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Hyperbola Economics Towards A Utopian Economy

Editor

Listed:
  • Dr. Yisheng Huang
    (Better Advances Press, Academic Research Centre of Canada)

Author

Listed:
  • Hideyuki Kamiryo

    ()

Abstract

The HEU geometrically holds in the two dimensional (2D) planes using topology for the 1st and the 3rd and, 2nd and 4th quadrants. The EES (2013, and the 2nd edition, 2014) algebraically holds also in the two dimensional planes but, consistently with hundred thousands of equations and each calculation or measurement. In the mean time, all the HEU data and all the EES data are always and wholly consistent with each other, since both data sets commonly use the same KEWT (Kamiryo Endogenous World Table) series of databases; currently KEWT 9.15 (the 9th, 1960-2015). Basic character of the mechanics commonly to the EES and the HEU comes from the hyperbola system under the market principles. The system results in instant, dynamic, and steady balances, in the 2D planes, with no exception nor probability, where theories=practices=forecasted values. The market principles are an assumption, since the market principles vertically holds by goods, services, and software however are reinforced by the hyperbola system. The hyperbola system, as a whole system, reinforces the market principles horizontally and reciprocally. Further, basic character of the mechanics above is such a fact that the macro level is the first and the micro level is the second; adversely from the common sense in the literature. A true reason/cause comes just from the income difference in tax redistribution between before and after tax redistribution in GDP. Functionally, the EES and the HEU are policy-oriented while the reinforcements by the market principles are strategy-oriented. Similarly, equality is divided into macro and micro functions. At the macro level, a country has its own individuality: culture, civilization, history and tradition. Thus, macro-equality accepts specified individuality by country. At the micro level, households are tied up with real wages and enterprises with the profit maximization. Shortly in another way, whole policies are reinforced by variety of strategies in micro economies. Concretely in detail: (1) pages 4, 5, and 6 in the HEU yearly show essential structures of GDP; (2) page 205 sums up the stream to geometric from algebraic using fundamental equations; (3) page 249 clarifies Paul Krugman¥¯s basic idea or the differences between US, Canada, Japan, China, and UK; and (4) Appendix 3, pages 430-496 illustrates G20 and G7 as a whole system. In the above illustrations by country and by item, the author realizes, Japan uniquely differs from other countries in the world. The item is the ratio of taxes to GDP, 1960-2015. The ratio in Japan has been continuously decreasing while those in all the other countries show an increasing trend, robustly or fluctuating, decreasing temporarily or in a specific year(s), or moving in a cyclical trend, normally and differently. What does this mean for future economic decision-making by government? Is there any regrettable result in maintaining consumption and national economy? Which is efficient and effective for a country to take, the market principles or government policies? Can national policies conquer any discrepancy or mistaking results? What is the true reason/cause? The literature cannot explain the reason pertinently at all, Prof. Kamiryo perceives. The above questions are all solved by the following illustrations on pages 435, 441, 453, 459, 465, 471, 477, 481, 483, and 489, in Appendix 3. In particular, the difference between actual and endogenous data tells us everything; such ratios as profit, net investment after economic depreciation, taxes, and the rate of return. These pages are respectively 453, 459, 465, and 471. Plainly speaking, Japanese government cannot increase consumption or commodity tax rate. A true reason is the accumulation of deficits and debts, regardless of bonds or Bank of Japan printing papers. Which is taken, default or compulsive inflation-policy? Financial fund managers watch the timing for the US to execute a tight-money policy in order to avoid bubbles-burst open. The current situation always balances between no-individual policy (inflated spending in unnecessary investments) and individual-oriented policy (towards no inflation/deflation). No inflation or minus inflation is wholly tied up with full-employment. Or, the rate of employment is a result of whole policies. One results in hopeless decrease in the real wage rate and, the other deflation as a special returns or compensation for individuals. Government cannot stop deflation unless it decreases deficits and debts as a whole. The market principles and the rate of interests are real, while government's trial-and-error policies have no meaning or remain to ease individuals¥¯ mind. China, regardless of democracy or dictatorship, easily solves policy specifying problem by setting the difference between actual and endogenous data, although there is no answer in the literature yet, as proved by G20 meeting, Turkey on 4 Sep 2015. Business and stock prices remain resultant and policy-makers should be away from business and stock prices.

Suggested Citation

  • Hideyuki Kamiryo, 2015. "Hyperbola Economics Towards A Utopian Economy," Hyperbola Economics towards A Utopian Economy, Better Advances Press, Canada, edition 1, number 01 edited by Dr. Yisheng Huang.
  • Handle: RePEc:bap:heu015:01
    as

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    References listed on IDEAS

    as
    1. N. G. Mankiw., 2009. "The Macroeconomist as Scientist and Engineer," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
    2. E. S. Phelps, 1966. "Models of Technical Progress and the Golden Rule of Research," Review of Economic Studies, Oxford University Press, vol. 33(2), pages 133-145.
    3. Paul A. Samuelson, 1939. "A Synthesis of the Principle of Acceleration and the Multiplier," Journal of Political Economy, University of Chicago Press, vol. 47, pages 786-786.
    4. Fisher, Irving, 1907. "The Rate of Interest," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number fisher1907.
    5. Paul A. Samuelson, 1942. "Fiscal Policy and Income Determination," The Quarterly Journal of Economics, Oxford University Press, vol. 56(4), pages 575-605.
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    Book Chapters

    The following chapters of this book are listed in IDEAS

    Keywords

    (see page 588; 36 Keywords in couples and 32 Independent Keywords) 32 Independent Keywords: Money flows; Perfect competition; Phillips unemployment; Under no assumption; Qualitative Democracy Level; Scientific discoveries; The endogenous valuation ratio; Actual and endogenous taxes; Balance of payments and deficit; Elasticity of substitution; sigma; Essence of the Break-Even-Point (BEP); Marginal productivity of capital; Marginal productivity of labor; Marginal productivity theory; Monopoly; duopoly; and oligopoly; Optimum functions-measure in hyperbola; Speed years by country and by sector; The endogenous Phelps coefficient; The exogenous Phelps coefficient; ¥ŽAXIOM Omega¥¯ in the Endogenous-equilibrium; Consumption-neutral to growth and technology; Distribution of income before and after taxes to government and private sectors; Equations connecting the Break-Even-Point (BEP) with Net sales and returns/profits; Essence of Purely Endogenous System under the Market Principles; Rate of return & the growth rate of output in equilibrium; Redistribution of income to households and enterprises; Stop macro-inequality and full-employment in reality: Starting with ¦Á-neutral; Structural improvement in labor productivity; individual life-time versus systems; The Cost Accounting for increasing/decreasing Deficits and Debts (CADs); The Real Rate of Profits/Returns Equals Zero; Actually and Endogenously; The Utility Theory and Consumption Function; and Three equality of income= expenditures=output. 8 Supplemental/ adding Keywords: Parabolas with no origin; Symmetry and Asymmetry; Recursive programming; Policies; Strategies and tactics; Real assets and Market/financial assets; The Cobb-Douglas (C-D) production function; Constant returns to scale and Increasing or Diminishing returns to scale; Economic analyses by statistics data.;

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • I2 - Health, Education, and Welfare - - Education
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation

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