An Expository Note on the Alternative Goals of the State or Principal

International Journal of Economics and Research, Vol. 7, No. 4, p. 22-37, Aug 2016

16 Pages Posted: 11 Oct 2016 Last revised: 29 May 2017

See all articles by Merter Mert

Merter Mert

Department of Economics, AHBV University

Date Written: August 1, 2016

Abstract

The aims of this study are i) to match possible theoretical goals with economic policy goals which are required for the development strategy and ii) to show the quantities required in order to reach those goals. This paper also assumes that the goals cannot be necessarily profit maximization, sales maximization and social welfare maximization, by itself. It can also be a hybrid combination of them. Based on this assumption quantity of production is shown for each of the combinations.

Keywords: Profit Maximization, Sales Maximization, Social Welfare Maximization, State, Development

JEL Classification: D40, D43

Suggested Citation

Mert, Merter, An Expository Note on the Alternative Goals of the State or Principal (August 1, 2016). International Journal of Economics and Research, Vol. 7, No. 4, p. 22-37, Aug 2016. Available at SSRN: https://ssrn.com/abstract=2850041

Merter Mert (Contact Author)

Department of Economics, AHBV University ( email )

Ankara, 06500
Turkey

HOME PAGE: http://www.mertermert.org

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