US Economy: Recession off and Monopoly*

Gurhan Uysal
(Ondokuz Mayıs University, School of Business, Samsun, Turkey)

Abstract: This paper make up 5 short essays. Major paper is USA economy and recession. Other essays are related with neomerchantalism and linear costing. Paper of USA economy recommends that state of USA should decrease trade deficit in order to decrease inflation rate in USA economy. Secondly, state of USA should strengthen NAFTA in order to increase its political and economic impact. Job loss in another threat in USA economy. Next phase might be unemployment. In another essay, neomerchantalism is to apply merchantalism principles in international business of export and import. Merchantalism is free trade between countries. There is also IMF regulations in modern economy. Therefore, neomerchantalism view of economy contains merchantalism plus IMF regulations. Thirdly, this paper mention for a linear cost model. Cost accounting assumes there costs for firms to account unit cost of products. They are supply cost, labor cost, and administration costs. Linear cost model establish a linear program with those cost accounting variables. Therefore, it assumes that this linear model suggest a new costing model for firms to account cost of their products.

Key words: USA economy; recession; neomerchantalism; linear costing

JEL codes: E00, E12, E40, F11, M41