A TREATISE OF THE WEALTH OF NATIONS: Appendix

ABSTRACT/ Copyright 2011 by Author: Dr. Michael Patrick Amos. All Rights Reserved.

The focus of the present analysis is full-employment of unskilled-labor. Because according to U.S. Department of labor statistics 75% of U.S. Population is unemployed or “employed” in “Black Markets”(employment population ratio is 58% for ages 16 and over in Jan. 2011). Such high levels of unemployment are the causes of inner city violence and can lead to a new type of terrorism in our firms. I consider it a most worthwhile, theoretical discussion to be put to test in Non-Walrasian macroeconometric models of the U.S. Economy. Section A.1.1. Presents the model and discusses in details the conditions under which a small open economy (or a large open economy) can fully employ its population .