Institute of Economic Research at Mordusia

[socrev]

As per PL06:3311the Government of Mordusia has established the Institute of Economic Research at the National University of Arts and Sciences at Port Saint-John, Mordusia.

The Law may be found at

http://classic.particracy.net/viewbill.php?billid=349033

Our work is meant to not only define and understand the economy of Mordusia, but also to open up the institute to foreign study as well. Our facilities and work will be published here, and in the Journal of Mordusian Economics, (at http://forum.particracy.net/viewtopic.php?f=14&t=4649) a periodically produced peer reviewed journal. We invite all foreign scholars to attend the Institute of Economic Research and submit well researched and conceived articles to the Journal, for the purpose of advancement of theoretical understanding of economic science for the benefit of the peoples and nations of Terra.

Work of the Institute will be posted here.

[Siggon Kristov]

Beluzia Considers Funding

The Karav Dynasty submitted a bill, asking the federal council to approve an annual grant of 2,500,000,000 BEL to the Mordusian Institue of Economic Research. This will come out of the nation's 12,500,000,000 BEL Finance budget, leaving the ministry with only 10,000,000,000 BEL.

2,500,000,000 BEL is valued slightly above 7,500,000,000 MRD.
This is 564,000,000 LOD.

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Beluzia will also open itself as a subject for study. Its own economy can be used for comparison to Mordusia. Hopefully, other nations will jump on board.
At least 2 Beluzian professors, from Karavshire University, are supporting the idea of this facility.
With them, they may bring some students who can learn from direct hands-on investigations.
They plan to rent classroom space and possibly a few apartments or dormitary boarding space while in Beluzia. The Beluzian government is expected to fund this if the Institute doesn't provide such space.

Students, of Karavshire University, are already working on currency conversion and analysis. Others have begun a project for analyzing the economy on a whole. These will be presented to the institute with the intention of adding to developing Mordusian projects.

[socrev]

One possible solution to the Beluzian question which came up as we studied the division of Mordusian economy is the number we used to determine the size of the work force.

Since we considered 1/2 of the population was in the work force, this number produced a per capita income which was generally thought to be too high, given the collection of taxes.

One way to resolve this is to use a number which is already established: the eligible voter base. Each voter is a citizen, and therefore pays taxes. Each election a number is produced which shows the total number of the population which is eligible to vote. Perhaps that number should be seen as a starting point, and then some standard correction based on retirement age and child lab. This should be where our efforts are located to produce an effective size of the work force. And then we can rerun the analysis to see how it fits with the Beluzian economy.

[Siggon Kristov]

Has the institute come up with any results?
For the level of funding, Beluzian politicians may lose trust in the Count's decision to fund the project.
His son, Kristov II, who took the throne recently, will need to re-convince Beluzia to keep supporting this.