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    Restore Participating and Self-Support to Free Enterprise

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    How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is his plan an improvement over current government policies?

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    Solution Preview

    How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is his plan an improvement over current government policies?

    According to Edmund Phelps, the high earning worker gets higher tax credit than the poor worker. This means that those who earn more gets more tax benefit than those who earn less and due to this poor worker gets poorer and due to ...

    Solution Summary

    It will explain how principle of economics apply when government Restore Participating and Self-Support to Free Enterprise.

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