Title:
A THEORY OF APPLIED SOCIAL ECONOMICS

Authors:
James E Curtis, Jr.

Abstract:
Consider an economy where religious, non-profit organizations attempt to maximize their remaining revenue, for instance, to enlarge their endowment and provide new or enhanced services. Let remaining revenue equal total revenue minus total costs, where remaining revenue is determined by the costs of employees, the costs of volunteers [which is set to zero], the costs of facilities, equipment and professional services , and the costs of donated facilities, equipment and professional services, where outputs, for religious non-profit organizations, may include denominational ordinances, Sunday/ mid-week services, uncertified and certified training, transition services (counseling, weddings, funerals), and social services (food, clothing, shelter, transportation, referrals), where remaining revenue is maximized based on the ability of religious, non-profit organizations to turn inputs into outputs at market prices. Remaining revenue can be maximized through vertical integration of all outputs, or through a horizontal analysis [of each output individually, where n situations where perfect competition exists. For instance, there are: many religious, non-profit organizations; many consumers; perfect information among organizations and consumers; and no barriers to starting an organization or exiting the market. Curtis, Jr. (2010, 2017) focuses on the instance where minimizing costs also produces the maximum remaining revenue such that theological praise is measurable by the social planning effectiveness of the Kings of the Old Testament of The Holy Bible, a business manager/owner grouping in the days of Israel, or leaders of the Seven Churches of The New Testament of The Holy Bible.