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Wenzhou-Kean University: Peer-Reviewed Academic Journal Publications

 The financial elite are using this “cover-up and pray” policy—hoping that rekindled “animal spirits” will bring the economy back in time to save the status quo. This is impossible because the trust is gone. The same sociopaths control the economy. A Federal Reserve zero interest rate policy (ZIRP), causing malinvestment, and monetizing the national debt with quantitative easing by the Fed, and austerity for the 99% to repay bad bank loans has not worked—and doing more of the same will not work—and defines insanity

 

     

 

 

New WKU Peer-Reviewed Academic Journal Publications

Reconstructing Renewable Energy: Making Wind and Solar Power Dispatchable, Reliable and Efficient (2016). International Journal of Energy Economics and Policy, 06(01), p. 128-133. 

By Eric L. Prentis: Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance.

Learn how to create a grid-scale energy storage system (ESS) that makes, for the first time, wind and solar renewable energy—dispatchable, reliable and efficient. Existing and recent discoveries in battery technology are analyzed, with the most appropriate recommended for use in the new ESS. Additionally,an innovative time-shifting ESSdesign approach is presented that decouples electricity production from use, considerablyimproving total wind and solar power peak average capacity contribution values. Thisminimizes the need for expensive standby natural-gas combustion turbine peaker plants—thereby decreasing costs by 75%.Furthermore, this advanced ESS improves performance by making the interconnection grid more reliable and better able to handle changing customer demands, relieves transmission congestion, and decreases unscheduled power outages—and also provides ancillary services; thereby improving system-wide benefits by 30%-to-40%,further reducing effective ESS costs, perhaps to zero.  

 Please read the complete journal paper, click:

http://www.theastuteinvestor.citymax.com/f/New_Energy_Stor_IJEEP_Final1.pdf 

 

Leadership: A Case Study on the Importance of Ethics and Trust (2016). Journal of Business, 01(02), p. 17-30. 

By Eric L. Prentis and Sunday E. Igoni: Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance, and School of Management, Marketing and International Business. 

This research is important because it empirically tests why ethical behavior by business and government leaders is essential for good management—which is to earn trust from customers and constituents—thus ensuring organizations are successful, for the greater good, over the long term, especially in the global marketplace. Law and morality are two standards by which business and government leaders are judged, but these norms fail whenever laws are not enforced and morality is disregarded. Five research questions on leadership are statistically tested, using a Likert-scale response measure questionnaire—based on "perceptions of societal corruption" and "trust levels," using Bandura’s "aggressive behavior modification theory," as the model for analysis. Nigeria is selected as the location of this case study on leadership ethics and trust, because Nigerian government officials have a long history of unethical and corrupt behavior. Descriptive statistics, along with chi-square quantitative research methods reveals "perceptions of societal corruption" in Nigeria are high and "trust levels" for government leaders are very low. Leaders in Nigeria are only as ethical as the code-of-conduct prevalent in their country—where cultural, economic and legal factors contribute to the nation’s corrupt society—which may cause Nigeria to become a failed state. To change the Nigerian culture of societal corruption—education is necessary—to instruct elected officials, civil servants, business leaders and Nigerian society, at large, on the importance of ethics and trust. Nigerian government and business leaders should institute an ethics policy—and implement five suggested reforms presented in this paper—which will help establish government leader’s ethical integrity and improve citizens’ trust and confidence in their government. Recommendations for future research on government and business leadership ethics and trust are offered.  

 Please read the complete journal paper, click:   

Please read the complete article, click: http://www.elp.com/articles/2014/10/has-privatization-failed-texas-utility-customers.htmlhttp://www.theastuteinvestor.citymax.com/f/Leadership_Journal_of_Business.pdf http://www.theastuteinvestor.citymax.com/f/Leadership_Journal_of_Business.pdf   http://www.theastuteinvestor.citymax.com/f/Leadership_Journal_of_Business.pdf 

 

Texas Interconnection Grid: Economic Optimal Capacity Utilization Rate Evidence (2015). International Journal of Energy Economics and Policy, 05(03), p. 686-692.  

By Eric L. Prentis: Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance. By Eric L. Prentis,: Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance. Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance.  Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance.  Wenzhou-Kean University, College of Business & Public Management, School of Accounting and Finance.   

For the fi rst time in the literature, the supply and demand model, with 2011-2014 data, is used to analyze the Texas Interconnection grid electricity market. The electric utility industry’s production function, fi xed, variable and total cost (TC) curve represents the supply curve. The demand curve is the electricity price in the assumed perfectly competitive electricity market. The effi cient scale of production is established—located where the U-shaped average TC curve reaches a minimum—and using marginal analysis, where marginal revenue equals marginal cost, to determine the economic optimal capacity utilization rate that maximizes electric utility industry profi ts. This paper’s aggregate results on the economics of the electric utility market are meaningful, insightful and well-timed—having important electric utility policy implications.

 

 Please read the complete journal paper, click:    

 http://www.theastuteinvestor.citymax.com/f/Texas_Interconnection_Grid_Econ_Opt_Cap_Util_Rate.pdf 

Copyright (c)  2004-2017 by Eric L. Prentis. All Rights Reserved. Disclaimer: Data presented are expected to be factual, however, no warranties are in effect. Gains or losses from stock investing or speculating are possible. Positive results are never assured, regardless of the techniques used, and no guarantees are given. Please perform your own due diligence and consult your registered financial adviser prior to investing or speculating.

WORLD-MAR

Why We Should Go Ove

 

By Eric L. Prentis, Originally publish

 

International corporations use “free market” capitalism ideology to justify globalization and create a“world-market-state.” Supposedly, “free market” capitalism makes America’s economy efficient and, therefore, far more prosperous. In practice, however, international corporations promote laws based on “free marke

Economists,for 45 years,promote laissez-faire “free market” capitalism doctrineof reducing the size of government through deregulation, privatization of government services, and globalization. Economists tell us that using now efficient markets to manage the economy, rather than politicians, will dramatically increase US wealth. However, recent scientific research and real-life economic results disprove this myth. Instead, evidence shows that deregulated “free market” capitalismpoliciesare damaging the US economy.

  
    

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The Economic Populist

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