Author
Cheng K Wu is the President of GroWonders Corp. and co-inventor of its exclusive complete and balanced macro and micro nutrients in water solution. Since the dawn of agriculture, due to chemical incompatibility, farmers and fertilizer manufacturers were unable of making, mixing or holding all nutrients in ONE package/container and simultaneously supply ALL the essential nutrients to crops at the same time. GroWonders innovation solves the problem of having multiple tanks and a large and diverse inventory, alternate application of different chemicals at different times, chemical compatibility and stabillity issues, pH yo-yo, early senescence, nutrient deficiencies and testing, and so on. Extensive independent greenhouse and field tests show GroWonders provides the highest level of efficacy, low cost and very low dosage per acre (1 qt/acre for macro and 6 oz/acre for micro nutrients per each foliar application). In a three year independent field trial for corn, cotton and soybean in Texas, GroWonders outperformed a common competitor's product yield by 15 to 37% with just two foliar applications - for less than $10/acre per application. Typically, prior to covid, a cotton farmer would have a cost of $700/acre and sales of $1,000/acre, but with Growonders 2 applications, this farmer sales would increase to $1,300/acre. That is the difference betwen producing 2-2.5 bales of cotton/acre vs 3.5 to 4 bales/acre in Texas. Also, with a very fast uptake and nutrition delivery on demand, there is no need to pre-apply pound after pound of dry fertilizer and risk being washed out by rain or blown away by wind, specially in a drought year. As a result, GroWonders technology provides the best way of eliminating fertilizer run off in rivers and oceans while being highly cost effective to farmers, i.e., a win-win solution. See information and trials at https://www.growonders.com/.
Cheng K Wu was the Head of Research at Economic Strategies Inc. in NYC during the 1990s. Economic Strategies was an economic and political consulting firm for top management at leading U.S. and international financial institutions (GE, American Express Bank, Credit Lyonnais, Barclays, etc). In early 1990s, while analysing domestic and international data, he first noticed the relationship between trade imbalance and personal saving as percent of disposable personal income. Around 1993, on his first version on consumption theory, he solicited and received important feedback from Profs. Franco Modigliani, Robert Clower, Marjorie Flavin and Angus Deaton. In 2016, he finished a final version to the equations for consumption theory and between 2017-18, he extended the works of Keynes and Clower.
Cheng K Wu holds a 5 year BSc degree in chemical engineering ('82 UNICAMP - Brazil), a graduate specialization in Production Management ('84 Fundacao Getulio Vargas - Brazil) and a MBA in finance ('86 NYU).
Wu, Cheng (1997): "New Result in Theory of Consumption: Changes in Savings and Income Growth," https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/9706/9706007.pdf
Wu, C. K. (2016), "New Result in Theory of Consumption: Changes in Savings and Income Growth - Nineteen Years Later," Journal of Economics Library, Vol. 3, No. 1, pp. 77-81, https://journals.econsciences.com/index.php/JEL/article/view/684/791 https://mpra.ub.uni-muenchen.de/69582/
Wu, C. K. (2017), " Does Clower’s Dual-Decision Hypothesis lead to the change in saving conclusion in Keynes’s General Theory?," Journal of Economics Library, Vol. 4, No. 4, Dec. 2017, pp. 552-560
https://journals.econsciences.com/index.php/JEL/article/view/1497 https://mpra.ub.uni-muenchen.de/82840/
Wu, C. K. (2018), "Clower’s Dual-Decision Hypothesis is economics," Turkish Economic Review, Vol. 5 Issue No. 1, March 2018, pp. 83-88
https://journals.econsciences.com/index.php/TER/article/view/1611 https://mpra.ub.uni-muenchen.de/84013/
Wu, Cheng (2024): "Consumption Theory and Why Any GOP Candidate, Including J.D. Vance, Would Have Won the 2024 Election: Comment and Update to the Original Paper of 2016" (“Economics and How Obama Could Have Lost the 2016 Election Too”). https://mpra.ub.uni-muenchen.de/122718/