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With a background from the previous section we now study some of the critical characteristics of policy process. You have already studied earlier various technical theories relating to equilibrium state, optimal solutions, intergenerational optimizations, theories of choice and justice, etc. Now, instead of revisiting those theories over again, we will focus on their applicability to policy processes. In the course of the study we will see that the beauty of those theories, created under idealized framework is lost in applications. Even the very ethical ideals and notions of justice are compromised on the grounds of various claims made by special interest groups in policy process.
But you need not lose heart. You have to take it as a challenge to make your self capable of modifying theories on the basis of real would facts and to be able to make best explanation of facts on the basis of those idealized theories you have been studying. This real-idealized interaction has been very fruitful in advancement of all the branches of knowledge.
Problem: (a) What do you meant by public policy? What does the study of public policy involve? (b) How are problems that might lead to public policy identified and defined?
Theory of optimal tax system is relevant for tax policy issue
with the aid of labelled production possibilty frontier explain the concept of opportunity cost
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Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public interventio
When Neff says that "the very essence of public relations is grounded in communication" (2010 p.373) she goes on to point to two features of communication that should aid us in ana
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