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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.
how wage increase of fixed income groups'' will affect the overall economy? what are effects exactly?
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NIGERIA IS A COUNTRY WITH DUTCH DISEASE DISCUSS
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Suppose that economic outcomes can be classified as either good or bad. Governments differ in ability and this affects the likelihood of good outcomes. There are two types of gover
One shortcoming of neoclassical welfare economics is that it does not take into account the institutional structure of collective decision making. To draw normative conclusions abo
which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium
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