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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.
classical and modern theories of burden of public debt
There has been a long history of research on ‘the policy process' which is ‘closely connected to efforts to examine the nature of power in society and to specify the necessary cond
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Assume the Working Income Tax Benefit tops up a single individual's income by 25 percent of the amount that employment earnings exceed $3000, up to a maximum payment of $950. Suppo
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State ramsey rule of optimal commodity taxation and the intuition for it
what is frugal economy and government economy
Q. Define Heterogeneity? We know that breaking of the assumptions of homogeneity of agents, in welfare economics, makes it difficult to define social welfare function. Breakin
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