Economics of Public Policy

Public policymaking and analysis is a part of social science and evolved as a solution to the social problems. Government intervention in the economic system necessitates policymaking. Market failure at different levels is considered to be the cause for public policymaking. Economic policymaking is...

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Bibliographic Details
Main Authors: Philip, Abey, Ancy, S.
Format: Journal Article
Published: Institute of Chartered Financial Analysts of India (ICFAI) University Press 2009
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/11785
Description
Summary:Public policymaking and analysis is a part of social science and evolved as a solution to the social problems. Government intervention in the economic system necessitates policymaking. Market failure at different levels is considered to be the cause for public policymaking. Economic policymaking is about resource allocation, regulation and redistribution policies. This article also discusses the issues of equity and efficiency in public policymaking.