Tuesday, November 11, 2008

Conclusion for the blogs so far written

As we all know public policy models helps us to understand how public policy making process works in reality. There several examples around us which we can fit to these models rather we can analyse those real life experiences with the help of this theoretical foundation of public policy. Why do finance minister wants to keep inflation low at the time of election? This can be well explained by the public choice model where people take decisions based on maximum personal benefits. The public policies are driven by motivations like employment, income etc. Thus homoecomomicus plays important role here. Why wheat subsidies are higher versus non wheat in agricultural sector? This real life question can be solved in the framework of group theory. The power imbalance between wheat growers and non-wheat grower determines the price policy in this respect. Thus, this question can be well understood in the domain of group theory. Therefore I would like to sum up saying that analyzing policy from various dimensions and through alternative frameworks is an exercise which gives an insight to think about many policy alternatives further.

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