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Chapter 33.
Policy Making
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1. A First Look at Economics
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2. Prudent Choice
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3. The Invisible Hand
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4. Visible Hands
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5. To Buy or Not To Buy
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16. Perfect to Imperfect
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20. Issues in Macroeconomics
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33. Policy Making
- 33.1 What to do?
- 33.2 A model of economic policy making
- 33.3 Ultimate policy goals
- 33.4 Intermediate targets
- 33.5 Policy instruments
- 33.6 Elaborations on the model
- 33.7 Doubts about the model
- 33.8 Experts' mixed advice
- 33.9 Argument Box I
- 33.10 Fiscal policy
- 33.11 Technical workshop I
- 33.12 U.S. fiscal policy
- 33.13 The government deficit
- 33.14 Arguments not to worry
- 33.15 Arguments to worry
- 33.16 Monetary policy
- 33.17 Technical workshop II
- 33.18 Int'l policies - 1980s
- 33.19 Institutional policies
- 33.20 Size Matters
- 33.~ Conclusion & Summary
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34. Joining the Conversation
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A trend is a trend is a trend. But the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end? Sir Alec Cairncross
READ THIS CHAPTER IF YOU ARE CURIOUS ABOUT:
PREVIEWThe economic words for buyer and seller are, as you know, "demander" and "supplier." The two flow together in markets. To understand markets you need to understand each of these-supply and demand-more deeply. Begin with demand. Why do people buy the amounts they do? In particular, why are they willing to pay only a little for an essential item like water and so very much for an unnecessary item like diamonds? One answer comes from the economist's "Rule of Rational Life." |