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Policy Analysis and Economics - Developments, Tensions, Prospects (Hardcover, 1991 ed.)
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Policy Analysis and Economics - Developments, Tensions, Prospects (Hardcover, 1991 ed.)
Series: Recent Economic Thought, 23
Expected to ship within 10 - 15 working days
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Long before policy analysis emerged as a separate profession with
its own graduate schools, economists offered advice about
government policies. Positive economics provides the tools for
predicting the impacts of prop osed policies; normative economics,
especially welfare theory, offers a framework for valuing the
impacts of policies in terms of efficiency and simple notions of
equity. With the expansion of economic theory into ever wider
fields of human behavior, it is no wonder that economists have
prominence as teachers and practitioners of policy analysis.
Indeed, many economists see policy analysis as essentially applied
economics. Though other social scientists might object to this
somewhat parochial view, economics and policy analysis share much
in commom in terms of develop ment and prospects. The purpose of
this volume is to trace these interrela tionships and explore the
tensions that they create. Tensions arise for several reasons.
Changes in the discipline of econ omics affect the findings,
methods, and personnel offered to policy analy sis. For example, on
the one hand, the "new institutional economics" appears to be
extending the influence of economists to questions involving
nonmarket oranizations, while on the other hand, the apparently
growing emphasis within the economics profession on creating rather
than empir ically testing theory suggests that fewer of the best
young scholars will be drawn to policy-relevant research. Within
the schools of policy analysis, the drift toward public management
may reduce the demand for traditional economic training."
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