Economic policies claim to describe policies that will improve peoples’ lives. This is unlike the biological one that has a policy component, however for the most part they are concerned with understanding the functioning of their respective subject matter. Biological policy, of course, has the potential to improve peoples’ standards of living, but it is really a by-product of science as an intellectual activity. Many methodologists have missed this essential feature of economic science. It is a mistake to compare economics to Biology. None of these is concerned with policy making and is much concerned about methodology. There is no model of methodology for a policy science on which we can build an analysis. The task of constructing such a theory falls to economists
Economic policy would lead to an objective function. For example, if economics are making choices to maximize something, then we can get an idea of what is being optimized by looking at their choices. This objective function can then be used as an input for policy decisions. In some cases, one may need a quantitative estimate of the objective function. In other cases, one may want to show that one kind of market structure, may do a better job of satisfying consumers objectives than other, which is not possible with a biological policy outlook.
why is the economic model better for policy than the biological model alone?
2. Do the behavioral and biological schools of personality explain the data any better than the Freudian and humanistic approaches? Which do you prefer? Why?
Which model better describes them: the iron triangle or policy network?
when two antibiotics work better than one alone the process is called___? a. synergism b. antagonism c. protagonism d. antagonism
5. What are economic rents? How did we distinguish “natural” vs. “appropriable” rents? How do doctors “appropriate rents”? Does this explain why MDs have done better than hospitals economically? What does this say about which hospital behavior model is probably correct?
Should economic growth (as measured by increasing GDP) be a policy goal? Explain why and why not.
why plavix is better than aspirin?
why is longer password a better security mechanism than a better encryption?
What is the primary reason why macro economists attempt to forecast future economic conditions? because automatic stabilizers do not work at all so that they can best predict how to make profits in the stock market because there are lags when using stabilization policies in order to persuade the public that monetary policy is better than fiscal policy
Why does a solution of a weak base and its conjugate acid act as a better buffer than does a solution of the weak base alone
Why do interaction effects make logistic regression model better?