Class Notes (836,213)
Canada (509,690)
PPGC67H3 (24)

Week 9.docx

4 Pages
Unlock Document

Public Policy
Scott Aquanno

Week 9- Social Welfare Policy  Essay o Look at specific issues raised in class and pick one to focus on your paper o Email TA with topic and thesis by Monday! o Research Questions  why is government policy the way it is? Internal  Why is government policy this way at this time and this way at this time ? -cross analysis of time  Provincial analysis o Ideas, institutions or structures  Review o Social learning  Policy makers customarily work within a framework of ideas and standards that specify the goals of policy  One of the principle factors affecting policy at time 1 is policy at time 0. The most important influence in learning is previous policy.  Policy responds less directly to social and economic conditions than it does to the consequences of past policy.  Path dependent trajectory. o  First and second order change can be seen as cases of normal policymaking, namely a process that adjusts policy without challenging the overall terms of a given policy paradigm  third order o Bradford- Used to understand economic policy  looks at the mediation of ideas at two different levels  1. Structural-economic relations rooted in dynamics of capitalism set boundaries on the range of legitimate ideas that will be considered  2. Institutional-political arrangements channel competition among such legitimate ideas  What capitalism is at a particular moment is different than it was yesterday.  We have to understand national level associations that mediate and influence a capitalist market  1930s  social Keynesianism X  vs  Technocratic Keynesianism + did not view capitalism as fundamentally flawed; rather the Great Depression revealed Canada's special problems of cyclical instability rooted in staples exporting economy.  THIRD ORDER CHANGE.  1970S  PC- truly important failures occurred on the economies supply side.  vs.  Neoliberalism- expertise and rationality of the state is bounded and officials are motivated to act in ways that undermine the public interest.  economic policy in canada is dominated by a technocratic keynesianism policy and then a neoliberalist view o Keynesian demand Theory  Aggregate Demand- overall level of demand in an economy for goods and services  1. Consumption  2. Investment  3. Government spending  4. Net Exports  All Keynesian approaches focuses on the above criteria  How do we promote these in an economy  How do you create positions right for this process. o Neo-liberalism  argues that markets are preferable to states in organizing economic and social matter  market is the most efficient and effective mechanism of social organization  state interference in the market is, by large  Inflation needs to exceed stagnation  Monetary Policy o Talking about policy controlled by central banks. o Manage Interest Rates o Overnight Rate  The Overnight Rate is the interest rate at which banks can borrow and lend to one another in the interbank market  The BoC sets a target for the Overnight Rate and provides reserves/money to accommodate demand at that target  The BoC provides reserves via OMO  Standford o we cannot understand how economies can or cant work without understanding monetary policy  Neoliberal Social Policy o Organizing Question  1) What is the nature of social policy under neoliberal globalization  Debate: Neoliberalism has seen a strong shift away from social entitlements VS the welfare regime associated with Keynesianism has been remarkably resilient o Welfare State
More Less

Related notes for PPGC67H3

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.