PAF 340 Lecture Notes - Lecture 3: Policy, Moral Hazard, Invisible Hand
Document Summary
Answers may be based on fundamental beliefs or by context. Scholars: robert a. dahl, charles e. lindbolm. The actual policy process is rarely so simple or clear-cut. Still guides a lot of research and understanding of public policy. Policy networks: the study of actors, interest groups, and government entities in policy subsystems. Advocacy-coalition framework: examines conflict and clashes in policy subsystems, usually due to policy coalition changes and formation. Policy streams: policy is made when problems, politics, and policy characteristics randomly converge. Policy styles: different political systems make policies in different ways. Policy instruments: the type of tool used is intentional and affects policy success. Institutions crucial for understanding functions of the public sector. Normative elements and the logic of appropriateness provide guides for action. Three types: normative institutionalism, historical institutionalism, rational choice institutionalism. Assumptions: neo-classical economics: rationally self-interested utility maximizing individuals, invisible hand, no public interest.
