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About Final Speech CD Deshmukh Lecture 2017-1
This document is the text of a lecture given by Vijay Kelkar on reflections on the art and science of policymaking. Some key points: 1. The lecture focuses on the science of policymaking, highlighting 10 analytical insights from economics that can improve policy thinking. The most important insight is that policy should focus on addressing market failures like externalities, asymmetric information, market power, and public goods. 2. When addressing market failures, policies should go to the root cause using the smallest intervention possible, as per the Bhagwati-Ramaswami theorem. It is better to solve domestic distortions through domestic policy rather than interfere with international trade. 3. There are many unfinished agendas in
Detailed Information
| Author: | ['susapien'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 19 |
| Language: | English |
| Format: | |
| Price: | FREE |
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