political science

developments340 1

emergent properties340 1

endogenous core 339

exogenous inXuences 339

feedback loops339 40

and understanding change336 7

see alsopolicy change

Earned Income Tax Credit program
(USA) 308
Economic Commission for Europe 12 13
Economic Development Administration
(USA) 211 , 410 ,564 5
and origins of policy212 13
economic development, and
sustainability725 6
economic growth, and inequality 613 , 614 ,
617
economic integration, and diminished
democracy thesis242 5
economic policy, and ethical
questions717 20,721 2
economic theory of regulation (ETR)655 6,
662 3
economic valuation:
and commensurability problem756 61
aggregation 757
health care 756 7
preference establishment759 60
quality adjusted life year
(QALY)758 61
utilitarianism758 9
utility of life757 8
andcost beneWt analysis (CBA) 750
and intrinsic value problem761 5,
767
ordinal incomparability763 4
value of human beings762 3
and valuation problem:
contingent valuation (CV)751 2
criticism of contingent valuation
(CV)752 4
environmental regulation750 5
hedonic pricing 751
marginalism 755
opportunity cost 751
travel cost method 751

see alsocost beneWt analysis; evaluation of

policy

economics:

and analytical tools of, cost

analysis736 41

and conceptual tools of730 6

consumer surplus 735

diminishing marginal utility 735

eYciency730 3, 747

Kaldor Hicks compensation

principles733 4

marginal analysis735 6

markets731 2

Pareto criterion731 3

public choice732 3

willingness to pay (WTP)734 6

and policy analysis729 30,741 2

andpublic policy729 30

and welfare economics730 1

assumptions of 730

see alsoeconomism

economics, and constraints on public

policy 530

and allocation of scarce resources529 30

and budget balance constraint530 3

and budget/current account deWcits

534 5

and crowding out 535

and external balance constraint533 4

and globalization535 9

capitalXows535 6

changes in sentiment538 9

‘impossible trinity’ of policy

choices537 8

Washington Consensus536 7

and trade oVs539 40

dealing with540 1

and twin deWcits hypothesis 534

economism:

and claims of:

motivation 748

political theory 748

and deWnition of 746 , 750

and economic eYciency748 9

and public discontent with 749

see alsocost beneWt analysis; economic

valuation

subject index 947