For Tuesday, Davidson, ch. 15.
Guidance on papers.
Path Dependence: past events or decisions constrain later events or decisions. Many current programs and policies are descendants of past programs and policies
- Background (Ag Dept founded 1862)
- 1933 Agricultural Adjustment Act
- Agribusiness replaces the Joads
- How it operates today
- Social Security Act (1935) births Medicare and Medicaid
- Did NOT include prescription drugs, which became more important in later decades
Other examples: tax policy, education policy
Interaction of policy and politics. Politics makes policy, which makes politics.
Loss Aversion. Controversial programs and decisions become the status quo.
The Impact of War
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