Thursday, April 24, 2025

Domestic Policy

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

Agricultural price supports

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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