PROBLEMS OF THE OPTIMAL USE OF ECONOMIC POLICY INSTRUMENTS
PROBLEMS OF THE OPTIMAL USE OF ECONOMIC POLICY INSTRUMENTS

Summary/Abstract: In order to make a rational decision in the economic policy, it is necessary to examine and understand importance of the conformist tools towards the goals. This should be done for a whole system of goals, including the ones which are recognized as core values. In order to reduce the costs associated with the decision-making, a certain criterion is needed that will facilitate the evaluation. We also need to explore which tools are allowed to address a particular problem under the economic policy program. Such a program is a concept of economic policy. It provides us with sufficient and unambiguous information on substantive and politically significant consensus. It is a consensus that implies that the economy, as an integral part of a more inclusive system of public goals, has a subordinate place and, just this condition determines its value. Considering this circumstance, it becomes easier to determine whether a goal is characterized by conformity to the system. Conformity to the system is the criterion, by which it is measured, what is the main thing in the given concept of the economic policy.

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