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Public Policy: Object of Choice or Emergent Phenomena? Learning from the Implementation of the Medical Reimbursement Act in Poland

Entangled Political Economy

ISBN: 978-1-78441-102-2

ISSN: 1529-2134

Publication date: 17 October 2014

Abstract

The recurring implementation and continuous maintenance of price controls implies a deep incongruence between public policy and economic common sense. Yet, economists do not tire of concluding their papers with policy recommendations as if oblivious to the ineffectiveness of their efforts. By assuming that policy is an object of choice, economists have no alternative but to naively hope for a decision-maker sensitive to economic logic. An alternative approach is to think of policy, not as an object of choice but as an outcome of a competitive process. From this perspective, the often-lamented disregard for economic principles is not a characteristic of a deficient policymaker, but a systemic quality of institutional arrangements. I illustrate my argument with the analysis of the implementation of rigid prices for reimbursed pharmaceuticals in Poland.

Keywords

Citation

Podemska-Mikluch, M. (2014), "Public Policy: Object of Choice or Emergent Phenomena? Learning from the Implementation of the Medical Reimbursement Act in Poland", Entangled Political Economy (Advances in Austrian Economics, Vol. 18), Emerald Group Publishing Limited, Bingley, pp. 93-110. https://doi.org/10.1108/S1529-213420140000018005

Publisher

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Emerald Group Publishing Limited

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