Public Policy

Social Safety Net
A system designed to ensure individuals' incomes do not fall below a minimum level, including various benefits and services.
Test Discount Rate
The real rate of return used in cost–benefit analysis by the UK government.
Green Paper
A UK government publication intended to stimulate public discussion on an issue without necessarily committing the government to legislation.
Meade Review
A significant review of the UK tax system chaired by economist James Meade, leading to the 1978 Meade Report.
Behavioural Insights Team
An overview of the Behavioural Insights Team (BIT), also known as the Nudge Unit, its inception, purpose, and contributions to public policy.
Benefits System
An overview of the benefits system, its purpose, various forms, and the economic implications.
Chlorofluorocarbons
Non-toxic chemicals that have been historically used in refrigeration and aerosols, known to deplete the ozone layer.
Council Housing
State-financed housing for rent provided through local authorities in the UK.
Crowding Out
The economic phenomenon where an increase in public sector spending may reduce private sector spending.
Economic Planning
A comprehensive entry on the concept of economic planning, covering definitions, historical contexts, major analytical frameworks, and more.
Government Regulation
An examination of government regulation, its definition, application, and impacts within economics.
Green Taxes
Exploring Green Taxes: Fiscal policies aimed at mitigating environmental impact through taxation.
Indicative Planning
A hybrid economic planning approach that seeks to blend decentralization with central planning by shaping expectations and influencing investment behaviors.
Lobbying
Activities devoted to informing politicians of the views of various interest groups, and persuading them to draft legislation or to vote in accordance with these views
Means Test
An assessment method used to determine eligibility for certain benefits based on income and assets.
Means-Tested Benefits - Definition and Meaning
A comprehensive overview of means-tested benefits, including definitions, analytical frameworks, comparative analysis, and related terms.
Medicaid
A US government scheme to pay for medical treatment for individuals with low incomes.
Merit Goods
Merit goods are goods or services whose consumption is deemed beneficial for society beyond the immediate individual benefits, often warranting government intervention.
Nudge Unit
Definition and examination of the Nudge Unit and its role in applying behavioral insights to public policy.
Pollution Control
Methods and policies to reduce pollution including taxation, quantitative restrictions, and alternative technologies.
Regulation
A comprehensive overview of regulation in economics, including its purpose, methods, and various frameworks.
Regulatory Agency
A body set up to decide on and enforce regulations, often independent from direct government control.
Regulatory Capture
The tendency of regulators to identify with the interest of the industry they are supposed to regulate.
Reservation Policy
A policy in India that reserves a proportion of public jobs and education seats for disadvantaged or under-represented groups.
Restraint of Trade
A term in a contract that restricts a person’s right to exercise a trade or carry on business.
Social Security Benefits
State payments aimed at ensuring minimum living standards for residents, commonly provided to those over retirement age, the disabled, and others unable to support themselves.
Subsidized Credit
Credit provided on terms below normal market rates to encourage specific activities or to benefit particular groups.
Targeting
Making benefits available to a particular group of people identified by certain characteristics.
Tax Allowance
An explanation of tax allowance, its importance, and implications in economic theory and practice.