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Ten Rules for Public Economic Policy

Yew-Kwang Ng ()

No 1703, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre

Abstract: This paper discusses ten simple rules for the formulation of public economic policies efficiently, using both old wisdom and recent results. The ten rules are: Using the Invisible Hand; Provision of Essential Public Goods; Reducing Excessive Inequalities Efficiently; Adopt Free Trade and Eliminate Administrative and Collusive Monopolies; Provide Useful Information and Regulation; Raise Taxes Efficiently; Mitigate against Excessive Market Fluctuations; Undertake Public Projects Efficiently; Soft Paternalism; Happiness-Oriented Objectives. Justifications and qualifications are discussed.

Keywords: Economic policy; ten rules; ten commandments; efficiency; public economics (search for similar items in EconPapers)
JEL-codes: H00 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2017-03
New Economics Papers: this item is included in nep-pbe and nep-sea
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