A readable introduction to principles of public policy analysis, integrating tools students need to analyze policies with an understanding of how real policies are made. Munger (political science, Duke U.) presents conceptual foundations, and discusses conflicts between markets, democracy, and experts in political decision making, offering students the basics of the welfare-economics paradigm and cost-benefit analysis while highlighting the roles that policy analysts play. Analytical techniques are applied throughout each chapter and in three chapter-length case studies. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Contents 1. Policy Analysis as a Profession and a Process: An Overview 2. Deciding How to Decide: `Experts,` `The People,` and `The Market` 3. A benchmark for Performance: The Market 4. `Evaluation and Market Failure`: Criteria for Intervention 5. Experts and `Advocacy`: The Limits of Policy Analysis 6. Democratic Decisions and `Government Failure`: The Limit of Choice by the People 7. The Welfare Economics Paradigm 8. Choice of Regulatory Form: Efficiency, Equity, or Politics 9. Discounting Ⅰ: Expected Values, Probability, and Risk 10. Discounting Ⅱ: Time 11. Cost-Benefit Analysis 12. Conclusion References Answersto Selected Problems and Questions Index