Brno, Czech Republic

Economic Policy

Master's
Language: EnglishStudies in English
Subject area: economy and administration
Years of study: 2
University website: www.muni.cz/
Policy
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making. Policies to assist in subjective decision making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result are often hard to test objectively, e.g. work-life balance policy. In contrast policies to assist in objective decision making are usually operational in nature and can be objectively tested, e.g. password policy.
Policy
You have despoiled churches. You have threatened every corporation and endowment in the country. You have examined into everybody's affairs. You have criticised every profession and vexed every trade. No one is certain of his property, and nobody knows what duties he may have to perform to-morrow. This is the policy of confiscation as compared with that of concurrent endowment.
Benjamin Disraeli, speech on the University Education Bill (Ireland), House of Commons, March 11, 1873.—Selected Speeches of the Late Right Honourable the Earl of Beaconsfield, ed. T. E. Kebbel, vol. 2, p. 390 (1882).
Policy
There is an eternal dispute between those who imagine the world to suit their policy, and those who correct their policy to suit the realities of the world.
Attributed to Albert Sorel. Reported as unverified in Respectfully Quoted: A Dictionary of Quotations (1989).
Policy
Kings will be tyrants from policy, when subjects are rebels from principle.
Edmund Burke, Reflections on the Revolution in France (1790).
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