Prague, Czech Republic

Economic Policy

Hospodářská politika

Language: Czech Studies in Czech
Subject area: economy and administration
University website: www.vse.cz
Years of study: 4
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
Policy doesn't advance in a vacuum.
Philip J. Crowley, Nikki Haley: Does it matter that a UN ambassador has no foreign policy experience?, BBC (24 November 2016)
Policy
When I see a merchant over-polite to his customers, begging them to taste a little brandy and throwing half his goods on the counter,—thinks I, that man has an axe to grind.
Charles Miner, Who'll turn Grindstones? Essays from the Desk of Poor Robert the Scribe. In The Gleaner (Wilkes-Barre, Pennsylvania) (1811).
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).
Scientists performed model simulations to estimate the impact of future anthropogenic emission scenarios on air quality in Europe and the Eastern Mediterranean under present and future climates.
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