Evaluation of the decision-making process in economic policy

Abstract

The preparation and adoption of sound economic policy decisions depends on: • How well the action capabilities are empirically secured and their expected outcomes, e.g. How rational the existing and acceptable knowledge of management is; • To what extent is the problem of preparation and decision making subject to analytical explanation (based on the logic of the decision). Practical knowledge of management is usually more limited, the less the recommended actions involve or abstain from previous activities (ie, the further away they are from theoretical-economic experience). Analytical access to problem solving is hampered by the complexity of well-thought-out actions. The assessment of the problem status and range of decision-making in economic policy depends on how the implicit actions are perceived, the changes and development of the target state of society.