The session ends with a mock FOMC meeting in our board room that culminates in the formulation of a policy recommendation. (newyorkfed.org)
Modern economics is thus clearly a policy science, in which freedom is exercised not only in the creation of a conceptual edifice but also in the formulation of policies for the conduct of communal life. (religion-online.org)
By forcing public positions into the center, and by forcing compromise in the formulation of policy, the institutions of American politics have diffused and defused the passion necessary for war. (religion-online.org)