Deficiencies within the economic discipline that keep it from becoming an

integral component of everyday policy making.

Modern States have to intervene in the economic activities of its citizens. It has to fight
adverse business cycles and depressions, secure employment for all, maintain a
favorable balance of trade and project the financial stability of the country. It has to
involve itself in production of commodities, running of industries, fixing prices,
enactment of controls and rations, etc. Administrators are required to enforce and
execute the developmental planning of Govt that ensures economic development and
raise the living standards of people in the society and reduce poverty and
unemployment. Government also undertakes control of the Public Sector Undertakings
and the administration of these undertaking require knowledge of economics, price
policies, marketing, purchasing, etc.

Public Administation deals with government spending and investments such as

overnight stock transactions that turn each night hopefully makeing a profit for a
government fund. Economists have a role in public administration of money. They can
determine what is the optimal expense for the most the good. Economists use scientific
proofs to track goods, services, and expenditures. They use this to determine what
investments and expenditures a the most of the resources used to fund projects and
programs

Hence, both are complementary. Economics play an important part for a better
administration and administration has an equally important role to play in the economic
development of the country.

Deficiencies within the economic discipline that keep it from becoming an

integral component of everyday policy making.