Abstract
Studies of policy tools and mixes have addressed many issues, including how policy portfolios come to be and how they evolve, as well as the criteria for “good” policy design and a plethora of topics around policy tool use and deployment. This chapter re-examines the pioneering work in order to illustrate the need for a better understanding of policy calibrations and their impact on policy outcomes if the dynamics of policy reform are to be understood. Reconceptualizing the number and type of policy elements found in Hall’s work has serious consequences for policy theory and practice. The links between policy components and endogenous and exogenous sources of policy change are more complex than Hall suggested.
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