The dismal science and public policy

Jason Furman: “[B]y considering tradeoffs economic analysis can voice to the people that are often voiceless. Many policies are supported by their direct beneficiaries. They understand the benefits and actively lobby for them. The tradeoffs and unintended consequences are often more diffuse and unclear and as a result the people affected by them are underrepresented in the political process.”

Disclaimer: Any opinions expressed in this post are mine and mine alone.