Journal article

The human dimension of good economic policymaking

Ian R Harper Ao, Andrew Ramadge

Economic Analysis and Policy | Economic Society of Australia (Queensland) Inc. | Published : 2020

Abstract

Good economic policymaking requires the best possible economic advice. To be an effective adviser, a policy economist needs to remain credible, even under pressure. There is a gap between theory and reality; minding the gap can help policy economists determine which theories are more likely to work as a matter of practical policymaking. Adding the human dimension makes for better decisions by casting light on how people might respond to otherwise rational policy proposals. It is not sufficient for good policy outcomes that economists confer only with their professional peers. Citizens must be persuaded that the proposed policy reform is in the best interests of the community as a whole. Good..

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University of Melbourne Researchers