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Comments on: Discussion Tuesday http://www.tvhe.co.nz/2014/03/11/discussion-tuesday-9/ The Visible Hand in Economics Tue, 11 Mar 2014 00:01:32 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Discussion Tuesday » Official Socialist Webzine http://www.tvhe.co.nz/2014/03/11/discussion-tuesday-9/#comment-42811 Tue, 11 Mar 2014 00:01:32 +0000 http://www.tvhe.co.nz/?p=10669#comment-42811 […] By Matt Nolan […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2014/03/11/discussion-tuesday-9/#comment-42810 Mon, 10 Mar 2014 22:20:00 +0000 http://www.tvhe.co.nz/?p=10669#comment-42810 In reply to Elinor_Dashwood.

Agreed. I’ll be honest I actually starting laughing when I first read that quote – I think the author got a touch ahead of themselves 🙂

Although I’ll add that it could have policy relevance – in fact I would argue a lot of people are trying to use new ideas of the mind to determine policy, often in a partial way. I am touching more on this idea tomorrow ….

]]> By: Elinor_Dashwood http://www.tvhe.co.nz/2014/03/11/discussion-tuesday-9/#comment-42809 Mon, 10 Mar 2014 21:52:00 +0000 http://www.tvhe.co.nz/?p=10669#comment-42809 What this new endeavour will tell us is what we already know. Confronted with any policy initiative – spending, taxing, regulating, advising, nudging – different people will react differently, and therefore the policy will be partly successful in delivering its intended results but will also have unintended consequences. It might enable us to get better at predicting what is likely to be the response of a specified individual about whom we already know everything, but this is of little use for public policy making

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