Evaluating Public Policy: Dreaming of Parallel Earths

How do you decide if a public policy that’s been implemented is actually working? It’s unfortunately quite a bit harder than it looks.

You could take a simplistic approach and just look at what happens – if the desired outcome is reach, you declare victory and move on. Much of public policy evaluation, at least as politicians and the man on the street are wont to take it, tends to be of this variety.

And if things don’t turn out as well as expected, that’s when the fingers start pointing and public discussion heats up again.

The problem is that, from an economics standpoint it’s really not that simple.

Read more at ECONOMICS MALAYSIA.

Source: MOLE