21 de agosto de 2009

Real policy life

Two quotes from Hard Heads, Soft Hearts: Tough-Minded Economics for a Just Society:

Murphy's Law of Economic Policy: Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree the most.

O'Connor's Corrollary: When conflicting economic advice is offered, only the worst will be taken.

...