Question
One of the biggest frustrations of economists, sociologists and government officials who work in developing nations is that people don't always do what's in their
One of the biggest frustrations of economists, sociologists and government officials who work in developing nations is that people don't always do what's in their best interests. They don't choose to make themselves worse off, that is, but their personal objectives may be different from what policymakers think is best for them and the community, or they may be ill-informed about the costs and benefits of various courses of action, or there are externalities they don't consider, or the implicit prices (the value) they attach to various outcomes are not in line with those of the experts. Still, it's the job of government and its advisors to find ways to move forward.
Consider two extremes: Esther Duflo (the Nobel prize winning economist who runs the Poverty Action Lab at MIT among other things) and Scott Morrison (the current Prime Minister of Australia). These two people would have, I think, very different approaches to solving the problem of #Miamimorons. You see, Miami opened its beaches last weekend so residents could get fresh air and exercise. People were told to keep to social distancing and be safe, but it was clear their warnings were lost on the crowds that descended on the city's beaches.
Whose approach would you adopt in the midst of an uncontrolled pandemic, or maybe, which elements of these two people's signature styles would you adopt if you were the mayor of Miami, and why?
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