Ten Lessons for Economic Policymakers*

IF 0.9 Q3 ECONOMICS Economic Papers Pub Date : 2024-03-23 DOI:10.1111/1759-3441.12409
Andrew Leigh
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Abstract

Economists have played a powerful role in shaping modern Australia. Drawing on my experience as an academic economist and an economic policymaker, I outline ten principles to guide economists seeking to maximise their impact. These are to (i) Focus on well-being, not just dollars; (ii) Think comparative advantage; (iii) Ignore sunk costs; (iv) Optimise, subject to constraints; (v) Use the best evidence; (vi) Consider expected value; (vii) Think in magnitudes, not just in signs; (viii) Channel a libertarian; (ix) Remember equity; and (x) Incentives matter.

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给经济政策制定者的十个教训*
经济学家在塑造现代澳大利亚的过程中发挥了强大的作用。根据我作为一名学术经济学家和经济政策制定者的经验,我概述了十项原则,以指导经济学家寻求最大限度地发挥其影响。这些原则是:(i) 关注福祉,而不仅仅是美元;(ii) 考虑比较优势;(iii) 忽视沉没成本;(iv) 在限制条件下进行优化;(v) 使用最佳证据;(vi) 考虑预期价值;(vii) 从数量而不仅仅是符号的角度考虑问题;(viii) 引导自由主义者;(ix) 牢记公平;以及 (x) 重视激励。
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来源期刊
Economic Papers
Economic Papers ECONOMICS-
CiteScore
2.30
自引率
0.00%
发文量
23
期刊介绍: Economic Papers is one of two journals published by the Economics Society of Australia. The journal features a balance of high quality research in applied economics and economic policy analysis which distinguishes it from other Australian journals. The intended audience is the broad range of economists working in business, government and academic communities within Australia and internationally who are interested in economic issues related to Australia and the Asia-Pacific region. Contributions are sought from economists working in these areas and should be written to be accessible to a wide section of our readership. All contributions are refereed.
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