ILLUSIONS OF POLICY FORMATION
1. “PEOPLE CAN BE MADE TO CHANGE”
“Men are not able radically to cure either themselves or others, that narrowness of soul which makes them prefer the present to the remote. They cannot change their natures. All they can do is to change their situation”. David Hume.
2. “MARKET FAILURE MAKES GOVERNMENT ACTION
Hume on the Public Goods Problem
The Market Approach to Removing Negative Externalities
3. “GOVERNMENTS ARE MORE FAR-SEEING THAN THOSE THEY REPRESENT”
Public Choice Analysis and SD Policies