• Adam Smith Institute

    Adam Smith Institute place holder
  • Philosophy & Logic

    Philosophy and Logic
  • Cambridge

    Cambridge
  • Children’s SF

    Children's Science Fiction
  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 419 other followers

Interest groups and public policy initiatives

landecon-field

In the lecture I delivered yesterday to the Department of Land Economy at Cambridge, I analysed how interest groups which perceive themselves to be losers from policy initiatives can derail reforms that would be of benefit to the country as a whole.  The interest groups might be small, but they are self-conscious, and they regard their potential loss as significant.  The general populace by contrast is not sufficiently self-conscious to see the benefits for itself from the proposals, and perceives any potential losses as relatively small.

The approach I put forward calls for careful examination of reform proposals to identify potentially hostile interest groups, and to bolt on ad hoc measures to diminish their opposition.  This can be done by removing their potential loss, by compensating them with something they perceive as more advantageous, or by calling into being countervailing interest groups to outweigh them.  Fundamentally this is the approach pioneered by the Adam Smith Institute.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: