Government Experimentation
The discussion centers around the challenges of incentives and information in both markets and government. Emphasizing the importance of experimentation, it suggests that governments should embrace trial and error to improve outcomes, even if it means making mistakes along the way. The conversation critiques the notion that institutional design can be easily fixed, arguing that real-world complexities make such changes far more challenging.In this clip
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EconTalk
Michael Munger on Industrial Policy
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