Policy bubbles: How they grow and why they matter
“One of the most common mistakes” in policymaking “revolves around using the popularity of a policy as an indirect measure of its worth,” Moshe Maor says in the current issue of Governance. This can encourage herd behavior and the growth of “policy bubbles” — a policy overreaction that builds over time, until it eventually bursts. Maor develops the concept and explains how it challenges ideas about the rationality of policymaking. Read the article. Maor also discusses his article in a recent post on London School of Economics’ British Politics and Policy blog.