Book Forum

The Need for Humility in Policymaking: Lessons from Regulatory Policy

(Rowman & Littlefield, 2019)

December 2, 2019 12:00 PM to 1:30 PM EST

Hayek Auditorium, Cato Institute

Featuring editors Stefanie Haeffele, Senior Research Fellow, Mercatus Center, George Mason University; Anne Hobson, Academic Program Manager, Mercatus Center, George Mason University; moderated by Chelsea Follett, Policy Analyst, Cato Institute, and Managing Editor, Human​Progress​.org.

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In The Need for Humility in Policymaking: Lessons from Regulatory Policy, economists Stefanie Haeffele and Anne Hobson argue that thoughtful policy analysis and policymaking require an acknowledgment of the challenges that politicians and regulators face when intervening in a complex and changing society. The book seeks to cultivate an appreciation for the complexity of human decision making and the incentives that drive human behavior. In the edited volume, 12 scholars provide case studies examining the effects of regulations in diverse policy areas, including financial markets, computer and internet governance, and healthcare innovation and delivery. Each chapter explores regulatory hubris and subsequent unintended consequences of policy interventions. Please join the book’s editors for a conversation on the importance of humility in designing regulations and launching new policy initiatives.