The Need for Humility in Policymaking: Lessons from Regulatory Policy

Featuring Stefanie Haeffele, Anne Hobson, and Chelsea Follett

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.