The most valuable part for politicians is understanding that incentives matter, and the ideas of public choice theory, the concept of regulatory capture and the like. These don’t require any facility with numbers. They inform decision making and direct the design of institutions.
The most valuable part for politicians is understanding that incentives matter, and the ideas of public choice theory, the concept of regulatory capture and the like. These don’t require any facility with numbers. They inform decision making and direct the design of institutions.