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Jon Murphy - Cascading Expert Failure

The market failure literature typically has discussions of: "why does bad policy exist and persist?" Various schools of thought have answered that question, but I argue that the explanations, while correct, are incomplete. In this paper, I apply the expert failure literature to the problem of economic policy discussions to show that 1) failed advice can lead other experts to give poor advice and 2) that a consequence of expert failure is that failed policy can persist even if the expert acknowledges the advice has failed. I demonstrate these conclusions with a case study on COVID-19 testing in the United States

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November 16

Mikayla Novak - Dramaturgical Wagner: Attention and Persuasion in an Entangled Political Economy

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January 18

Jonathan Plante - The Insidious Effects of the Harvey Road Propositions: The Rent Creating and Extracting State in the Post-Keynesian Fiscal Commons