Covid-19 and the Economy at Blavatnik School of Government

Interesting comments by John Kay on the ‘radical uncertainty’ during the time of Covid-19 pandemic; importance of robustness and resilience through modularity and redundancies. Others commented on challenge of calibrating both health and economic policy and the importance of strong continuous feedback loop with government and businesses.

“A good dentist is someone who can improve the health of the patient while avoiding unnecessary pain, not someone who produces a new theory or model of dentistry. There is no such thing as a general theory of dentistry, but there is a large store of practical knowledge to which dentists have access. An accomplished dentist is one who identifies the source of the patient’s problem — ‘What is going on here?’ — and draws effectively on old and new techniques from that store of knowledge to relieve that problem. A great contributor to dentistry, like Brånemark, develops a new technique of wide practical application.”

— Radical Uncertainty: Decision-Making Beyond the Numbers

Related;

EVIDENCE IN PUBLIC POLICY ONLINE COURSE