Do economists learn the analogous message, that Return on Coordination kills economist salaries & consulting fees?
The following economics study is a very telling example.
You can see why firms would hire economists to quantify the impact of policy on given business prospects. Fine.
So why doesn't our electorate also hire economists to quantify the net impact of policy options on the general welfare of the people, and the Adaptive Rate, and the National Output, and the Net Outcomes of the USA? Largely because we aren't SETTING any Desired National Outcomes worthy of our capabilities?
And also, because all those things are beyond the scope of what economists are capable of? Because that capability requires a fully participatory democracy? It would require getting and using feedback from all people, in all disciplines?
Why isn't there a White House Council on National Outcomes?If there is a White House Council on Economics, and also Congressional Finance Committees .... then why isn't there a White House Council on National Outcomes, or Congressional Committees tasked with the same responsibility? Largely because there is no functional electorate capable of practicing Outcomes Based Democracy and Outcomes Based Policy Development?
Step #1 would be electing representatives capable of net, not just narrow, Outcomes Based policy development.
If that's not yet practiced, then Step #2 might be vetting potential policy staff in Outcomes Based Training & Education centers, analogous to various Officer Training programs currently existing in diverse public agencies.
If that seems too implausible, then Step #3 might be fundamentally altering our approach to all aspects of all forms of education, from bottom to top.
If that seems impossible, then Step #4 might be rethinking our entire approach to US Culture, what it's for, where it's going, and how to shape it's destiny.
And if that seems too difficult, then Step #5 might be a good, hard look in the mirror, to see if you really love your kids & grandchildren, and want to know HOW to actually express that love in a constructive manner.