Domestic Economy
0

Systematic Error in Housing Policymaking

Systematic Error in  Housing Policymaking
Systematic Error in  Housing Policymaking

According to economic reasoning, human error is natural but systematic, repeated mistakes are against the principle of rationality. By extension, it is not strange if governments and organizations adopt a misguided policy, but repeatedly adopting that same wrong policy is questionable. This indicates a systematic lack of organizational understanding, Ali Sarzaeem, an economist, prefaced his write-up for the Persian economic daily Donya-e-Eqtesad with this note. A translation of the text follows: 
For decades now, housing policymakers have been trying to curb prices without any success. Three wrong policies have been applied in this regard, but none of them has produced the desired result. Nevertheless, the political system continues to pursue them. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com