Numbers can’t tell the whole story: A balanced approach to economic policy

Tribune Online
Numbers can’t tell the whole story: A balanced approach to economic policy

Economies are steered by the power of data. Policymakers use data-driven approaches to craft and implement reforms. However, this trend towards quantification can create limitations. While translating complex economic behaviours into mathematical models offers the promise of precision and objectivity, it can overlook the intricate realities of daily life. The recent experience of fuel subsidy […]

Numbers can’t tell the whole story: A balanced approach to economic policy
Tribune Online

​Tribune Online
Numbers can’t tell the whole story: A balanced approach to economic policy
Economies are steered by the power of data. Policymakers use data-driven approaches to craft and implement reforms. However, this trend towards quantification can create limitations. While translating complex economic behaviours into mathematical models offers the promise of precision and objectivity, it can overlook the intricate realities of daily life. The recent experience of fuel subsidy
Numbers can’t tell the whole story: A balanced approach to economic policy
Tribune Online