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Blog - January 2011

Planning Curses

'Planning Curses' is the title of a paper by the economist Bridget Rosewell, published by think tank Policy Exchange, which challenges conventional approaches to justifying investment in infrastructure. Economic models are too complicated and have a poor track record; and welfare analysis as the basis for benefits means little to those affected by investments - for instance the notional travel time savings from transport investments. 

Bridget Rosewell wants us to pursue projects on the basis of their contribution to the economy, not to 'welfare', with business cases which engage business; and to use long-term frameworks for thinking about the future, rather than plans or blue-prints.

A stimulating critique of the standard approach.

 

Posted on 03 of January 2011

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