Government and Institutions

Policy making trapped by ‘status-quo bias’

Christopher Snowdon writes for City AM

In an opinion column for City AM, IEA Head of Lifestyle Economics, Christopher Snowdon, discussed how policy making in Britain is trapped by ‘status-quo bias’, which Christopher described as “a form of small-c conservatism in which people have a preference for what they have become accustomed to even when it is clearly suboptimal from their perspective.”

Christopher argued: “the tyranny of the status quo has trapped people into campaigning for policies they would never advocate if they were looking at the issue with a fresh pair of eyes.

Read the full article here.