The Price of Policy examines political and economic systems through the lens of incentives rather than intentions. Each episode explores how policies, regardless of their stated goals, generate predictable behavioural responses from voters, politicians, and institutions. The podcast argues that many policy failures are not accidents, but the logical outcome of misaligned incentives. It connects themes such as growth, redistribution, democracy, and state capacity into a coherent analytical framework. Drawing on real-world case studies, it shows how different systems produce different results under pressure. The core insight is that long-term outcomes are shaped less by ideas than by the rules of the game. Ultimately, the podcast offers a systematic way to understand why well-meaning policies often lead to unintended consequences.
