Public lecture video by Institute of Contemporary Asian Studies (ICAS). This lecture was held on August 26, 2016. Speaker was Paul Scalise, Senior Research Fellow at the IN-EAST Institute of Advanced Studies, University of Duisburg-Essen, Germany, and Research Director of its Innovations in East Asian Energy and Low-Carbon Policy division.
Since the tragic events of the triple earthquake-tsunami-nuclear meltdown in March 2011, academic and market practitioners have increasingly tried to understand the past and predict the future. Who controls whom? How do policies change? Why do decision-makers sometimes fail to prevent conceivable tragedies and correct market inefficiencies? The conventional wisdom—both in much of the political economy literature and in journalistic writing—commonly suggests the “politics of interests.” Drawing heavily on microeconomic theory, analysts widely assume rational, goal-oriented actors attempting to fashion public policy in the pursuit of their own material self-interest.