THE PRINCE

School of Leadership in Political Economy.

– Lecture 1: How to get more than half billion people out of poverty just under forty years (Detailed explanation year-by-year policy)

– Lecture 2: How to test what political and economic system that success and fail (Learn from natural experiments involving more than one hundred and five million Caucasian, Asian and African people)

– Lecture 3: Who are 37 leaders that successfully transformed their country from poor to wealth in the last one hundred fifty years and what they’ve done in common. What can you learn from those great leaders.

– Lecture 4: How private sector made 1.3 million people escape poverty, even they live in the middle of nowhere and most of them are even not graduate from high school

– Lecture 5: What is failed recipe to make a country prosper (learn from other fails, so you don’t repeat those failures)

– Lecture 1: How to cut price and increasing jobs opportunity at the same time in an industry (learn from monumental but little known law in North America)

– Lecture 2: How to grow industry and conquer the world with almost doing nothing (learn from Japanese experience and the waste and success they made for thirty years)

– Lecture 3: How to tame inflation (what Weimar Republic and unknown country in Africa doing same thing)

– Lecture 4: How to analyze healthcare subsidize (learn from eight years experiment from almost four thousand random people in the US)

– Lecture 5: How to create sustainable seventy thousand jobs (learn from country in South East Asia)

– Lecture 6: How four advanced countries experience debunk myth about high tax

– Lecture 1: The Great Exodus: What is the effect of migration of 70 million people during 40 years to employment, wages and the wealthy of ordinary farmers

– Lecture 2: What data show about labor law in 19 OECD countries and how they affect employment

– Lecture 3: What 44 research show about Minimum Wage Law from all over the world (Their samples combined are more than hundreds thousand workers)

– Lecture 4: A regular survey of more than one thousand economist show that they have one recipe in common and how you can learn from that

– Lecture 1: How to save forest, elephant and air (Learn from one of the most sustainable forest country in the world, largest elephant survey undertaken ever and hundred of weather stations in USA)

– Lecture 2: What is the safest, cleanest and cheapest source of energy and how to maintain it

– Lecture 3: How to build and maintain good roads without adding more inspectors and auditors

– Lecture 4: A delicate research spent 7500 hours show how special strategy of police placement will reduce crime

– Lecture 5: What lesson from great survey of 54,000 people from all over the world show you how to effectively combat corruption

Lecture 1: The Meaning of Public Policy

Don’t confuse with complex definition. Public policy at heart is very simple. It is “whatever governments choose to do or not to do.”

Lecture 2: Comprehensive Cost and Benefit Analysis

A rational approach to policy evaluation tries to calculate the net between all the costs and benefits, in both resent and future, for targeted group and also non targeted group. You will learn this important tool by analyzing sugar import policy in the US.

Lecture 3: Advocatus Diaboli

Playing advocatus diaboli or ‘the devil’s advocate’ entails adopting a contrary perspective or posing objections to a claim purely for the sake of discourse. It’s not necessary to personally endorse the viewpoints or objections presented; rather, the aim is to stimulate discussion and elucidate issues by presenting differing viewpoints.

Lecture 4: Difference-in-Difference

Among four designs to evaluate public policy or program, difference-in-difference is the best. It compares between control and experimental group, before and after policy or program implementation.

Lecture 5: Long Division

In every policy analysis, choose your output correctly. For example, in the case of vaccinations, the goal is not to deliver as many vaccines as possible, but to prevent death and severe illness due to the infectious disease. This careful definition output will have huge impact in your work.

Lecture 6: Bayesian Updating

Good leader must think realistically. The key element of realistic thinking is the willingness to update your probabilities, and doing so appropriately in response to new information. When fact change, change your opinion. Dogma and fanatics are for fool. 

Lecture 7: Pritchett Acid Test

Despite various program has “successful impact”, Lant Pritchett raised important issue. He asked, “Is your impact evaluation asking question that matter?” Yes, maybe your program is impactful, but is it really matter? Is this really the one which cause a nation prosper?

Lecture 8: Practical Guidance to Run A Government and A Country

Genius things often simple. In public policy. maximize freedom, minimize coercion. Taxpayer’s money is spent unwisely because it is nobody’s money. Use seven universal moral values to judge which one is sound or terrible policy.