The question that I want to address is whether it is possible to find some political invisible hand to reconcile the 'good' with the 'popular'. I ask this question because I believe the recently concluded general elections have signalled that whilst 'popular' economics does bring short-term dividends the voter is, in fact, looking for durable long term benefits.
The Public Choice School of economists have a glaringly simple explanation for why politicians and bureaucrats often frustrate good economics.