Critiques of orthodox economics have proliferated in recent times, but often these critiques are not translated into alternative principles for policy-making. The Centre for Policy Development is working towards an alternate economic framework - one which moves beyond the ‘small government vs big government' debate and provides the basis for consistent policy-making across portfolios.

Much of the thinking that informs current government policy is based on outdated or oversimplified economic theory — recent developments (for example in behavioural economics) have not been taken into account. We need to incorporate a broader, more balanced view of human nature into the economic principles that underpin policy development.