‘The End of a Perfect Day’: ‘Horses for Courses’ and Policy Proposals

Geoffrey Harcourt

Chapter 1 in Selected Essays on Economic Policy, 2001, pp 3-20 from Palgrave Macmillan

Abstract: Abstract When you approach the end of the official stretch of your professional life, you are able to impose far more structure and meaning on what you have done than when you actually did it! So I try to present in this essay a précis of the relationships I have developed over the years between my political and religious beliefs, how I have learnt and done economics, and the rationale these have provided in turn for the various policy proposals I have made over the past 40 years and more. By ‘horses for courses’, I mean an approach which is situation-specific. That is to say, it invokes no preconceived ideas or general theory about the underlying structural relationships and their interrelationships. It is the approach of Kalecki rather than of Friedman.

Keywords: Trade Cycle; Full Employment; Policy Proposal; Income Policy; Oxford Economic Paper (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51056-2_1

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DOI: 10.1057/9780230510562_1

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