Economic History and the Policymaker

Tim Leunig
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Tim Leunig: UK Government

Chapter 5 in An Economist’s Guide to Economic History, 2018, pp 41-45 from Palgrave Macmillan

Abstract: Abstract Politicians, and the officials who serve them, live in the present. But making good policy requires an understanding of the past. History is important when making economic policy, because economics has many regularities that can be understood, and which yield useful predictions. This chapter, written by a senior policy advisor to the UK government, argues that historical knowledge is of particular importance to prepare for large and uncommon events, and to assess whether or not “this time is different”.

JEL-codes: A22 F13 N40 N70 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-96568-0_5

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DOI: 10.1007/978-3-319-96568-0_5

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