Technocratic economic governance is a much more social and political process than many advocates of economic rules-based policy acknowledge

Clift, Ben (2022) Technocratic economic governance is a much more social and political process than many advocates of economic rules-based policy acknowledge. British Politics and Policy at LSE (07 Apr 2022). Blog Entry.

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Abstract

Analysing UK macroeconomic policy rules and their operation unearths numerous dimensions of the politics of technocratic fiscal policy-making, writes Ben Clift. Firstly, policy rules are marshalled for partisan purposes. Secondly, a politics of economic ideas surrounds the invention, revision, and interpretation of fiscal rules. Thirdly, technocratic economic governance entails selecting methodological approaches necessarily built on particular political economic assumptions. Finally, politicians cook the books to present their economic record favourably against fiscal yardsticks, thus there is an inevitable politics of technocratic economic governance.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/politicsandpolicy/
Additional Information:	© 2022 The Author
Divisions:	LSE
Subjects:	J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Date Deposited:	04 Oct 2022 13:06
Last Modified:	14 Sep 2024 03:43
URI:	http://eprints.lse.ac.uk/id/eprint/116822

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