Watson, Matthew
(2017)
Machonomics: George Osborne’s legacy to UK macroeconomic governance.
British Politics and Policy Blog
(20 Nov 2017).
Website.
Abstract
George Osborne was a purveyor of machonomics, an approach to economic policy-making revolving around seemingly bottomless reserves of macho self-confidence, writes Matthew Watson. Here he argues that Osborne modelled himself in this way on the optimal policy-maker of the so-called time consistency problem of abstract economic theory.
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