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Economic History and the Policymaker

  • Tim Leunig
Chapter
Part of the Palgrave Studies in Economic History book series (PEHS)

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 Classification

A22 F13 N40 N70 

Reading List

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Tim Leunig
    • 1
  1. 1.Department of Environment, Food and Rural AffairsUK GovernmentLondonUK

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