Abstract
In Febmary 1984 one of the most accomplished British economists of the post-war generation, if perhaps not among the best known, gave up the chauffeured limousine that had ferried him over the previous 11 years between his London home and the Bank of England in Threadneedle Street, and boarded the bus — the proverbial Clapham Omnibus — to start the last phase of his professional life in comparative seclusion, doing research at the National Institute of Economic and Social Research (NIESR). His influence and his relative anonymity came from devoting most of his career to public service: first, in Whitehall’s small pioneering unit of economists after the war; then, after a spell at NIESR, at the Organization for Economic Cooperation and Development (OECD) in Paris; and finally at the Bank of England, where he wrote these memoirs.
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Notes
Alec Cairncross and Nita Watts, The Economic Section 1939–61: A Study in Economic Advising (London: Routledge, 1989).
Scott Sullivan, From War to Wealth: Fifty Years of Innovation (Paris: OECD, 1997).
These arguments are set out more fully in a recent study by one of the present editors, drawing in part on ideas inspired by Dow (see C. T. Taylor, A Macroeconomic Regime for the 21st Century; Towards a New Economic Order, London: Routledge, 2011).
J. C. R. Dow and I. D. Saville, A Critique of Monetary Policy, Theory and British Experience (Oxford: Clarendon Press, 1988). Dow was assisted in this project by Iain Saville, on secondment from (and partly paid for by) the Bank, and one of its rising generation of young graduates working in the Economics Division that Dow had created.
J. C. R. Dow, Major Recessions: Britain and the World, 1920–1995 (Oxford: Oxford University Press, 1998).
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© 2013 The Estate of Christopher Dow
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Hacche, G., Taylor, C. (2013). Editors’ Introduction. In: Hacche, G., Taylor, C. (eds) Inside the Bank of England. Palgrave Studies in Economic History Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137032317_1
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DOI: https://doi.org/10.1057/9781137032317_1
Publisher Name: Palgrave Macmillan, London
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