LSE Blog Post - Machonomics: George Osborne's Legacy to UK Macroeconomic Governance
George Osborne was a purveyor of machonomics, an approach to economic policy-making revolving around seemingly bottomless reserves of macho self-confidence. In this blog post for the LSE British Politics and Policy blog site, I argue that Osborne modelled himself in this way on the optimal policy-maker of the so-called time consistency problem of abstract economic theory.
This post showcases the analysis contained in my recent British Politics article on the same theme. It is available in open access view-only format from Springer Nature's Shared It facility.