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What it feels like to tackle a crisis

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  • Andy Ross

    (Deputy Director - Government Economic Service and Government Social Research Service)

Abstract

The UK Government Economic Service is briefly described and the day-to day work of its members is contrasted with that of academic researchers. It is observed that in government economics is about «dilemmas rather than lemmas» and that a close watch and good judgement, informed by history as well as the latest in economics, is more important than any particular model. A humorous metaphor is used to illustrate how academic advice can often feel to policy makers. The conclusion is a call for the discipline to give more emphasis to equipping ‘professional practitioners’ and to confess with humility and tolerance the limits of our knowledge.

Suggested Citation

  • Andy Ross, 2011. "What it feels like to tackle a crisis," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 19(2), pages 177-190.
    • Handle: RePEc:hid:journl:v:19:y:2011:2:10:p:177-190
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