Quote

Forget the consultants, the pundits and the pollsters; good policy is good politics.

Everybody makes personal decisions that are right for them and if you're in political life, you're used to having those analyzed.

Good policy makes good politics and what I've done has been good politics.

One of the best predictors of policy around is Thomas Ferguson's investment theory of politics, as he calls it - very outstanding political economist - which essentially - I mean, to say it in a sentence, he describes elections as occasions in which groups of investors coalesce and invest to control the state.

And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.

The level of analysis that is done when you see laws created, whether it's the city or state or federal level - it's much more horse-trading than analysis.

It is not always what we know or analyzed before we make a decision that makes it a great decision. It is what we do after we make the decision to implement and execute it that makes it a good decision.

It's really important when we're writing our opinions to be transparent about what our decision method in the case is and how we get from Point A to B to C in the analysis.

In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work.

In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.