Charles Goodhart
Encyclopedia
Charles Albert Eric Goodhart, CBE
, FBA (born 23 October 1936) is an economist. He was a member of the Bank of England
's Monetary Policy Committee
from June 1997-May 2000 and a professor at the London School of Economics
(1985–2002, Emeritus Professor since 2002). He is the developer of Goodhart's law
, an economic law named after him. He is the son of Arthur Lehman Goodhart
.
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...
, FBA (born 23 October 1936) is an economist. He was a member of the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
's Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
from June 1997-May 2000 and a professor at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
(1985–2002, Emeritus Professor since 2002). He is the developer of Goodhart's law
Goodhart's law
Goodhart's law, although it can be expressed in many ways, states that once a social or economic indicator or other surrogate measure is made a target for the purpose of conducting social or economic policy, then it will lose the information content that would qualify it to play that role...
, an economic law named after him. He is the son of Arthur Lehman Goodhart
Arthur Lehman Goodhart
Arthur Lehman Goodhart, KBE, KC was an American-born British academic jurist and lawyer; he was professor of jurisprudence, University of Oxford, 1931–51, when he was also a Fellow of University College, Oxford...
.
Education
- Eton CollegeEton CollegeEton College, often referred to simply as Eton, is a British independent school for boys aged 13 to 18. It was founded in 1440 by King Henry VI as "The King's College of Our Lady of Eton besides Wyndsor"....
- Trinity College, CambridgeTrinity College, CambridgeTrinity College is a constituent college of the University of Cambridge. Trinity has more members than any other college in Cambridge or Oxford, with around 700 undergraduates, 430 graduates, and over 170 Fellows...
(scholar; 1st Cl. Hons Econs Tripos) - HarvardHarvard UniversityHarvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
Graduate School of Arts and Sciences (PhD 1963).
Career
- National Service, 1955-57 (2nd Lieut KRRC)
- Assistant Lecturer in Economics, Cambridge University, 1963–64
- Economic Adviser, DEA, 1965–67
- Lecturer in Monetary Economics, London School of EconomicsLondon School of EconomicsThe London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
, 1967–69 - Bank of EnglandBank of EnglandThe Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
:- Adviser with particular reference to monetary policy, 1969–80
- A Chief Adviser, 1980–85
- External Member, Monetary Policy Committee, 1997–2000
- Member, Advisory Committee, Hong Kong Exchange Fund, 1990–97
- Norman Sosnow Professor of Banking and Finance, 1985–2002, now Emeritus Professor, and Member, Financial Markets Group, since 1987, London School of Economics