Charles Goodhart

Charles Albert Eric Goodhart, CBE, FBA (born 23 October 1936) is a British economist. He was a member of the Bank of England's Monetary Policy Committee from June 1997 to 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,[1][2][3][4] and the brother of William Goodhart and Sir Philip Goodhart.[5]

Charles A. E. Goodhart
Goodhart delivers the keynote address during the 2012 Long Finance conference in London
Born (1936-10-23) 23 October 1936
NationalityBritish
Institutions
Alma mater
ContributionsGoodhart's law

Education

Goodhart attended Eton College, followed by Trinity College, Cambridge, at which he was a scholar with First Class Honours in Economics Tripos. He went on to Harvard Graduate School of Arts and Sciences, where he gained a PhD in 1963.

Career

From 1955 to 1957, Goodhart completed his National Service, in which he was a 2nd Lieutenant with the King's Royal Rifle Corps. From 1963 to 1964, he was an Assistant Lecturer in Economics at Cambridge University. This was followed by a stint as an Economic Adviser at the Department of Economic Affairs (UK) from 1965 to 1967, under the Labour government of Harold Wilson. In 1967, Goodhart became a lecturer in Monetary Economics at the London School of Economics, staying until 1969.

He was an adviser at the Bank of England from 1969 to 1980, with particular reference to monetary policy. He was subsequently a chief adviser from 1980 to 1985. In 1997, he became an External Member of the Monetary Policy Committee in 1997, staying in the role until 2000.

From 1990 to 1997, Goodhart was a member of the Advisory Committee at the Hong Kong Exchange Fund. Meanwhile, he was Norman Sosnow Professor of Banking and Finance at the London School of Economics from 1985 to 2002, and has been an Emeritus Professor since then. He has also been a member of the Financial Markets Group at the LSE since 1987.[6]

He is a Fellow of the British Academy.[7]

Selected works
  • Goodhart, Charles (1988) The Evolution of Central Banks
  • Ferran, Eilís; Goodhart, Charles A. E., eds. (2001). Regulating Financial Services and Markets in the 21st Century. Oxford: Hart Publishing. ISBN 978-1841132792.
  • Goodhart, Charles (2001) "What Weight Should Be Given to Asset Prices in the Measurement of Inflation?" Economic Journal 111 (June): F335–56.
  • Goodhart, Charles (2010) "Is a less pro-cyclical financial system an achievable goal?" National Institute Economic Review 211, pp. 81–90
  • Goodhart, Charles (2010) "The Regulatory Response to the Financial Crisis"
  • Goodhart, Charles & Pradhan, Manoj (2020) "The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival" [8]

References
  1. "Charles Goodhart". ineteconomics.org. Archived from the original on 10 November 2013. Retrieved 14 November 2013.
  2. "Charles A.E. Goodhart". voxeu.org. Archived from the original on 26 December 2013. Retrieved 14 November 2013.
  3. "Charles Goodhart". topics.bloomberg.com. Archived from the original on 26 July 2013. Retrieved 14 November 2013.
  4. Charles Goodhart (1997). "Economics and the Law: Too Much One-Way Traffic?". Modern Law Review. 60. doi:10.1111/1468-2230.00063.
  5. "The Great Demographic Reversal". London School of Economics and Political Science. Retrieved 19 November 2020.
  6. "Professor Charles Goodhart FBA". The British Academy. Retrieved 19 November 2020.
  7. "The Future Of Ageing Societies Will Be Nothing Like The Past". The Z/Yen Group. Retrieved 19 January 2021.
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