Magazine article Public Finance


Magazine article Public Finance


Article excerpt

* Man reached the moon on the shoulders of Newton's Principia. For Rob Whiteman, the moon is a fi nancial management model that casts a light (

It can do that, however, only if it observes the soft-science analogues of Newtonian principles. Department of Health accountants failed to do this when they, understandably, just accepted health economists' assurance that a huge account-styled formula (plus or minus for this or that) is a principled way of measuring healthcare need in small areas; the maths was wrong.

Was the UK Statistics Authority's Ed Humpherson aware of this as he wondered why government statistics and fi nance were so disconnected ( Probably not, since it is beyond his remit to comment on any application calling for principled statistical reasoning.

It is heartening that Humpherson says he wants to strengthen the statistics/fi nance connection without mentioning the intrusive econometricians who purport to have 'policy-making' expertise.

Mervyn Stone

Emeritus professor of statistics, UCL

All claim victory in EU standoff

* If we have a referendum on an arrangement with Europe, the steadfast Europhiles will vote against any break with the EU, while hardline Eurosceptics may vote against because it doesn't make a big enough break (Defi ning Brexit, September, page 21)? …

Search by... Author
Show... All Results Primary Sources Peer-reviewed


An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.