Asked what is the key thing poor countries should do, Cowperthwaite once remarked: "They should abolish the Office of National Statistics". In Hong Kong, he refused to collect all but the most superficial statistics, believing that statistics were dangerous: they would led the state to to fiddle about remedying perceived ills, simultaneously hindering the ability of the market economy to work. This caused consternation in Whitehall: a delegation of civil servants were sent to Hong Kong to find out why employment statistics were not being collected; Cowperthwaite literally sent them home on the next plane back.(Via Natalie Solent.)
Friday, February 03, 2006
Excellent advice from the late Sir John Cowperthwaite, Financial Secretary of Hong Kong in the 1960s: