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Staff Biography:
Richard LAYARD
Labour Markets
Room: R453
Tel: 020 7955 7281
Email: r.layard@lse.ac.uk
Web: cep.lse.ac.uk/layard/
Expertise: labour, unemployment, educational policy, happiness
CV available in Adobe PDF format here PDF

Richard Layard was founder-director of the LSE Centre for Economic Performance, a large research centre covering most areas of economic policy. Since 2000 he has been a member of the House of Lords.

He has written widely on unemployment, inflation, education, inequality and post-Communist reform. He was an early advocate of the welfare-to-work approach to unemployment, and co-authored the influential book Unemployment: Macroeconomic Performance and the Labour Market (OUP 1991).

From 1997-2001 he helped implement these policies as a consultant to the Labour government. He was also involved in educational policy development for the non-graduate workforce.

Happiness research
Richard Layard always thought that the ultimate aim of public policy is to make people happier. In recent years he has been actively involved in the new science of happiness, and in 2005 published Happiness: Lessons from a New Science.

Mental illness is probably the single greatest threat to a happy life, and for this reason Richard Layard is currently leading a campaign to provide within the NHS evidence-based psychological therapy for people with clinical depression and chronic anxiety disorder. The Depression Report, published in July 2006, is the manifesto for this campaign.

Finally, Richard Layard is also active in other happiness promoting policies, such as the emotional aspects of children's education, and initiatives by local authorities to monitor and improve the happiness of the population in their area.

Further information:
He founded the Employment Institute in 1985 to press for action to prevent long-term unemployment and was its Chairman from 1987-92. After Labour came to power, he was from 1997-2001 a government consultant on policies towards unemployment (including the New Deal) and towards skills.

He was Chairman of the European Commission's Macroeconomic Policy Group in the 1980s and then co-Chairman of the World Economy Group set up by WIDER. From 1991-97 he was an economic adviser to the Russian government's economic staff.

He has been on the staff of LSE since 1964. Before that he taught in a comprehensive school and was the Senior Research Officer for the Robbins Committee on Higher Education.

Selected Publications available on the web:

Selected writings:
  • Why Britain should join the Euro (jointly), Britain in Europe, London, October 2002.-

  • What the Future Holds: Insights from Social Science (edited with Richard Cooper), MIT Press, 2002

  • Tackling Unemployment, Macmillan, 1999

  • Tackling Inequality, Macmillan, 1999

  • Emerging from Communism: Lessons from Russia, China and Eastern Europe, The MIT Press, Cambridge MA 02142, 1998 (edited with P Boone and S Gomulka)

  • The Coming Russian Boom, The Free Press, 1996 (with J. Parker).

  • Britain's Training Deficit, Avebury, 1994. (edited with K. Mayhew and G. Owen)

  • Macroeconomics: A Text for Russia, Wiley, Moscow, 1994 (in Russian).

  • East-West Migration: The Alternatives, M.I.T. Press, 1992. (with O. Blanchard, R. Dornbusch and P. Krugman). Translated into Swedish and Italian.

  • Unemployment: Macroeconomic Performance and the Labour Market, Oxford University Press, 1991. (with S. Nickell and R. Jackman)

  • The Performance of the British Economy, Oxford University Press, 1987. (edited with R. Dornbusch)

  • Handbook of Labor Economics, North-Holland, 1987. (edited with O. Ashenfelter). Translated into Spanish.

  • How to Beat Unemployment, Oxford University Press, 1986. Translated into Swedish.

  • The Causes of Poverty, Background Paper No. 5, Royal Commission on the Distribution of Income and Wealth, HMSO, 1978. (with D. Piachaud and M. Stewart)

  • Microeconomic Theory, McGraw-Hill (U.S.), 1978. (with A.A. Walters). Reissued as McGraw Hill International Edition, 1987.

  • Cost-Benefit Analysis, (Harmondsworth: Penguin) with long introduction, 1972. Second Edition: Cambridge University Press, 1994. (edited with S. Glaister)

  • The Causes of Graduate Unemployment in India, Allen Lane The Penguin Press, 1969. (with M. Blaug and M. Woodhall)

  • M.Sc.(Econ.) in Economics, obtained with distinction, London School of Economics (part-time: 1965-67)
  • 1st Class Honours in History Tripos, Parts I and II, University of Cambridge (1954-57)

Selected Awards:
  • Fellow of the Econometric Society
  • Fellow of the British Academy
  • Hon D.Soc.Sci.,Brunel University

Selected Affiliations with other institutions:
  • Member, House of Lords