15 JUNE 1985, Page 19

Chair for Charles

IT WAS Charles Goodhart who taught us that, in the jungle of money, the anthropo- logists may watch the savages, but are apt to get their answers wrong once the sav- ages start observing the anthropologists. That was always a salutary caution from the Bank of England's chief adviser on monetary policy. Now he is leaving the Bank, for the newly created Norman Sos- now chair of money and banking at the London School of Economics, and the Bank has no firm plans to appoint a successor. Is that a sign of anti-monetarist times? No: it just means (or so they say at the Bank) that Charles looks irreplaceable.