This makes a huge amount, so depending on the number you're baking for/how hungry they are/how many they can shove in their mouth at one time, you can adjust the quantities - halving it is pretty simple (even more so with a calculator...). The 1950's alternative is to go for the whole caboodle and keep half the dough in the freezer ready to whip out, roll out and pop into the oven at the drop of a bowler hat. Then, sit back (or very upright with your cup, saucer and little finger out) and revel in the ease of the domination of domesticity.
175g Softened Butter
200g Caster Sugar
2 Eggs
1 Tsp Vanilla Extract
400g Plain Flour (Plus Extra for Rolling)
1 Tsp Baking Powder
1/4 Tsp Salt
Cream the butter and sugar together well, until paler in colour, then gradually beat in the eggs and vanilla - add a bit of the flour if it curdles. Sift together the flour, baking powder and salt into the butter/sugar/egg mixture and bring it all together to make a dough. Try to handle/knead it as little as possible. Wrap it in cling film let it have a half hour nap in the fridge in a cling-film blanket before waking it up with the back of a rolling pin and the cookie cutters of your choice. Bake for about ten minutes at 180 degrees on a greaseproof paper lined baking sheet (definitely necessary here unless you want to spend a good few hours icing crumbs together) until just turning nicely golden brown.
Icing: a nice thick water icing (AKA a mixture of icing sugar and a liiiittle bit o' water) does nicely.
Variations: This is the basic/original recipe and while it does not really require a variation, sometimes it's nice to mix things up a bit. Add a bit of lemon or orange zest to the dough, or use almond extract or orange water instead of vanilla extract. The icing can be varied too with the use of extracts or juices instead of water and the addition of food colouring. Although I haven't tried these (yet), I also can't see anything wrong with adding nuts, dried fruit or chocolate to the dough... The possibilities may, or may not be, endless.