The 364 economists: ten years on

Sir Geoffrey Howe

Fiscal Studies, 1991, vol. 12, issue 4, 92-108

Abstract: This is a text of a lecture given at the Annual General Meeting of IFS on 20 May 1991. At the time when I selected the title for this talk, now many months ago, I could hardly have expected the circumstances of 1991 to produce quite such a striking match as they have for those of 10 years ago. There are many differences, of course. But in each case the Chancellor was sticking to a predetermined and well-advertised discipline for the fight against inflation: in my case, in 1981, the MTFS, and in Norman Lamont's, the ERM. In each case the Chancellor was subjected to fierce academic criticism on grounds of principle as much as practice.

Date: 1991
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