Machine generated contents note: Notes on contributors vii -- Foreword xiii -- THE RT HON THE LORD MAYOR, ALDERMAN DAVID HOWARD -- 1 Introduction: twenty-five years of monetary policy 1 -- FORREST H.CAPIE AND GEOFFREY E.WOOD -- PART I 13 -- 2 Reflections on the conduct of monetary policy 15 -- THE RT HON GORDON RICHARDSON -- 3 Objectives of monetary policy: past and present 29 -- LORD ROBBINS OF CLARE MARKET -- 4 The fight against inflation 42 -- THE RT HON SIR GEOFFREY HOWE QC MP -- 5 The instruments of monetary policy 59 -- THE RT HON ROBIN LEIGH-PEMBERTON -- 6 Monetary policy in Britain and Europe 70 -- EDDIE GEORGE -- 7 Financial and monetary integration: benefits, -- opportunities and pitfalls 78 -- PROFESSOR DR DR h.c.HANS TIETMEYER -- PART II 91 -- 8 The British experiment 93 -- THE RT HON NIGEL LAWSON MP -- 9 The economic framework for New Labour 103 -- THE RT HON TONY BLAIR MP -- 10 The conditions for full employment 123 -- THE RT HON GORDON BROWN MP -- PART III 137 -- 11 Benefits and costs: securing the future of social security 139 -- THE RT HON PETER LILLEY MP -- 12 The changing world of work in the 1990s 153 -- THE RT HON KENNETH CLARKE QC MP -- PART IV 165 -- 13 Some presumptions of economic liberalism 167 -- SIR SAMUEL BRITTAN -- 14 Markets, governments and virtues 185 -- CHIEF RABBI JONATHAN SACKS -- Appendix: list ofMais Lectures 1978-2000 195 -- Index 197.