Introduction and comment on the discussion / by William Wallace -- Maximalism or minimalism? : Britain's European options / by David Marquand -- Comment / by Hugh Corbet -- Comment / by Bryan Gould -- Comment / by Laurens Brinkhorst -- The balance of payments and British membership of the...

Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...