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Acknowledgements Introduction BRITAIN Public Expenditure and the British Economy (with Robert Bacon) The Key to Higher British Living Standards Closing the British Competitiveness Gap (with David Higham) The Political Economy of British Foreign Direct Investment EUROPE Europe's Unemployment Crisis The IT Revolution and European Employment The Lessons for Britain and for Europe from the Success of German Counter-Inflation Policy EMU The Creation and Destruction of EMU Further Considerations on EMU: It will Create Instability and Destroy Employment HISTORICAL LESSONS John Locke and the Establishment of a Secure Currency Debt, Deficits and Default France's Free Market Reforms in 1774-76 and Russia's in the 1990s: The Immediate Relevance of the Abbé de Condillac's Analysis References Index