Applying the Dismal Science

CHRISTOPHER ALLSOPP Fellow of New College, and Reader in Economic Policy, Oxford University, UK ED BALLS MP for Normanton, UK since 2005 and formerly Chief Economic Adviser to the Treasury, 1997-2004 SIR ALLAN BUDD Formerly Chief Economic Adviser to the Treasury, 1991-1997 SIR CHRISTOPHER FOSTER Professor of Economics, and a Special Advisor on Transport and Local Government Finance PETER JAY Formerly Chief Economics Correspondent, The Times, UK Ambassador to the USA and Economics Editor, BBC, UK PAUL KLEMPERER Edgeworth Professor of Economics, Oxford University, UK MARK H. ROBSON Formerly Economic Adviser to the Board of Inland Revenue, 1985-90, Principal Administrator in the Fiscal Affairs Division of the OECD 1993-5, and Senior Manager at the Bank of England, UK, 1995-2003 MARTIN WOLF Associate Editor and Chief Economics Commentator, Financial Times