Patrick Minford CBE has been Professor of Applied Economics, Cardiff Business School, Cardiff University since October 1997. Between 1967 and 1976 he held economic positions in the Ministry of Finance, Malawi; Directors' staff, Courtaulds Limited; H M Treasury; H M Treasury's Delegation to Washington, DC; Manchester University; The National Institute for Economic and Social Research. From 1976-1997, Patrick Minford was professor of economics at Liverpool University. He was a member of Monopolies and Mergers Commission 1990-96 and one of the H M Treasury's Panel of Forecasters ('Six Wise Men') 1993-1996. He is author of many books and articles on exchange rates, unemployment, housing and macroeconomics.