I should like to begin the second part of the proceedings by introducing Lord Balogh to you. It would be very difficult in the time available to us if I were to try and summarise his long and distinguished career. It is hardly surprising however that he should recently have become a member of the Government charged with responsibility for looking after energy, for if one looks at a brief history of his life, activities and achievements what one is struck by most is his enormous energy. As a member of the present Government and formerly as an economic adviser to the Cabinet, and a consultant to the Prime Minister on economic affairs, he has been in the closest touch with economic policy at the highest level. This afternoon he is going to talk to us about Keynes and Bretton Woods, and I’m sure that he will be able to bring to this the learning and experience which so clearly his past indicates that he has.
KeywordsExchange Rate International Monetary Fund Full Employment Gold Price Bretton Wood System
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