This book - now in its fifth edition - contains thoroughly revised chapters dealing with the ideas and writers of the first 200 years of the subject, and has incorporated any significant new material. The later sections dealing with the last 50 years or so have been much expanded and updated in the light of current developments relating particularly to controversies on economic policy. Most recent developments, such as the "new classical macroeconomics", including the theory of rational expectations, have also been taken into account.
Lord Roll was born in Austria and came to England in 1925. After a distinguished academic career he served in the Ministry of Food and the Treasury; in Whitehall, Washington and Paris. He was involved in Lend-Lease, the Marshall Plan, NATO, and the first Brussels negotiations. He ended his Civil Service career as Permanent Under-Secretary of State of the Department of Economic Affairs. Since 1966 he has been active in the City as an investment banker and is now President of the Warburg Group.