Tim Congdon is an economist and businessman. He was a member of the Treasury Panel of Independent Forecasters (the so-called ‘wise men’) between 1992 and 1997, which advised the UK’s Chancellor of the Exchequer on economic policy. He founded Lombard Street Research, one of the City of London’s leading economic research and forecasting consultancies, in 1989, and was its Managing Director until 2001 and its Chief Economist from 2001 to 2005. He was an honorary professor at Cardiff Business School from 1990 to 2005 and is currently a visiting research fellow at the Financial Markets Group, the London School of Economics. His latest book Keynes, the Keynesians and Monetarism was published by Edward Elgar Ltd in September 2007. He was awarded the CBE in 1997 for services to economic debate.