Contents include: I. How Did We Get To Where We Are Now? -- The Development of the New Zealand Economy -- How Have We Done? The Economic Outcomes -- How Have We Done? The Social Outcomes -- Why Did Monetarism Get It Wrong? -- Why Has Interest Rate Policy Done So Much Damage? -- Why Is Using The Exchange Rate To Control Inflation Such A Bad Idea? -- Why Are Interest Rates No Longer Effective To Control Inflation? -- Why Have We Persisted So Long With Failed Policies? -- II. Detours, Diversions And Wrong Turnings -- The Role Of The Market -- An Independent Central Bank -- The Third Way -- A Closer Union With Australia? -- What Do We Mean By Economic Success? -- Fear Of The Unorthodox -- III. Where Do We Go From Here? -- The Battle Against Inflation -- A Macro Way To Control Inflation -- The Use of Fiscal Policy -- A More Effective Central Bank -- A Better-Focused Monetary Policy -- Tackling The Housing Market -- The Interest-Linked Savings Scheme -- Encouraging Saving -- International Measures -- The Way Forward.
Bryan Gould was born and educated in New Zealand. He won a Rhodes Scholarship in 1962 which took him to Oxford and on to a career as a diplomat in the British Foreign Office and as a law don at Oxford. He was elected to the House of Commons as a Labour Member of Parliament in 1974. After serving in both Neil Kinnock's and John Smith's Labour Shadow Cabinets, and contesting the Labour Leadership in 1992, he left British politics in 1994 to become the Vice-Chancellor of Waikato University, a post he held until his retirement in 2004. He now lives in the Bay of Plenty.