PARLIAMENTARY EARLY DAY MOTION
CARDIFF BUSINESS SCHOOL AND PROFESSOR PATRICK MINFORD (25 January 1993)

That this House deplores the ú250,000 grant made over five years by the Cardiff Business School to Professor Patrick Minford of the University of Liverpool to study the Welsh economy; considers that these resources would be far better spent in building up real expertise in regional economic forecasting, than in bailing out a failed monetarist who has lost his ú100,000 a year Economic and Social Research Council funding and whose main function in the 1980s was to give a cloak of academic respectability to Thatcherism as a system of monetarist political economy, which did such devastating damage to the Welsh economy in that decade; and finds totally ludicrous the Cardiff Business School's assertion that Professor Minford's research work in Cardiff 'should provide a major input into policy decisions relating to the Welsh economy', an area of policy-making in which Professor Minford is singularly unqualified and from which he should be kept at a safe distance.

Sponsored by:
Mr Rhodri Morgan (Labour)