Acknowledgements - Notes on the Contributors - Introduction; F.Hahn - What Markets can and cannot do; F.Hahn - Privatisation; K.George & E.Lynk - Financial Markets; C.A.E.Goodhart - The Foreign Exchange Market and the Effect of Currency Bands; M.Miller & P.Weller - Externalities from Education; M.Weale - Health and Markets; G.Loomes - Inflation and the UK Labour Market; S.Nickell - Index