*  *  *  Ladies and gentlemen, First of all let me express my gratitude for being invited today by the Daiwa Anglo-Japanese Foundation to give the Lord Roll Memorial Lecture in front of such a distinguished audience. Throughout his extraordinary life, Lord Roll embodied the classic virtues of an outstanding international negotiator and a sophisticated economist.
He held many influential appointments at the heart of international affairs – both as a public servant and a merchant banker. At the same time, Lord Roll was also a remarkably accomplished thinker, a philanthropist, and – not least – the author of an important book reflecting on two hundred years of economic thinking.