How much does he earn?: No 49: Patrick Minford.

Age: 51.

Salary: As Edward Gonner Professor of Applied Economics at the University of Liverpool, he picks up a salary in excess of pounds 30,000. He adds to this the pounds 125 for each of the meetings he attends as an economics advisor to the Treasury and also earns about pounds 250 a time for the regular columns he writes for the Daily Telegraph.

Hours: Averages about 60 per week. A typical week involves three days teaching in Liverpool, one in Cardiff, where he is visiting professor at the Cardiff Business School, and one in London with the Treasury. In addition, he acts as a consultant to the Monopolies and Mergers Commission and speaks at conferences at home and abroad.

Perks: Fame, as one of Baroness Thatcher's favourite economists.

Travel: As a leading guru of monetarist economics, he is invited on expenses-paid trips to conferences world- wide.

Education: Winchester College and Balliol, Oxford.

Interests: Walking and opera. He is a director of the Welsh National Opera.

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