that," said Blanchflower. The Guardian praised the findings as "one of the most devastating findings of contemporary economics". The implications, that wages are highest when unemployment is lowest and that increased unemployment drives down wages, have been suggested periodically in economics since the publication of Karl Marx's Wage-Labour and Capital. Happiness Much of Blanchflower's work has focused on the economics of happiness. He has posited a correlation between age and happiness, declining through the 20s, 30s, and 40s before increasing in retirement. He has been labelled a "happiness guru" for his ability to quantify the increase in happiness for individuals who are married or have sex frequently, work which has applications in divorce law and pharmaceutical advertising. He has been interviewed several times on NPR and New Hampshire Public Radio about his work in this area. Monetary Policy Committee Blanchflower joined the Bank of England's Monetary Policy Committee in June 2006, replacing Stephen Nickell. Before his appointment, Michael Fallon questioned his non-residency at the parliamentary Select committee on Treasury. Blanchflower attended a number of meetings by conference call. During his tenure, he voted in the minority in eighteen of thirty six meetings. He voted to maintain the interest rate in his first nine meetings, but to reduce interest rates in March 2007 and in every meeting from October 2007 through March 2009. Six other members of the MPC have served during Blanchflower's time on the MPC. Blanchflower continually voted for rate cuts. At the September 2008 MPC meeting, Blanchflower distanced himself further from consensus by voting for a 0.5% 'cut' against the other eight members' 'hold'. In the Autumn of 2008, the worldwide economic situation began to deteriorate dramatically, most clearly evidenced by dramatic falls in the values of shares worldwide. On 8 October 2008, the BOE took part in a set of simultaneously announced cuts in the policy rate of a number of major Central Banks. The MPC eventually came around to Blanchflower's view and subsequently lowered rates to levels never before seen in the Bank of England's existence and moved to do unprecedented levels of quantitative easing. In March 2009, it was announced that Blanchflower would be replaced by David Miles at the end of his term, 31 May 2009. Current work David Blanchflower is the Bruce V Rauner professor of economics at Dartmouth College, New Hampshire, part-time professor at the University of Stirling, a research associate at