Mark Hayes is an Honorary Fellow in the Department of Theology and Religion and the former holder of the St Hilda Chair in Catholic Social Thought and Practice at Durham University. Please also visit his Durham University website.

He was formerly Fellow and Director of Studies in Economics at Robinson College and an Affiliated Lecturer in the Faculty of Economics, in the University of Cambridge. You can also visit his Cambridge University website. His non-academic background is in finance, as an investment manager at 3i, and as principal founder and Managing Director (1990-99) of Shared Interest, a financial co-operative supporting the Fair Trade movement.

He was formerly the Secretary of the Post-Keynesian Economics Society (PKES, then PKSG) and a Trustee of the Association for Social Economics.

In his role at Durham he is applying the skills of an economist to the task of translation of the principles of Catholic Social Thought into policy. He recently completed a project on Company Law reform with the Centre for Catholic Social Thought and Practice.

Policy Documents

2017. Response to Green Paper on Corporate Governance Reform, Department of Business, Energy and Industrial Strategy.

2016. Submission to BEIS Select Committee Corporate Governance Inquiry, House of Commons.

2013. The Capital Finance of Co-operative and Community Benefit Societies, Co-operatives UK.

Selected podcasts

2016. Industry More Content, Finance Less Proud - talk only - slides only - paper

2015. Keynes, the Pope and the IMF - talk only - slides only - paper

2015. Addressing some criticisms of Fair Trade - talk only

2010. The Post-Keynesian (Policy) Difference - talk only - transcript

2009. Fair Trade: Feel-good fashion or global blueprint? - talk with slides - talk only - slides only

2008. BBC Radio 4, The World Tonight, 31 October, on Keynes © BBC 2008 and subject to the BBC's terms of use. Used with permission.

Other media contributions - see also the Abbey House Blog

2016. The Tablet, 16 June, On the move

2014. The Tablet, 26 June, Fair trade is still a rich harvest

2014. The Conversation, 27 January, Traders can no longer corner corn, but don’t expect stable prices

2013. The Tablet, 6 December, On the economy, Francis says what no politician will

Working Papers (see also EconPapers webpage for PKES working papers)

2016. Recognising Membership Through Work

2016. Trades unions, real wages and full employment

2015. Towards the reform of the international financial and monetary systems in the context of global political authority: an appraisal

2014. Speculation

Books and book chapters (see also EconLit search - requires subscription)

2019. John Maynard Keynes: The Art of Choosing the Right Model, Polity Press

2018. Creation and Creativity, in Theology and Ecology Across the Disciplines, Celia Deane-Drummond and Rebecca Artinian-Kaiser (eds), Bloomsbury

2013. Ingham and Keynes on the Nature of Money, in Financial Crises and the Nature of Capitalist Money, Geoff Harcourt and Jocelyn Pixley (eds), Palgrave Macmillan

2012. "The General Theory: A Neglected Work?!", in Keynes’s General Theory For Today, Jesper Jespersen and Mogens Ove Madsen (eds), Edward Elgar

2012. "The Efficient Markets Hypothesis", in The Elgar Companion to Post Keynesian Economics, ed. J. E. King, Edward Elgar

2012. "Keynes, the Neglected Theorist", in Keynes’ General Theory: 75 Years Later, ed. Thomas Cate, Edward Elgar

2006. The Economics of Keynes: A New Guide to The General Theory, Edward Elgar

2006. "Financial bubbles", in A Handbook of Alternative Monetary Economics, eds. Philip Arestis and Malcolm Sawyer, Edward Elgar

Peer-reviewed papers and publications (see also EconPapers webpage)

2018. The Liquidity of Money, Cambridge Journal of Economics, 42 (5), 1205-1218

2017. Keynes’s liquidity preference and the usury doctrine: their connection and continuing policy relevance, Review of Social Economy, 75 (4), 400-416

2013 (with Olivier Allain and Jochen Hartwig). Effective Demand: Securing the Foundations - A Symposium, Review of Political Economy, 25 (4), 650-78

2013. The Vatican and the International Monetary System, Review of Social Economy, 71 (3), 390-98

2013. The State of Short-term Expectation, Review of Political Economy, 25 (2), 205–24

2010. Mutual Enmity: Deposit Insurance and Economic Democracy, Review of Social Economy, 68 (3), 365-70

2010. The Fault Line between Keynes and the Cambridge Keynesians: A Review Essay, Review of Political Economy, 22 (1), 151-60

2010. The loanable funds fallacy: saving, finance and equilibrium, Cambridge Journal of Economics, 34 (4), 807-820

2009. The post-Keynesian alternative to inflation targeting (with Angel Asensio), Intervention: European Journal of Economics and Economic Policies, 6 (1), 65-79

2008. 'Fighting the Tide: Alternative Trade Organizations in the Era of Global Free Trade' - A Comment, World Development, 36 (12), 2953-2961

2008. Keynes's degree of competition, European Journal of the History of Economic Thought, 15 (2), 275–91

2008. Keynes's Z function: a reply to Hartwig and Brady, Cambridge Journal of Economics, 32 (5), 811–14

2007. Keynes's Z function, heterogeneous output and marginal productivity, Cambridge Journal of Economics, 31 (5), 741-53

2007. The point of effective demand, Review of Political Economy, 19 (1), 55–80

2006. On the efficiency of Fair Trade, Review of Social Economy, 64 (4), 447–68

2006. Value and probability, Journal of Post Keynesian Economics , 28 (3), 527–38

2006. Lucas on involuntary unemployment, Cambridge Journal of Economics 30 (3), 473–7

2003. Investment and finance under fundamental uncertainty (unpublished Ph.D thesis)

1993. Shared Interest and Co-operation, Journal of Co-operative Studies 76, 39-43

Book reviews

2015. The Oxford Handbook of Post-Keynesian Economics, Journal of the History of Economic Thought, 37 (3) 499-502

2013. Money, Uncertainty and Time, by Giuseppe Fontana, Review of Political Economy, 25 (1) 169-172

2012. Keynes on Monetary Policy, Finance and Uncertainty, by Jörg Bibow, , Journal of the History of Economic Thought, 34 (2) 274-276

2011. The ‘Uncertain’ Foundations of Post Keynesian Economics: Essays in Exploration, by Stephen P. Dunn, Review of Social Economy, 69 (4) 531-4

2011. Fairness in International Trade, by Geoff Moore (ed.), Business Ethics Quarterly, 21 (4) 702-3

2011. Money, Investment and Consumption, by O. F. Hamouda, Review of Political Economy, 23 (3) 476-8

2008. Keynes and His Battles, by Gilles Dostaler on

2008. The Cambridge Companion to Keynes, by Roger Backhouse and Bradley Bateman (eds), European Journal of the History of Economic Thought 15 (1) 151–61

2008. The Economics of Keynes in Historical Context: An Intellectual History of the General Theory, by Michael Lawlor, European Journal of the History of Economic Thought 15 (1) 151–61

2008. Keynes’s General Theory, the Rate of Interest and ‘Keynesian’ Economics: Keynes Betrayed, by Geoff Tily, European Journal of the History of Economic Thought 15 (1) 151–61

2007. Fair Trade: Market-Driven Ethical Consumption, by Alex Nicholls and Charlotte Opal, Review of Social Economy 65 (3) 382–5