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.
non-academic background is in finance, as an investment manager at
and as principal founder and Managing Director (1990-99) of
Shared Interest, a financial co-operative supporting the Fair Trade
Policy Documents2017. 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 podcasts2016. 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
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
Books and book chapters (see also EconLit search - requires subscription)
2019. John Maynard Keynes: The Art of Choosing the Right Model, Polity Press2018. 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), 400-4162013 (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), 65-792008. '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
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) 169-1722012. 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 EH.net 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