GEM PhD School

Globalisation, Europe & Multilateralism

Erasmus Mundus Joint Doctorate

Academic Degrees & Titles

Institutional Representative, University of Warwick

BSc (Econ), MSc, PhD – Professor of Political Economy

Research Area(s)

History of economic ideas; classical political economy; global finance; the ethical dimension of economic analysis; International Political Economy theory; British politics

Specific Research Interest(s)

History of economic ideas, particularly the work of Adam Smith, Thorstein Veblen and Karl Polanyi; the evolution of different styles of political economy analysis, particularly the shift from classical political economy to neoclassical economics; the operation of global financial markets; the political economy of modern asset markets; spectatorial theories of moral agency within classical political economy; current debates within International Political Economy theory; the process of British welfare state reform under New Labour


Theories and Issues in International Political Economy

Introduction to Political Economy

First Year PhD Training Module

Suggested Fields of Inquiry

I am willing to supervise students within any field of enquiry which complements my specific research interests listed above or which clearly speaks directly to any of my published pieces of work listed below.

Overview of Publications

Single-Authored Books

The Political Economy of International Capital Mobility, Basingstoke: Palgrave Macmillan, 2007.

Foundations of International Political Economy, Basingstoke: Palgrave Macmillan, 2005.


Peer-Reviewed Journal Articles (from 30 on my overall research CV)

‘Competing Models of Socially-Constructed Economic Man: Differentiating Defoe’s Crusoe from the Robinson of Neoclassical Economics’, New Political Economy, 16 (3), 2011, forthcoming.

‘House Price Keynesianism and the Contradictions of the Modern Investor Subject’, Housing Studies, 25 (3), 2010, 413-426.

‘‘Habitation Versus Improvement’ and a Polanyian Perspective on Bank Bailouts’, Politics, 29 (3), 2009, 183-192. (Awarded the Political Studies Association prize for best article published in Politics in 2009.)

‘Headlong into the Polanyian Dilemma: The Impact of Middle-Class Moral Panic on the British Government’s Response to the Subprime Crisis’, British Journal of Politics and International Relations, 11 (3), 2009, 422-437.

‘Investigating the Potentially Contradictory Microfoundations of Financialisation’, Economy and Society, 38 (2), 2009, 255-277.

‘Gordon Brown’s Misplaced Smithian Appeal: The Eclipse of Sympathy in Changing British Welfare Norms’, Journal of Social Policy, 38 (2), 2009, 195-210.

‘Constituting Monetary Conservatives via the ‘Savings Habit’: New Labour and the British Housing Market Bubble’, Comparative European Politics, 6 (3), 2008, 285-304.

‘Searching for the Kuhnian Moment: The Black-Scholes-Merton Formula and the Evolution of Modern Finance Theory’, Economy and Society, 36 (2), 2007, 326-338.

‘Trade Justice and Individual Consumption Choices: Adam Smith’s Spectator Theory and the Moral Constitution of the Fair Trade Consumer’, European Journal of International Relations, 13 (2), 2007, 263-288.

‘Towards a Polanyian Perspective on Fair Trade: Market-Bound Economic Agents and the Act of Ethical Consumption’, Global Society, 20 (4), 2006, 435-451.

‘What Makes a Market Economy? Schumpeter, Smith and Walras on the Coordination Problem’, New Political Economy, 10 (2), 2005, 143-161. (Awarded a Templeton Enterprise Awards given in February 2007 at the Princeton Club in New York for best articles published worldwide in 2005 on the question of humane political economy in an era of globalisation.)

‘Ricardian Political Economy and the ‘Varieties of Capitalism’ Approach: Specialisation, Trade and Comparative Institutional Advantage’, Comparative European Politics, 1 (2), 2003, 227-240.

‘The Institutional Paradoxes of Monetary Orthodoxy: Reflections on the Political Economy of Central Bank Independence’, Review of International Political Economy, 9 (1), 2002, 183-196.

‘International Capital Mobility in an Era of Globalisation: Adding a Political Dimension to the ‘Feldstein-Horioka Puzzle’’, Politics, 21 (2), 2001, 82-93.