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Mark Gerard Hayes

Mark Gerard Hayes, pen-name M. G. Hayes (21 September 1956 - 15 December 2019),[1] was a British-Irish economist and former banker. As an economist, he wrote mainly on the economics of John Maynard Keynes and on the economic implications of Catholic social thought. He was a Quondam Fellow in Economics of Robinson College, Cambridge,[2] and published two books on the economics of Keynes and several scholarly articles and chapters on both his areas of research. From 2006-2016 he was the Secretary of the Post-Keynesian Economics Society (PKES, formerly known as PKSG).[3]

Mark Gerard Hayes
NationalityBritish - Irish - Canadian
Academic career
InstitutionUniversity of Cambridge
FieldMacroeconomics
School or
tradition
Post-Keynesian economics
Alma mater
InfluencesJohn Maynard Keynes Brian Reddaway Charles Feinstein Geoffrey Harcourt Victoria Chick
AwardsHelen Potter Prize 2006
Information at IDEAS / RePEc

Earlier in his career, he was the principal founder and first Managing Director from 1990-1999 of Shared Interest, the British co-operative society that provides a large part of the finance behind the global Fair Trade movement.[4][5]

Biography edit

Educated at Stonyhurst College and Clare College, Cambridge, where he read Economics, Mark Hayes began his working career as a banker (1978-1988) with the Industrial and Commercial Finance Corporation that became 3i in 1984. He left 3i in 1988 to become the principal founder and first Managing Director (1990-1999) of Shared Interest.[6] After a brief period in 2001-2002 at Triodos Bank as UK Managing Director,[7] he switched to an academic career, earning his doctorate at the University of Sunderland in 2003 under the external supervision of Malcolm Sawyer, University of Leeds.

From 2003-2006 he was a visiting fellow at Northumbria University, during which time he wrote his first book The Economics of Keynes: A New Guide to The General Theory. He won the Helen Potter Award[8] from the Association for Social Economics in 2006 for "the best article in the Review of Social Economy by a promising scholar of social economics", 'On the efficiency of Fair Trade'.[9]

In 2006 he became a Fellow of Robinson College, Cambridge and its Director of Studies in Economics from 2009-2014. He was also a Trustee and Senior Research Fellow of Homerton College, Cambridge from 2006-2009 and an Affiliated Lecturer in the Faculty of Economics, University of Cambridge from 2013-2015. In 2014, he moved to Durham University to become the inaugural holder of the St Hilda Chair in Catholic Social Thought and Practice in Durham's Centre for Catholic Studies, before early retirement in 2016.[10] His second book on Keynes is John Maynard Keynes: The Art of Choosing the Right Model,[11] published shortly before his death.

Publications edit

Books edit

  • John Maynard Keynes: The Art of Choosing the Right Model (Polity Press; 2019) ISBN 978 1 50952 825 7 [1]
  • The Capital Finance of Co-operative and Community Benefit Societies (Co-operatives UK; 2013) [2]
  • The Economics of Keynes: A New Guide to The General Theory (Edward Elgar Publishing Ltd; 2006) ISBN 978 1 84720 082 2 [3] [4]
  • Investment and finance under fundamental uncertainty (Ph.D dissertation, University of Sunderland; 2003) [5]

Papers and articles edit

  • 2018. The liquidity of money, Cambridge Journal of Economics, 42 (5), 1205-1218
  • 2018. Sraffa's prices of production understood in terms of Keynes's state of short-term expectation, in The General Theory and Keynes for the 21st Century, Dow, Sheila Jespersen, Jesper & Tily, Geoff (eds), Edward Elgar.
  • 2018. Creation and Creativity, in Theology and Ecology Across the Disciplines: On Care for Our Common Home, Celia Deane-Drummond and Rebecca Artinian-Kaiser (eds), Bloomsbury
  • 2017. Keynes's liquidity preference and the usury doctrine: their connection and continuing policy relevance, Review of Social Economy, 75 (4): 400-416
  • 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
  • 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
  • 2013 (with Olivier Allain and Jochen Hartwig). Effective Demand: Securing the Foundations - A Symposium, Review of Political Economy, 25 (4), 650-78
  • 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, J. E. King (ed.), Edward Elgar
  • 2012. Keynes: The Neglected Theorist, in Keynes’ General Theory: 75 Years Later, Thomas Cate (ed.), Edward Elgar
  • 2010. The Loanable Funds fallacy: saving, finance and equilibrium, Cambridge Journal of Economics, 34 (4), 807–20
  • 2010. The fault line between Keynes and the Cambridge Keynesians: a review essay, Review of Political Economy, 22 (1), 151-60
  • 2010. Mutual Enmity: deposit insurance and economic democracy, Review of Social Economy, 68 (3), 365-70
  • 2009. The Post Keynesian alternative to inflation targeting (with Angel Asensio), European Journal of Economics and Economic Policies, 6 (1), 65-79
  • 2008. Keynes’s Z function: a reply to Hartwig and Brady, Cambridge Journal of Economics, 32 (5), 811–14
  • 2008. Keynes’s degree of competition, European Journal of the History of Economic Thought, 15 (2), 275–91
  • 2008. “Fighting the Tide: Alternative Trade Organizations in the Era of Global Free Trade” – A Comment, World Development, 36 (12), 2953–61
  • 2007. The point of effective demand, Review of Political Economy, 19 (1), 55–80
  • 2007. Keynes’s Z function, heterogeneous output and marginal productivity, Cambridge Journal of Economics, 31 (5), 741-53
  • 2006. Value and probability, Journal of Post Keynesian Economics, 28 (3), 527–38
  • 2006. On the efficiency of Fair Trade, Review of Social Economy, 64 (4), 447–68
  • 2006. Lucas on involuntary unemployment, Cambridge Journal of Economics, 30 (3), 473–7
  • 2006. Financial Bubbles, in A Handbook of Alternative Monetary Economics, Philip Arestis and Malcolm Sawyer (eds), Edward Elgar
  • 1993. Shared Interest and Co-operation, Journal of Co-operative Studies, 76, 39-43

References edit

  1. ^ "Mark Hayes obituary". The Guardian. 12 March 2020. Retrieved 4 April 2020.
  2. ^ "Dr M G Hayes". 28 October 2019.
  3. ^ "Mark Hayes | PKES".
  4. ^ Shared Interest
  5. ^ Osborne, Sue (2010) Shared Interest: Investing in a Fairer World, Newcastle upon Tyne: Shared Interest ISBN 978-1-906477-35-6.
  6. ^ Osborne, Sue (2010) Shared Interest: Investing in a Fairer World, Newcastle upon Tyne: Shared Interest ISBN 978-1-906477-35-6.
  7. ^ "Heart of gold, feet of clay?". TheGuardian.com. 28 March 2004.
  8. ^ Helen Potter Award
  9. ^ Hayes, M. G. (2006) On the efficiency of Fair Trade, Review of Social Economy, 64 (4), 447–68
  10. ^ "Centre for Catholic Studies".
  11. ^ "John Maynard Keynes". 27 March 2016.

External links edit

mark, gerard, hayes, name, hayes, september, 1956, december, 2019, british, irish, economist, former, banker, economist, wrote, mainly, economics, john, maynard, keynes, economic, implications, catholic, social, thought, quondam, fellow, economics, robinson, c. Mark Gerard Hayes pen name M G Hayes 21 September 1956 15 December 2019 1 was a British Irish economist and former banker As an economist he wrote mainly on the economics of John Maynard Keynes and on the economic implications of Catholic social thought He was a Quondam Fellow in Economics of Robinson College Cambridge 2 and published two books on the economics of Keynes and several scholarly articles and chapters on both his areas of research From 2006 2016 he was the Secretary of the Post Keynesian Economics Society PKES formerly known as PKSG 3 Mark Gerard HayesNationalityBritish Irish CanadianAcademic careerInstitutionUniversity of CambridgeFieldMacroeconomicsSchool ortraditionPost Keynesian economicsAlma materStonyhurst College University of CambridgeInfluencesJohn Maynard Keynes Brian Reddaway Charles Feinstein Geoffrey Harcourt Victoria ChickAwardsHelen Potter Prize 2006Information at IDEAS RePEc Earlier in his career he was the principal founder and first Managing Director from 1990 1999 of Shared Interest the British co operative society that provides a large part of the finance behind the global Fair Trade movement 4 5 Contents 1 Biography 2 Publications 2 1 Books 2 2 Papers and articles 3 References 4 External linksBiography editEducated at Stonyhurst College and Clare College Cambridge where he read Economics Mark Hayes began his working career as a banker 1978 1988 with the Industrial and Commercial Finance Corporation that became 3i in 1984 He left 3i in 1988 to become the principal founder and first Managing Director 1990 1999 of Shared Interest 6 After a brief period in 2001 2002 at Triodos Bank as UK Managing Director 7 he switched to an academic career earning his doctorate at the University of Sunderland in 2003 under the external supervision of Malcolm Sawyer University of Leeds From 2003 2006 he was a visiting fellow at Northumbria University during which time he wrote his first book The Economics of Keynes A New Guide to The General Theory He won the Helen Potter Award 8 from the Association for Social Economics in 2006 for the best article in the Review of Social Economy by a promising scholar of social economics On the efficiency of Fair Trade 9 In 2006 he became a Fellow of Robinson College Cambridge and its Director of Studies in Economics from 2009 2014 He was also a Trustee and Senior Research Fellow of Homerton College Cambridge from 2006 2009 and an Affiliated Lecturer in the Faculty of Economics University of Cambridge from 2013 2015 In 2014 he moved to Durham University to become the inaugural holder of the St Hilda Chair in Catholic Social Thought and Practice in Durham s Centre for Catholic Studies before early retirement in 2016 10 His second book on Keynes is John Maynard Keynes The Art of Choosing the Right Model 11 published shortly before his death Publications editBooks edit John Maynard Keynes The Art of Choosing the Right Model Polity Press 2019 ISBN 978 1 50952 825 7 1 The Capital Finance of Co operative and Community Benefit Societies Co operatives UK 2013 2 The Economics of Keynes A New Guide to The General Theory Edward Elgar Publishing Ltd 2006 ISBN 978 1 84720 082 2 3 4 Investment and finance under fundamental uncertainty Ph D dissertation University of Sunderland 2003 5 Papers and articles edit 2018 The liquidity of money Cambridge Journal of Economics 42 5 1205 1218 2018 Sraffa s prices of production understood in terms of Keynes s state of short term expectation in The General Theory and Keynes for the 21st Century Dow Sheila Jespersen Jesper amp Tily Geoff eds Edward Elgar 2018 Creation and Creativity in Theology and Ecology Across the Disciplines On Care for Our Common Home Celia Deane Drummond and Rebecca Artinian Kaiser eds Bloomsbury 2017 Keynes s liquidity preference and the usury doctrine their connection and continuing policy relevance Review of Social Economy 75 4 400 416 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 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 2013 with Olivier Allain and Jochen Hartwig Effective Demand Securing the Foundations A Symposium Review of Political Economy 25 4 650 78 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 J E King ed Edward Elgar 2012 Keynes The Neglected Theorist in Keynes General Theory 75 Years Later Thomas Cate ed Edward Elgar 2010 The Loanable Funds fallacy saving finance and equilibrium Cambridge Journal of Economics 34 4 807 20 2010 The fault line between Keynes and the Cambridge Keynesians a review essay Review of Political Economy 22 1 151 60 2010 Mutual Enmity deposit insurance and economic democracy Review of Social Economy 68 3 365 70 2009 The Post Keynesian alternative to inflation targeting with Angel Asensio European Journal of Economics and Economic Policies 6 1 65 79 2008 Keynes s Z function a reply to Hartwig and Brady Cambridge Journal of Economics 32 5 811 14 2008 Keynes s degree of competition European Journal of the History of Economic Thought 15 2 275 91 2008 Fighting the Tide Alternative Trade Organizations in the Era of Global Free Trade A Comment World Development 36 12 2953 61 2007 The point of effective demand Review of Political Economy 19 1 55 80 2007 Keynes s Z function heterogeneous output and marginal productivity Cambridge Journal of Economics 31 5 741 53 2006 Value and probability Journal of Post Keynesian Economics 28 3 527 38 2006 On the efficiency of Fair Trade Review of Social Economy 64 4 447 68 2006 Lucas on involuntary unemployment Cambridge Journal of Economics 30 3 473 7 2006 Financial Bubbles in A Handbook of Alternative Monetary Economics Philip Arestis and Malcolm Sawyer eds Edward Elgar 1993 Shared Interest and Co operation Journal of Co operative Studies 76 39 43References edit Mark Hayes obituary The Guardian 12 March 2020 Retrieved 4 April 2020 Dr M G Hayes 28 October 2019 Mark Hayes PKES Shared Interest Osborne Sue 2010 Shared Interest Investing in a Fairer World Newcastle upon Tyne Shared Interest ISBN 978 1 906477 35 6 Osborne Sue 2010 Shared Interest Investing in a Fairer World Newcastle upon Tyne Shared Interest ISBN 978 1 906477 35 6 Heart of gold feet of clay TheGuardian com 28 March 2004 Helen Potter Award Hayes M G 2006 On the efficiency of Fair Trade Review of Social Economy 64 4 447 68 Centre for Catholic Studies John Maynard Keynes 27 March 2016 External links edit 6 web page at the University of Cambridge 7 web pages at Durham University 8 Durham Centre for Catholic Studies Retrieved from https en wikipedia org w index php title Mark Gerard Hayes amp oldid 1179810716, wikipedia, wiki, book, books, library,

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