Dr Mark Hayes, MA (Cantab) PhD

Personal web page

Contact Dr Mark Hayes (email at m.g.hayes@durham.ac.uk)

Biography

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. 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.

His teaching and research interests have previously been in macroeconomics and finance, and in particular in recovering the real insights of Keynes in terms comprehensible to modern economists. After retirement from the St Hilda Chair in September 2016, he continues in the role of an Honorary Fellow at Durham to explore the interface between Economics and Theology, notably the ethical questions and policy implications raised by Catholic Social Thought. 

Personal webpage

Mini Biography

Mark Hayes held the St Hilda Chair in Catholic Social Thought and Practice at Durham University, as a Reader in the Department of Theology and Religion and the Business School, from 2014-2016.

Research Interests

• Theology and Economics
• Macroeconomics and Finance
• Keynes

Publications

Authored book

• Hayes, M.G. (2019). John Maynard Keynes: The Art of Choosing the Right Model. Polity Press.
• Hayes, M. G. (2013). The Capital Finance of Co-operative and Community Benefit Societies: A discussion paper for Co-operatives UK. Manchester: Co-operatives UK.
• Hayes, M. G. (2006). The Economics of Keynes: A New Guide to The General Theory. Edward Elgar.

Chapter in book

• Hayes, M. G. (2018). Creation and Creativity. In Theology and Ecology Across the Disciplines: On Care for Our Common Home. Deane-Drummond, C. & Artinian-Kaiser, R. London: Bloomsbury. 79-92.
• Hayes, M. G. (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 Cheltenham: Edward Elgar. 160-170.
• Hayes, M. G. (2013). Ingham and Keynes on the Nature of Money. In Financial Crises and the Nature of Capitalist Money. Harcourt, G.C. & Pixley, J. London: Palgrave Macmillan.
• Hayes, M. G. (2012). Keynes: The Neglected Theorist. In Keynes’ General Theory: Seventy-five Years Later. Thomas Cate. Cheltenham: Edward Elgar. 35-57.
• Hayes, M. G. (2012). The Efficient Markets Hypothesis. In The Elgar Companion to Post Keynesian Economics. King, J.E. Cheltenham: Edward Elgar.
• Hayes, M. G. (2012). The General Theory: A Neglected Work?!. In Keynes’s General Theory For Today. Jespersen, J. & Madsen, M.O. Cheltenham: Edward Elgar. 15-29.
• Hayes, M. G. (2006). Financial Bubbles. In A Handbook of Alternative Monetary Economics. Arestis, P & Sawyer, M C Cheltenham: Edward Elgar. 420-437.

Journal Article

• Hayes, M. G. (2018). The Liquidity of Money. Cambridge Journal of Economics 42(5): 1205-1218.
• Hayes, M. G. (2017). Keynes's liquidity preference and the usury doctrine: their connection and continuing policy relevance. Review of Social Economy 75(4): 400-416.
• Hayes, M.G. (2013). Effective Demand: Securing the Foundations. Review of Political Economy 25(4): 661-671.
• Hayes, M. G. (2013). The State of Short-Term Expectation. Review of Political Economy 25(2): 205-224.
• Hayes, M. G. (2013). The Vatican and the international monetary system. Review of Social Economy 71(3): 390-398.

Book review

• Hayes, M. G. (2015). Geoff Harcourt and Peter Kriesler, eds., The Oxford Handbook of Post-Keynesian Economics (Oxford: Oxford University Press, 2013). Journal of the History of Economic Thought 37(03): 499-502.
• Hayes, M. G. (2011). Fairness in International Trade. Business Ethics Quarterly (4): 702-706.
• Hayes, M. G. (2011). Money, Investment and Consumption: Keynes's Macroeconomics Rethought. Review of Political Economy 23(3): 476-478.
• Hayes, M. G. (2011). The ‘Uncertain’ Foundations of Post Keynesian Economics: Essays in Exploration. Review of Social Economy 69(4): 531-534.

Report

• Deeming, N., Glasman, M., Hayes, M. G., Longley, C. & Moore, G. A. (2016). Written evidence from the Durham Company Law Project (CGV0029). House of Commons Select Committee.