Mark Hayes is Fellow and Director of Studies in Economics at Robinson College, Cambridge. He was formerly Senior Research Fellow in Economics at Homerton College, Cambridge, and is an Honorary Research Fellow in the Durham Business School, University of Durham.

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 are in macroeconomics, and in particular in recovering the real insights of Keynes in terms comprehensible to modern economists. He is the Secretary of the Post Keynesian Economics Study Group (PKSG).

He has drawn upon this work in articulating a theoretical framework for the analysis of the economics of Fair Trade in collaboration with colleagues at Durham Business School, and is the holder of the 2006 Helen Potter Award from the Review of Social Economy. He maintains a website on the economics of Fair Trade and is a Trustee of the Association for Social Economics.

Selected podcasts

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, on Keynes © BBC 2008 and subject to the BBC's terms of use. Used with permission.

Book and book chapters

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, forthcoming

2012. "Speculation", in The Elgar Companion to Radical Political Economy, forthcoming

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

2012. The state of short-term expectation, Review of Political Economy, forthcoming

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

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

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