All Outputs (11)

Creation and Creativity (2018)
Book Chapter
Hayes, M. (2018). Creation and Creativity. In C. Deane-Drummond, & R. Artinian-Kaiser (Eds.), Theology and ecology across the disciplines : on care for our common home (79-92). Bloomsbury

Sraffa’s prices of production understood in terms of Keynes’s state of short-term expectation (2018)
Book Chapter
Hayes, M. (2018). Sraffa’s prices of production understood in terms of Keynes’s state of short-term expectation. In S. Dow, J. Jespersen, & G. Tily (Eds.), The general theory and Keynes for the 21st century (160-170). Edward Elgar Publishing. https://doi.org/10.4337/9781786439888.00019

The Liquidity of Money (2018)
Journal Article
Hayes, M. (2018). The Liquidity of Money. Cambridge Journal of Economics, 42(5), 1205-1218. https://doi.org/10.1093/cje/bey018

In his General Theory, Keynes implicitly defines liquidity as stability of value with respect to changes in the state of long-term expectation. This contrasts with the usual conception of liquidity as convertibility and with leading Post-Keynesian in... Read More about The Liquidity of Money.

Keynes's liquidity preference and the usury doctrine: their connection and continuing policy relevance (2016)
Journal Article
Hayes, M. (2017). Keynes's liquidity preference and the usury doctrine: their connection and continuing policy relevance. Review of Social Economy, 75(4), 400-416. https://doi.org/10.1080/00346764.2016.1269937

The purpose of this paper is to support the spirit of the early medieval prohibition of payment for the use of money, with arguments based on the economics of Keynes. At the heart of the usury doctrine is the idea that a creditor cannot expect both t... Read More about Keynes's liquidity preference and the usury doctrine: their connection and continuing policy relevance.

Written evidence from the Durham Company Law Project (CGV0029) (2016)
Report
Deeming, N., Glasman, M., Hayes, M., Longley, C., & Moore, G. (2016). Written evidence from the Durham Company Law Project (CGV0029). [No known commissioning body]

Executive Summary *The success of the company should be understood as the success of the business enterprise which it conducts. *Qualifying employees should be recognised by statute as members of the company and any group that employs them. The compa... Read More about Written evidence from the Durham Company Law Project (CGV0029).

Geoff Harcourt and Peter Kriesler, eds., The Oxford Handbook of Post-Keynesian Economics (Oxford: Oxford University Press, 2013) (2015)
Journal Article
Hayes, M. (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. https://doi.org/10.1017/s1053837215000395

The Capital Finance of Co-operative and Community Benefit Societies: A discussion paper for Co-operatives UK (2013)
Book
Hayes, M. (2013). The Capital Finance of Co-operative and Community Benefit Societies: A discussion paper for Co-operatives UK. Co-operatives UK

The Efficient Markets Hypothesis (2012)
Book Chapter
Hayes, M. (2012). The Efficient Markets Hypothesis. In J. King (Ed.), The Elgar companion to post Keynesian economics. Edward Elgar Publishing

Although something of a chameleon (Findlay and Williams, 2008), the efficient markets hypothesis (EMH) reduces to a claim that ‘you can’t beat the market’. In its weak form, it holds that past financial data are no guide to the future. In its stronge... Read More about The Efficient Markets Hypothesis.

The General Theory: A Neglected Work?! (2012)
Book Chapter
Hayes, M. (2012). The General Theory: A Neglected Work?!. In J. Jespersen, & M. Madsen (Eds.), Keynes’s General Theory for today (15-29). Edward Elgar Publishing

The General Theory (Keynes, 1936, hereafter G.T.) a neglected work? Am I joking? Few books have been subject to so much review, criticism and interpretation. Yet I suggest that its impact on modern economic theory, both neoClassical and Post Keynesia... Read More about The General Theory: A Neglected Work?!.

Keynes: The Neglected Theorist (2012)
Book Chapter
Hayes, M. (2012). Keynes: The Neglected Theorist. In T. Cate (Ed.), Keynes’ general theory : seventy-five years later (35-57). Edward Elgar Publishing

Financial Bubbles (2006)
Book Chapter
Hayes, M. (2006). Financial Bubbles. In P. Arestis, & M. Sawyer (Eds.), A handbook of alternative monetary economics (420-437). Edward Elgar Publishing. https://doi.org/10.4337/9781847202802.00030

The purpose of this chapter is to make the case for an alternative, Post Keynesian, perspective on a topic in financial economics of considerable research interest and policy relevance, namely the ‘financial bubble’. The evident tension between the t... Read More about Financial Bubbles.