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Contributors Biographies

Dr Annela Anger

DR ANNELA ANGER-KRAAVI  is the Chief Executive and a Trustee of the Cambridge trust for New Thinking in Economics (CTNTE). She is also a Vice-Chair of the United Nations Framework Convention on Climate Change (UNFCCC) Subsidiary Body for Scientific and Technological Advice (SBSTA); an Adviser on international climate change policy and negotiations to the Estonian Ministry of the Environment and a College Research Associate in Economics at Emmanuel College in Cambridge. Her research interests include modelling environmental policy impacts; climate change policies for international aviation and shipping; co-benefits of climate policies such as impacts on atmospheric pollution; and macroeconomics of ecosystems. She works and has worked on projects commissioned by the EC, UN bodies and UK and Japanese Governments. Annela holds Diploma in Business Administration, BSc and MA in Biology as well as BSc in Economics, MPhil in Environmental Policy and PhD (Cantab) in Applied Macroeconomics. She grew up messing about on her Dad’s fishing boats on an island in the Baltic Sea, loves sailing and practicing upright bass.

Prof Philip Arestis

PROFESSOR PHILIP ARESTIS is Professor and University Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK; Professor of Economics, Department of Applied Economics V, Universidad del País Vasco, Spain; Distinguished Adjunct Professor of Economics, Department of Economics, University of Utah, US; Research Associate, Levy Economics Institute, New York, US; Visiting Professor, Leeds Business School, University of Leeds, UK; Professorial Research Associate, Department of Finance and Management Studies, School of Oriental and African Studies (SOAS), University of London, UK. He was awarded the British Hispanic Foundation ‘Queen Victoria Eugenia’ award (2009-2010); also awarded the ‘homage’ prize for his contribution to the spread of Keynesian Economics in Brazil by the Brazilian Keynesian Association (AKB), 15 August 2013. He served as Chief Academic Adviser to the UK Government Economic Service (GES) on Professional Developments in Economics (2005-2013). He has published widely in academic journals, and he is, and has been, on the editorial board of a number of economics journals.

Elena Bárcena


ELENA BÁRCENA MARTÍN is Associate Professor of Statistics and Econometrics at the University of Malaga, and Treasurer of the Society for Economic Inequality. She received her MSc in Econometrics and Mathematical Economics at the London School of Economics and her PhD in Economics from the University of Malaga (Spain). Her research interests cover Economics of Inequality, Deprivation and Poverty, Income Mobility and Poverty Dynamics, Economics of gender and children, Public Policies and Social Welfare, and Applied Microeconometrics. The results obtained have led to numerous publications, including some books and chapters in prestigious publishing houses and a number of articles in refereed journals such as Socio-Economic Review, Economics and Human Biology, Journal of Social Policy, Review of Income and Wealth, Journal of Economic Inequality, Review of Economics of the Household, Social Indicators Research, Social Choice and Welfare, Feminist Economics, Child Indicators Research, etc. She has participated in numerous research projects and contracts.

 Prof Terry Barker

PROFESSOR TERRY BARKER is Founder of the Cambridge Trust for New Thinking in Economics, Founding Director of Cambridge Econometrics, and Departmental Senior Fellow in the Cambridge Centre for Climate Change Mitigation Research (4CMR), Department of Land Economy, University of Cambridge. He was a Co-ordinating Lead Author (CLA) for the Intergovernmental Panel on Climate Change’s (IPCC) Third and Fourth Assessment Reports 2001 and 2007 taking responsibility for the chapters on greenhouse gas mitigation from a cross-sectoral perspective. He is an applied economist with over 100 articles and book chapters published mainly on the topics of economic modelling, international trade, and climate change mitigation. His research interests are in developing large-scale models of the energy-environment-economy (E3) system designed to address the issue of global decarbonisation and he has led teams developing models at the UK, European and global scales.

 Emilo Carnevali

EMILIO CARNEVALI is currently an analyst at the Department for Work and Pensions (UK Government) and a PhD student at the University of Leeds. He holds an M.Sc. in Economics (University of Leeds), an M.A. (Laurea Specialistica) in Philosophy (University of Rome ‘La Sapienza’), a B.Sc. (Laurea) in Economics (University of ‘Roma Tre’) and a B.A. (Laurea) in Philosophy, University of Rome ‘La Sapienza’. Emilio Carnevali has worked for several years as a journalist and editor for the Italian philosophical and political magazine MicroMega. He is the author of the books ‘Liberista sarà lei! L'imbroglio del liberismo di sinistra’ (‘On the Fraud of Leftwing Economic Neoliberalism’), co-authored with P. Pellizzetti, Turin: Codice Edizioni, 2010) and ‘In Difesa di Barack Obama’ (‘In Defense of Barack Obama’, Rome: Gli e-book di MicroMega, 2012). Emilio Carnevali’s main research interests are monetary economics, fiscal policies, international economics and history of economic and political thought.

Yannis Dafermos


YANNIS DAFERMOS is a Senior Lecturer in Economics at the University of the West of England. His research focuses on financial macroeconomics, climate change and finance, ecological macroeconomics, stock-flow consistent modelling and inequality. Yannis Dafermos has co-developed a novel ecological macroeconomic model that analyses the interactions between the ecosystem, the financial system and the macroeconomy. His work has appeared in various academic journals, such as the Cambridge Journal of Economics, Ecological Economics, the International Review of Applied Economics, Nature Climate Change, the Journal of Post Keynesian Economics and the Review of Political Economy. Yannis Dafermos is a member of the committee of the Post-Keynesian Economics Society (PKES), co-editor of the PKES working paper series and Research Area Coordinator at the European Association for Evolutionary Political Economy (EAEPE). He was a Research Associate at the New Economics Foundation (NEF) over the period 2014-2016. He has acted as a referee for about 15 journals.

Matteo Deleidi

MATTEO DELEIDI is a Research Fellow in Monetary Economics at Roma Tre University and an Honorary Research Associate in Finance and Innovation at the Institute for Innovation and Public Purpose, University College London. Matteo Deleidi is currently working at the transmission mechanism of monetary policy with a focus on the US economy. In collaboration with Professor Mariana Mazzucato, Matteo Deleidi is leading a research stream regarding ‘macroeconomic implications of mission oriented policies’. He obtained his PhD in Political Economy in May 2016 at Roma Tre University, where he produced a doctoral dissertation on the money creation process, under the supervision of Professor Antonella Stirati. During his PhD period, Matteo Deleidi was a visiting researcher at the Leeds University Business School, where he worked with Professor Giuseppe Fontana on the money creation process in European countries. His research interests include monetary economics, macroeconomics, technical progress and theories of growth and distribution.

Marc Lavoie


MARC LAVOIE holds a Senior Research Chair from the University Sorbonne Paris Cité and teaches economics at the University of Paris 13. He is Emeritus Professor at the University of Ottawa, where he taught for 38 years. Marc Lavoie is a Research Fellow at the Macroeconomic Research Institute of the Hans Böckler Foundation in Düsseldorf and a Research Associate at the Broadbent Institute in Toronto. Marc Lavoie has published 10 books and over 200 refereed articles or book chapters, mostly in macroeconomics – monetary economics and growth theory. He is best known for his book with Wynne Godley, Monetary Economics (2007), which is considered a must-read for users of the stock-flow consistent approach. His latest book, Post-Keynesian Economics: New Foundations, received the 2017 Myrdal Prize from the European Association of Evolutionary Political Economy. Marc Lavoie is a co-editor of two academic journals and is on the editorial board of ten other journals.

John McCombie JOHN McCOMBIE is Professor Emeritus of Regional and Applied Economics and Director of the Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge. He is also Senior Emeritus Fellow of the Department, Fellow Emeritus in Economics, Downing College Cambridge and Director of Studies in Land Economy for Christ’s, Downing and Girton Colleges. He was a co-editor of Spatial Economic Analysis and of Regional Studies. His research interests include the study of national and regional growth disparities, EU regional policy, economic growth and the balance-of-payments constraint, criticisms of the aggregate production function and conventional measures of the rate of technical progress. He has been a specialist advisor to the House of Lords European Union Sub-committee on the Future of the EU Structural and Cohesion Funds. He has also been an economic consultant to the World Bank and the Asian Development Bank. A major book (with Jesus Felipe) is Technical Change and the Aggregate Production Function, ‘Not Even Wrong’ (2013).

Maria Nikolaidi MARIA NIKOLAIDI is a Senior Lecturer in Economics at the University of Greenwich. She is also a Fellow at the Forum for Macroeconomics and Macroeconomic Policies (FMM) and a member of the committee of the Post-Keynesian Economics Society (PKES). Maria Nikolaidi was a Research Associate at the New Economics Foundation (NEF) from 2014 to 2016. Her research interests include financial fragility, macroeconomic policy, bank regulation and ecological macroeconomics. She has been invited to present her work on these areas at various conferences and workshops. Her research articles have been published in Ecological Economics, the Journal of Economic Surveys, Structural Change and Economic Dynamics, the International Review of Applied Economics and the European Journal of Economics and Economic Policies: Intervention. Maria Nikolaidi has worked on externally funded projects on ecological macroeconomic modelling and the links between income distribution and growth. She received the 2016/7 University of Greenwich Early Career Research Excellence Award.

Ricardo Pariboni

RICCARDO PARIBONI is Postdoctoral Research Fellow at the Department of Economics of Roma Tre University, where he lectures and has lectured in: Economic Growth and Welfare Systems, Microeconomics of Development, Research Methods and Macroeconomics. Riccardo Pariboni received a PhD in Economics from the University of Siena in 2015, with a thesis on heterodox approaches to economic growth theory and capital accumulation, which has been awarded with the ‘Pierangelo Garegnani’ Thesis Prize. His research focuses on Economic Growth, with a special focus on demand-led growth models, causes and macroeconomic consequences of Inequality, Welfare Systems and Financial crisis. He has published several scientific articles in international peer-reviewed Journals and book chapters on these topics. He has participated to numerous conferences in Europe and South America throughout his academic path. Riccardo Pariboni has been one of the local co-organizers of the EAEPE 2017 and 2018 Summer School, held at the Faculty of Economics of Roma Tre University.

Marco Veronese Passarella

MARCO VERONESE PASSARELLA is a lecturer of economics, based in the Economics Division of the University of Leeds. He earned a Laurea in economics at the University of Bologna in 2001 and a PhD in history of economic thought in 2008 at the University of Florence. From 2009 to 2011 Marco worked as a teaching- and research-fellow in many Italian universities. Marco Veronese Passarella has been working at the University of Leeds since January 2012. His areas of expertise are theories of value and distribution, macroeconomics modelling, monetary economics, and history of economic thought. He has authored a number articles in economics journals, such as the Cambridge Journal of Economics, the Journal of Economic Behavior & Organization, the Review of Political Economy, the Italian Economic Journal, Metroeconomica, Intervention and the Review of Keynesian Economics. He has authored also several chapters in collective volumes and books. He is a member of the Reteaching Economics group.

Salvador Perez Moreno


SALVADOR PÉREZ-MORENO is Associate Professor of Economic Policy at the University of Malaga, a member of the Cambridge Centre for Economic and Public Policy, University of Cambridge, and Affiliated Researcher of UNU-MERIT, United Nations University and Maastricht University. His research interests cover economic policy and institutions, income distribution, poverty, socio-economic development and child and women welfare. The results obtained have led to numerous publications, including some books and chapters in prestigious publishers and a number of articles in refereed journals such as Economic Modelling, Economics and Human Biology, European Planning Studies, Journal of Business Research, Journal of Economic Policy Reform, Journal of Social Policy, Review of Economics of the Household, Review of Income and Wealth, Social Indicators Research, etc. Salvador Pérez-Moreno has participated in numerous research projects and contracts and has been Visiting Researcher at various universities, among others, University of Cambridge, LSE, Free University of Berlin and University of Florence.

Malcolm Sawyer MALCOLM SAWYER is now Emeritus Professor of Economics, Leeds University Business School, University of Leeds, UK. He has been the principal investigator for the European Union funded (8 million euros) five year research project Financialisation, Economy, Society and Sustainable Development, involving 15 partner institutions across Europe and more widely (www.fessud.eu). He was the managing editor of International Review of Applied Economics for over three decades, and has served on the editorial board of a range of journals and is editor of the series New Directions in Modern Economics published by Edward Elgar. He has published widely in the areas of post Keynesian and Kaleckian economics, fiscal and monetary policies, industrial economics and the UK and European economies. He is currently preparing a book on The Power of Finance: Financialization and the Real Economy (Agenda). He has authored 12 books, the most recent being Can the Euro be Saved? (Polity Press, 2017). He has edited over 30 books including the annual series International Papers in Political Economy (with Philip Arestis). He has published well over 100 papers in refereed journals and contributed chapters to over 100 books.

Marta Spreafico MARTA SPREAFICO is an Associate Member at the Cambridge Centre of Economic and Public Policy, Department of Land Economy, University of Cambridge, UK. She undertook her PhD (“Doctor Europaeus”) in Economic Policy at the Catholic University of the Sacred Heart, Milan and the thesis is entitled Institutions and Growth: The Experience of the Former Soviet Union Economies. Marta Spreafico’s areas of research include the economics of inequality and poverty, economic growth and the role of institutions, macroeconomics and the subprime crisis, development and regional economics, panel data estimation and spatial econometrics. She has contributed to several funded research projects. Her more recent work includes the Icelandic banking collapse, the role of capital controls, productivity growth and spatial inequality in China, the 2008 Great Recession, and the increased income share of the top one percent and financialisation. She has published widely in such journals as the Cambridge Journal of Economics, Papers in Regional Science, and the International Review of Applied Economics and contributed chapters to several books.

 Elisabeth Springler ELISABETH SPRINGLER is Professor and programme director for European Economy and Business Management (BA&MA) at the UAS BFI Vienna, Austria. She holds a PhD from the Vienna University of Economics. Previously she was appointed as Assistant Professor at the Vienna University of Economics, Visiting Professor at the University of Applied Sciences, Volda, Norway and Marshallplan-Chair at the University of New Orleans, Louisiana, USA. Elisabeth Springler focuses in her research on European Integration, Post Keynesian monetary theory and housing economics and policy. Her most recent publications include the edited book Asymmetric Crisis in Europe and Possible Futures (Routledge), Ökonomie der internationalen Entwicklung (K. Rothschild prize 2017) (Mandelbaum) both together with Johannes Jäger. She is editorial board member of the journal Kurswechsel as well as reviewer for many international journals. Apart from her theoretical work she serves as member of the Austrian Fiscal Advisory Council (Fiskalrat) and the Financial Stability board (FMSG).

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