In this article Adair Turner explores the relative economic and social success of different variants of capitalism, and considers how societies best reconcile the objectives of economic dynamism with those of social inclusion and environmental responsibility. He also addresses the wider issue of...

This paper considers price movements in the oil markets between 2003 and 2010 and seeks to explain the significant trends in this period. It notes that the oil market is by its very nature inherently volatile because of the nature of oil as a storable and exhaustible resource and the influence...

This contribution, based on the presentation at the inaugural conference of the Institute for New Economic Thinking (Cambridge, April 2010), first, discusses the core building blocks of a conventional policy wisdom grounded in almost caricatural simplifications of "general equilibrium" research...

In this paper the author asks how confident we can be that the quantity of bank credit supplied and demanded, and the allocation of that credit to different sectors or activities will be socially optimal, if we leave the credit creation and allocation process to free market mechanisms, subject...