450 economists tell the G20: regulate speculation on food prices | World Development Movement

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450 economists tell the G20: regulate speculation on food prices

11 October 2011

Dear G20 Finance Ministers,

We write to you ahead of the October meeting of the G20 Finance Ministers to urge you to commit with your counterparts to take effective action to curb excessive speculation on food commodities. Excessive financial speculation is contributing to increasing volatility and record high food prices, exacerbating global hunger and poverty.

While there are many pressures on food prices, fundamental changes in supply and demand cannot fully account for the dramatic price fluctuations that have occurred in recent years.

In June, a report for the G20 by international organisations including the IMF and the OECD noted that “too much speculation can cause frequent and erratic price changes” in futures markets. Evidence suggests that financial speculators are less likely to make trading decisions based on information regarding supply and demand and are more prone to herding behaviours than commercial traders. Excessive speculation undermines the price discovery function of futures markets, driving real prices away from levels determined by supply and demand.

The High Level Panel of Experts on food security for the Committee on World Food Security at the FAO reported in July that “tighter regulation of speculation is necessary.” The panel suggested that “Increasing transparency, by requiring exchange trading and clearing of most agricultural commodity contracts, and setting lower limits for noncommercial actors could be the first set of measures taken by the countries that house major commodity exchanges.”

Increasing market transparency is vital, but will not go far enough to tackle excessive financial speculation. We therefore urge you to support the establishment of position limits to cap the proportion of agricultural commodity derivatives markets that can be  held by financial speculators. Limits could be set at a level that would maintain sufficient liquidity in the markets while preventing an excessive concentration of purely financial actors. The US has already passed legislation including provisions to introduce such limits and the G20 should act to prevent regulatory arbitrage between exchanges.

Position limits would be more effective in tackling excessive speculation than position management powers, which rely on the use of judgement by exchanges and provide little assurance that powers will be exercised effectively. Clear limits would provide regulatory certainty, promoting stable and sustainable derivatives markets to the benefit of food producers, consumers and broader economic stability.

With around 1 billion people enduring chronic hunger worldwide, action is urgently needed to curb excessive speculation and its effects on global food prices.

Yours sincerely,

cc: Michel Barnier, European commissioner for internal market and services

Signed

 

Mr Abdulhafiz Ahmed Abdisubhan, Finance and Economic Development Bureau, ETHIOPIA

Charles Abugre, Regional Director (Africa), The United Nations Millennium Campaign, Nairobi, KENYA

Prof Nicola Acocella, Department of Methods and Models for Economics, Territory and Finance, Faculty of Economics, University of Rome, ITALY

Dr Funda Rana Adacay, Associate Professor in Economics, Anadolu Univeristy, Eskisehir, TURKEY

Dr Ipek Illkkaracan Ajas, Associate Professor of Economics, Istanbul Technical University, TURKEY

Dr Alpaslan Akcoraoglu, Associate Professor of Economics, Gazi University, TURKEY

Prof A. Haroon Akram-Lodhi, Chair of the Department of International Development Studies, Trent University Peterborough, CANADA

Mr Tanweer Ali, Lecturer in Finance, Empire State College, State University of New York, USA

Marzouq Alnusf, Department of Economics, University of Massachusetts at Amherst, USA

Wilfried Altzinger, Department of Economics, Vienna University of Economics, AUSTRIA

Dr Francisco Alvarez Cuadrado, Associate Professor, Department of Economics, McGill University, CANADA

Dr Rui Henrique Alves, Assistant Professor at the Faculty of Economics, University of Porto, PORTUGAL

Dr Bruno Amoroso, Department for Society and Globalization Roskilde, University Denmark, DENMARK

Prof Paolo Andrei, Professor in Business Economics, University of Parma, ITALY

Rania Antonopoulos, Senior Scholar and Director of Gender Equality and the Economy Program, Levy Economics Institute, USA

Dr Ozlem Arpac Arconian, Department of Economics, School of Oriental and African Studies, University of London, UK

Prof Alessandro Arrighetti, Professor of Economics, University of Parma, ITALY

Prof Wiji Arulampalam, Department of Economics, University of Warwick,UK

Prof Thankom Arun, Director of Institute of Global Finance and Public Policy, Lancashire Business School, University of Central Lancashire, UK

Dr Michael Ash, Associate Professor of Economics and Public Policy and Chair, Department of Economics, University of Massachusetts Amherst, USA

Prof Venkatesh Athreya, Professor of Economics, Bharathidasan University, Tiruchirapalli, INDIA

Jonathan Adabre Atia, Policy Analyst, Integrated Social Development Centre, GHANA

Fiona Atkins, Lecturer in Economics, Birkbeck University of London, UK

Dr Rohit Azad, Assistant Professor, Faculty of Economics, South Asian University, New Delhi, INDIA

Prof M. V. Lee Badgett, Professor of Economics and Director for Center for Public Policy and Administration, University of Massachusetts Amherst, USA

Dean Baker, Co-Director, Center for Economics and Policy Research, USA

Dr Dean Baker, Center for Economic and Policy Research, Washington, DC, USA

Prof Radhika Balakrishnan, Professor of Women's and Gender Studies Rutgers, The State University of New Jersey, former Professor of Economics and International Studies at Marymount Manhattan College, USA

Prof Erol Balkan, Professor of Economics, Hamilton College, New York, USA

Dr Nesecan Balkan, Department of Economics, Hamilton College, USA

Dr Nina Banks, Associate Professor of Economics, Bucknell University, USA

Prof Drucilla K. Barker, Director Women’s & Gender Studies, Phd in Economics, University of South Carolina, Columbia, USA

Prof David Barkin, Distinguished Professor of Economics, Universidad Autonoma Metropolitana-Xochimilco, Mexico City, MEXICO

Dr John Barnshaw, Department of Sociology, University of South Florida, USA

Dr Stephanie Barrientos, Senior Lecturer, Institute of Development Policy and Management, Associate Director Brooks World Poverty Programme, University of Manchester, UK

Michael Barrow, Senior Lecturer in Economics, School of Business, Management and Economics, University of Sussex, UK

Prof Hans-Heinrich Bass, Professor of International Economics, Bremen University of Applied Sciences, GERMANY

Dr PL Beena, ICSSR General Fellow, Institute for Studies in Industrial Development, New Delhi, INDIA

Riccardo Bellofiore, Department of Economic Science, University of Bergamo, ITALY

Prof Lourdes Beneria, Professor Emerita, Department of City and Regional Planning, Cornell University, USA

Prof Gunseli Berik, Economics Department, University of Utah, USA

Prof Jacques Berthelot, Emeritus professor of Economics, Ecole Nationale Supérieure Agronomique de Toulouse, FRANCE

Prof Sheila Bhalla, Professor at the Institute for Human Development, New Delhi, INDIA

Dr Ravi Bhandari, Associate Professor and Chevron Chair of Development Economics, Saint Mary's College of California, USA

Prof Cyrus Bina, Distinguished Research Professor of Economics, University of Minnesota, USA

Dr Stephanie Blankenburg, Department of Economics and CISD, School of Oriental and African Studies, UK

Prof Patrick Bond, Professor of Development Studies, University of KwaZulu-Natal, SOUTH AFRICA

Dr A. J. C. Bose, Associate Professor, Department of Economics, Shri Ram College of Commerce, University of Delhi, INDIA

Sam Boshra, Economist, CANADA

Dr Roger Even Bove, Department of Economics & Finance, West Chester University, USA

Dr Christopher Bowdler, University Lecturer in Economics and Fellow of Oriel College, University of Oxford, UK

Dr James K. Boyce, Department of Economics, University of Massachusetts, Amherst, USA

Dr Manuel Branco, Associate Professor of Economics, University of Évora, PORTUGAL

Prof Luiz Carlos Bresser-Pereira, Professor Emeritus of Economics, Getulio Vargas Foundation, Sao Paulo, BRAZIL

Dr Kate Bronfenbrenner, Senior Lecturer, Cornell School of Industrial and Labor Relations, USA

Dr Reiner Buchegger, Associate Professor, Johannes Kepler University, AUSTRIA

Dr Jorge Buzaglo, Associate Professor of Economics, University of Goteburg, SWEDEN

Prof Antonio Callari, Sigmund M. and Mary B. Hyman Professor of Economics, and Director of the Local Economy Center, Franklin and Marshall College, Lancaster, USA

Prof Jim Campen, Professor Emeritus of Economics, University of Massachusetts, Boston, USA

Dr Michele Cangiani, Associate Professor of Economic Sociology, Foscari Venezia University, ITALY

Dr Michael Carter, Associate Professor of Economics, Chair of Economics Department, University of Massachusetts, Lowell, USA

Prof Carlos Nuno Castel-Branco, Director of Institute of Social Economics Studies, MOZAMBIQUE

Prof Sergio Cesaratto, Professor of Economics University of Siena, ITALY

Rakesh Chandra, Junior Research Fellow, Center for the Study of Regional Development, Jawahar Lal Nehru University, New Delhi, INDIA

Shouvik Chakaraborty, Assistant Professor, Indian School of Business and Finance (ISBF), New Delhi, INDIA

Malini Chakravarty, Senior Economist, International Development Economics Associates (IDEAs), New Delhi, INDIA

Prof Nirmal K. Chandra, Professor of Economics (Retd), Indian Institute of Management Calcutta, INDIA

Prof C. P. Chandrasekhar, Centre for Economic Studies and Planning Jawaharlal Nehru University New Delhi, INDIA

Dr Ha-Joon Chang, Reader, Faculty of Economics, University of Cambridge, UK

Dr Anup Chatterjee, Associate Professor in Economics, ARSD College, University of Delhi, INDIA

Prof Monojit Chatterji, Bonar Professor of Apllied Economics, University of Dundee, UK and Bye Fellow in Economics and Director of Studies in Economics, Sidney Sussex College, Cambridge, U.K

 

Prof Sudip Chaudhuri, Professor of Economics, Indian Institute of Management, Calcutta, INDIA

Pallavi Chavan, Economist, INDIA

 

Prof Robert Chernomas, Department of Economics, University of Manitoba, CANADA

Dr Lynne Chester, Department of Political Economy, University of Sydney, AUSTRALIA

Prof Victoria Chick, Emeritus Professor of Economics, University College London, UK

Prof Wittayakorn Chiengkul, Professor of Political Economy, Dean of Social Innovation College, Rangsit University, THAILAND

Prof Anis Chowdhury, Professor of Economics, University of Western Sydney, and Co-editor of the Journal of the Asia Pacific Economy, AUSTRALIA

John Christensen, Economic Adviser and Director, Tax Justice Network, London, UK

Kimberly Christensen, Visiting Faculty Member in Economics and Public Policy, Sarah Lawrence College in Bronxville, New York, USA

Dr Mammen Chundamannil, Head of Forest Economics, Kerala Forest Research Institute, INDIA

Dr Edward J. Clay, Senior Research Associate, Overseas Development Institute, London, UK

Prof Pavel Isa Contreras, Professor of Economics, Santo Domingo, DOMINICAN REPUBLIC

Eileen Cook, Scottish Agricultural College, Scotland, UK

Dr Eugenia Correa, Department of Economics, National Autonomous University of Mexico, MEXICO

Prof Marcella Corsi, Professor of Economics, Sapienza University of Rome, ITALY

Prof Carmen Costea, Professor of International Business and Commerce, ASE Bucharest, Founder and President of Alternative Sciences Association, ROMANIA

Prof Christopher Cramer, Professor of the Political Economy of Development, SOAS, UK

Prof James Crotty, Professor Emeritus of Economics and Helen Sheridan Memorial Scholar, UMASS Amherst, USA

Antonio Cuerpo, Economist and Researcher, University Complutense of Madrid, SPAIN

Dr Carlo D’Ippoliti, Assistant Professor of Economics, Sapienza University of Rome, ITALY

Dr Omar S. Dahi, Assistant Professor of Economics, Hampshire College, USA

Dr Gareth Dale, Senior Lecturer in Politics & International Relations, Brunel University, London, UK

Dr Anita Dancs, Assistant Professor, Department of Economics, Western New England University, USA

Dr Charles Danreuther, School of Politics and International Studies, University of Leeds, UK

Dr Guglielmo Forges Davanzati, Associate Professor of Economics, Faculty of Political Sciences, University of Salento, Lecce, ITALY

Prof Chuck David, Professor of Labor Studies, Indiana University, USA

Paul Davidson, Editor of Journal of Post Keynesian Economics, Fellow at Bernard Schwartz Center for Economic Policy Analysis, USA

Prof Joaquim P. de Andrade, Professor of Economics, University of Brasilia, BRAZIL

Dr Elisabetta de Antoni, Associate Professor, Department of Economics, Trento University, ITALY

Dr Catherine de Fontenay, Associate Professor, Melbourne Business School, University of Melbourne, AUSTRALIA

Dr Jan-Emmanuel De Neve, Assistant Professor in Political Economy and Behavioural Science, University College London, UK

Prof Carmen Diana Deere, Distinguished Professor of Food & Resource Economics and Latin American Studies, University of Florida, USA

Benny Dembitzer, Visiting Lecturer in Macroeconomic Theory, Greenwich Business School, University of Greenwich, UK

Dr Firat Demir, Assistant Professor of Economics, University of Oklahoma, USA

Dr Andy Denis, Senior lecturer in political economy, City University London, UK

Dr Richard Denniss, Executive Director, The Australia Institute, AUSTRALIA

Prof Radhika Desai, Author, Department of Political Studies, University of Manitoba, CANADA

Prof Sergio Destefanis, Professor of Economics, University of Salerno, ITALY

Dr Stephen Devereux, Research Fellow, Institute of Development Studies, University of Sussex , UK

Ashok M. Dhareshwar, Retired World Bank Economist and visiting faculty at Indian Institute of Management, Calcutta

Swati Dhingra, Lecturer in Economics, London School of Economics, UK

Prof Robert Dixon, Professor of Economics, University of Melbourne, AUSTRALIA

Prof Thomas L. Dobbs, Professor Emeritus of Economics, South Dakota State Univeristy, USA

José Domingo Villadeamigo, Research Fellow, CEPED, Institute of Economics, FCE-UBA, ARGENTINA

Prof Daniel Drache, Senior Research Fellow and Professor of Political Science, Robarts Centre for Canadian Studies, CANADA

Sarah Dustin, Independent Scholar, University of New Hampshire, USA

Prof Amitava Krishna Dutt, Professor of Economics and Political Science, University of Notre Dame, USA

Dr Graham Dyer, Economics Department, SOAS, University of London, UK

Prof Gary A Dymski, Professor of Economics, University of California, Riverside, USA

Dr Michael Edwards, Senior Lecturer in the Economics of Planning and Leverhulme Emeritus Fellow, The Bartlett School, University College London, UK

Prof Frank Ellis, Professorial Fellow, School of International Development, University of East Anglia, UK

Prof Wolfram Elsner, Author and Professor of Economics, Economics and Business Studies, University of Bremen, GERMANY

Prof Diane Elson, Phd in Economics, Professor at the Centre for Research in Economic Sociology and Innovation, Department of Sociology, University of Essex, UK

Prof Gerald Epstein, Professor of Economics and Co-Director of Political Economy Research Institute (PERI), University of Massachusetts, USA

Dr M. Mustafa Erdogdu, Associate Professor of Economics, Marmara University, TURKEY

Prof Korkut Erturk, Professor of Economics, University of Utah, USA

Mr Ismail Erturk, Senior Lecturer in Banking, Manchester Business School, UK

Prof Jerry Evensky, Professor of Economics, Syracuse University, USA

Prof Guilhem Fabre, Professor of Economics and Chinese Studies, University of Le Havre, FRANCE

Prof Susan Feiner, Professor of Economics and of Women and Gender Studies, University of Southern Maine, USA

Prof Leornardo Felli, Professor of Economics, London School of Economics and Political Science, UK

Dr Jesus Ferreiro, Associate Professor of Economics, University of the Basque Country, SPAIN

Prof Ben Fine, Department of Economics, School of Oriental and African Studies, London, UK

Dr Kade Finnoff, Assistant Professor, Department of Economics, University of Massachusetts, Boston, USA

Prof Mahir Fisunoglu, Professor of Economics, Cukurova University, TURKEY

Mahir Fisunoglu, Department of Economics, Cukurova University Adana, TURKEY

Prof Maria S. Floro, Department of Economics, American University, Washington, USA

Prof Giuseppe Fontana, Professor of Monetary Economics, Head of Economics, Leeds University Business School, University of Leeds, UK

Prof Alan Freeman, Visiting Professor of London Metropolitan University, UK

Dr Ines Freier, Economist, GERMANY

Dr Jose Ricardo Fucidji, Assistant Professor, Department of Economics, UNESP, BRAZIL

Dr Kevin Gallagher, Associate Professor of International Relations and Director of Global Development Policy Program, Boston University, USA

Dr Clara Garcia, Associate Professor, Department of Economics, Complutense University of Madrid, SPAIN

Prof Christian Gehrke, Department of Economics, University of Graz, AUSTRIA

Prof J. George, Chief Promoter, Strategic Economic Management Initiative in Governance, University of Delhi, INDIA

Dr Susan George, Political economist, Transnational Institute

Salvador H. Geranil, Vice Char of Philippine Network of Rural Development Institutes, PHILIPPINES

Prof Jayati Ghosh, Professor of Economics, Jawaharlal Nehru University, INDIA

Prof Andrea Ginzburg, Professor of Economics, University of Modena and Reggio Emilia, ITALY

Dr Mwangi wa Githinji, Assistant Professor of Economics, Thompson Hall, University of Massachusetts, USA

Dr David Gold, Associate Professor, Phd Economics, International Affairs Program, The New School, New York, USA

Francois Gobbe, Coordinator Kairos Europe WB, BRUSSELS

Prof Don Goldstein, Professor of Economics, Allegheny College, Meadville, USA

Dr Sara Gorgoni, Lecturer in Economics and Business, Business School, University of Greenwich, UK

Rahul Goswami, Social Sector Researcher, National Agriculture Innovation Project, Ministry of Agriculture, INDIA

Prof Ian Gough, Emeritus Professor, University of Bath, and Professorial Research Fellow, London School of Economics, UK

Dr Krishn A. Goyal, Convener & Head of Management Department, Bhupal Nobles College, Udaipur, INDIA

Prof Ilene Grabel, Department of Economics, University of Denver, USA

Prof John Groenewegen, Professor of Economics of infrastructures, Delft University of Technology, NETHERLANDS

Joseph Halevi, Department of Political Economy, University of Sydney, AUSTRALIA

Prof Ferda Halicioglu, Professor of Economics, Yeditepe University, TURKEY

Dr Peter Hall, Associate Professor, Urban Studies, Simon Fraser University, CANADA

Dr David Hall-Matthews, Senior Lecturer in International Development School of Politics and International Studies, University of Leeds, UK

Lesie Hamilton, Associate Lecturer in Economics, Leeds Metropolitan University, UK

Prof Geoff Harcourt, Visiting Professorial Fellow at Australian School of Business, University of New South Wales, AUSTRALIA

Prof Jane Harrigan, Department of Economics, SOAS, University of London, UK

Prof Gillian Hart, Chair of Development Studies, University of California, Berkeley, USA

Dr Neil Hart, Senior lecturer, School of Economics and Finance, University of Western Sydney, AUSTRALIA

Prof Martin Hart-Landsberg, Professor of Economics, Lewis and Clark College, USA

Dr Ingrid Hartmann, Agricultural Economist, Berlin, GERMANY

Dr Joop Hartog, Emeritus Professor of Economics, Amsterdam School of Economics University of Amsterdam, NETHERLANDS

Dr James Heintz, Associate Research Professor, Political Economy Research Institute, University of Massachusetts, USA

Anton Hellesøy, Economist and Independent consultant, NORWAY

Andrew Hepburn, Commodity Analyst, CANADA

Dr Barry Herman, Visiting Senior Fellow, Graduate Program in International Affairs, The New School, New York, USA

Arturo Hermann, Senior Research Fellow at ISTAT, Rome, ITALY

Dr Adam Hersh, Economist, Center for American Progress, USA

Dr Gillian Hewitson, Department of Political Economy, University of Sydney, AUSTRALIA

Nicholas Hildyard, Director of The Corner House, UK

Prof Susan Himmelweit, Professor of Economics, Faculty of Social Sciences, Open University, UK

Prof Geoffrey M. Hodgson, Research Professor in Business Studies, University of Hertfordshire, UK

Dr Raul Hopkins, Consultant on agricultural issues and information technologies, Lima, PERU

Dr David Hudson, Lecturer in Political Economy, Department of Political Science, University College London, UK

David Hulme, Professor of Development Studies, School of Environment and Development, University of Manchester, Head, Institute for Development Policy and Management, Executive Director, Brooks World Poverty Institute, CEO, Effective States and Inclusive Development, UK

Veronika Hummer, German Institute for Economic Research, Berlin, GERMANY

Prof Grazia Ietto-Gillies, Emeritus Professor of Applied Economics, London South Bank University, UK

Dr Katsushi Imai, Associate Professor in Development Economics, Department of Economics and Brooks World Poverty Institure, University of Manchester, UK

Gustavo Indart, Senior Lecturer, Department of Economics, University of Toronto, CANADA

Dr Davide Infante, Associate Professor of Political Economy Department of Economics and Statistics University of Calabria, ITALY

Prof George Irvin, Professorial Research Associate in Economics, SOAS, University of London, UK

Prof Toru Iwami, Professor of Economics, University of Tokyo, JAPAN

Dr Johannes Jäger, University of Applied Sciences BFI Vienna, AUSTRIA

Prof Jesper Jespersen, Professor of Economics, Roskilde University, DENMARK

Ravinder Jha, Lecturer, University of Delhi, INDIA

Anne Marie John, Economist, Economic Research Foundation, New Delhi, INDIA

Prof James Johnson, Department of Political Science, University of Rochester, New York, USA

Dr Michael Johnson, Associate Professor at School of Social Science and International Studies, University of New South Wales, Sydney, AUSTRALIA

Prof Sir Richard Jolly, Institute of Development Studies, University of Sussex. UK

Mr Tinu Joseph, Jawaharlal Nehru University, New Delhi, INDIA

Prof P.N. Junankar, Professorial Visiting Fellow, School of Economics, University of New South Wales and Emeritus Professor, University of Western Sydney, AUSTRALIA

David Kane, Associate for Latin America and Economic Justice, Maryknoll Office for Global Concerns, USA

Woojin Kang, Researcher, Crawford School of Economics and Government. Australian National University, AUSTRALIA

Dr Nikolaos Karagiannis, Associate Professor of Economics, Department of Economics & Finance, Winston-Salem State University, North Carolina, USA

Dr Zahra Karimi, Assistant Professor of Economics, University of Mazadaran, IRAN

Prof Massoud Karshenas, Professor of Economics, School of Oriental and African Studies, University of London, UK

Dr Emily Kawano, Executive Director, Center for Popular Economics & Solidarity Economy Network, USA

Prof Cristobal Kay, Emeritus Professor, International Institute of Social Studies, Erasmus University Rotterdam, NETHERLANDS.

Dr Steve Keen, Associate Professor in Economics and Finance, University of Western Sydney, AUSTRALIA

Prof Saul Keifman, Professor of Economics and Chair of the Economics Major School of Economics Sciences, University of Buenos Aires, ARGENTINA

Prof Neil M. Kellard, Professor of Finance, Essex Business School, University of Essex, UK

Dr Stephanie A. Kelton, Associate Professor of Economics, University of Missouri-Kansas City, USA

Ahmet Kerem Özdemir, Research and Teaching Assistant, Finance Department, School of Business Administration, Istanbul University, TURKEY

Dr Prue Kerr, Department of Economics, University of Adelaide, South Australia, AUSTRALIA

Prof Farida C Khan, Professor of Economics, University of Wisconsin - Parkside, USA

Prof Sushil Khanna, Professor of Economics and Strategic Management, Indian Institute of Management Calcutta, INDIA

Prof Mushtaq Husain Khan, Department of Economics, School of Oriental and African Studies, University of London, UK

Kijong Kim, Research Scholar, The Levy Economics Institute of Bard College Blithwood, New York, USA

Prof Mary C King, Professor of Economics, Portland State University, Oregon, USA

Dr Godbertha Kinyondo, Lecturer in Economics, Mzumbe University, Dar es Salaam Business College, TANZANIA

Prof Nikoi Kote-Nikoi, Professor of Economics, S.I.T Graduate Institute, Vermont, USA

Dr David Kristjanson-Gural, Associate Professor of Economics, Social Justice College, Lewisburg, USA

Mr Andrey Kuleshov, Economist at the Common Fund for Commodities, Amsterdam, NETHERLANDS

Dr Uday Kumar, Associate Professor and Coordinator, Department of International Business,University College Mangalore, INDIA

Dr C. Nalin Kumar, Assistant Professor of Economics and Policy Research, Indian Institute of Plantation Management Bangalore, INDIA

Prof Amiya Kumar Bagchi, First Chancellor, Tripura Central University, Director Institute of Development Studies Kolkata, Calcutta University Alipore Campus, INDIA

Prof Sarosh Kuruvilla, Professor, School of Industrial and Labor Relations, Cornell University, USA

Dr Pierre Lacour, Clinical Assistant Professor, Coordinator of Economics, New York University, USA

Dr Thomas Lambert, Lecturer in Economics, Indiana University Southeast, New Albany, USA

Prof Michael Landesmann, Professor of Economics and Scientific Director, Vienna Institute for International Economic Studies, AUSTRIA

Stewart Lansley, Research Fellow in Economics, University of Bristol, UK

Alessandra lanza, Chief Economist, Prometeia Spa Financial Consulting, ITALY

Dr Alberto Lanzavecchia, Assistant Professor in Corporate Finance University of Padova, ITALY

Prof Costas Lapavitsas, Department of Economics, School of Oriental and African Studies, University of London, UK

Prof Marc Lavoie, Department of Economics, University of Ottawa, CANADA

Alejandro Ignacio Lazarte, MA, Zurich Financial Services, SWITZERLAND

Dr Jonathan Leape, Senior Lecturer in Economics, London School of Economics and Political Science, UK

Prof Dennis Leech, Professor of Economics, Warwick University and Research Associate, CPNSS, London School of Economics, UK

Prof Margaret Levenstein, Professor of Business Economics and Public Policy, University of Michigan, USA

Dr Minqi Li, Associate Professor, Department of Economics, University of Utah, USA

Dr Dan Li, Assistant Professor in Finance, School of Economics and Finance University of Hong Kong, HONG KONG

Dr Carlos F. Liard-Muriente, Associate Professor and Chair of the Department of Economics, Central Connecticut State University, USA

 Thomas Lines, Author of Making Poverty: A History, UK

Prof Sumanasiri Liyanage, Professor of Economics, University of Peradeniya, SRI LANKA

Juan José Llach, Director, Center for the Study of Government, Business, Society and the Economy, IAE Business School, Universidad Austral, ARGENTINA

Prof John Loxley, Department of Economics, University of Manitoba, CANADA

Prof Miguel Martinez Lucio, Manchester Business School, Manchester University, UK

Dr Hans-Jochen Luhmann, Research co-ordinator of future energy and mobility structures, Wuppertal-Institut, GERMANY

Prof Nora Lustig, Samuel Z. Stone Professor of Latin American Economics, Tulane University, USA

Prof Arthur MacEwan, Professor Emeritus of Economics, University of Massachusetts, Boston, USA

Mario Machungo, Economist and Chairman of Banco Internacional de Mocambique, Maputo, MOZAMBIQUE

Dr Donald MacLaren, Associate Professor and Director of Asian Economic Centre, University of Melbourne, AUSTRALIA

Dr Rasigan Maharajh, Chief Director, Institute for Economic Research on Innovation, Tshwane University of Technology, SOUTH AFRICA

Dr Fadhil A. Mahdi, Senior Economist, Formerly Chief of the Economics Analysis Division, United Nations Economic and Social Commission for Western Asia

Dr Kamil Mahdi, Economist, Visiting Senior Fellow, Middle East Centre, London School of Economics, UK

Dr Chinglen Maisnam, Assistant Professor of Economics, Manipur University, INDIA

Casmir Makoye, Director of SME Competitiveness Facility, Dar Es Salaam, TANZANIA

Dr Stanley Malinowitz, Associate Professor of Economics, Universidad Nacional de Colombia, COLOMBIA

Steve Mandel, Research Associate, Department of International Development, Birmingham University, UK

Jens Martens, Director, Global Policy Forum Europe, GERMANY

Dr Nuno Miguel Ornelas Martins, Assistant Professor, Faculty of Economics and Management, Portuguese Catholic University, PORTUGAL

Dr Pietro Masina, Associate Professor of Applied Economics,University of Naples, ITALY

Dr Thomas Masterson, Research Scholar, Levy Economics Institute of Bard College, USA

Prof Julie Mattaei, Professor of Economics, Wellesley College, USA

Dr Reza Mazhari, Assistant Professor in Economics, Gonbad Kavoss, IRAN

Dr Kathleen McAfee, Associate Professor in International Relations and Political Economy, San Francisco State University, USA

Dr Elaine McCrate, Associate Professor, Economics and Women's Studies, University of Vermont, CANADA

Prof Terrence McDonough, Department of Economics, National University of Ireland, Galway, IRELAND

Dr Margaret McKenzie, Lecturer in Economics, Deakin University, AUSTRALIA

Dr Robert McMaster, Business School, University of Glasgow, Glasgow, UK

Dr Andrew Mearman, Associate Head of Accounting, Economics and Finance Department, University of the West of England, UK

James Medway, Senior Economist, New Economics Foundation, UK

Prof Michael Meeropol, Visiting Professor of Economics, City University of New York, USA

Dr Tesfa Mehari, International Partnerships Coordinator, Department of International Business & Economics, University of Greenwich, UK

Dr Martin Melkonian, Adj. Associate Professor of Economics, Hofstra University, USA

Prof Mary Mellor, Emeritus Professor of Social Science, Northumbria University, UK

Dr Emel Memis, Assistant Professor of Economics, Ankara University, TURKEY

Dr Helen Mercer, Senior Lecturer Business Economics, Business School, University of Greenwich, UK

Prof Peter B. Meyer, Professor Emeritus of Urban Policy and Economics and President and Chief Economist of the E.P Systems Group, Inc

Prof John Miller, Professor of Economics, Wheaton College, Norton, USA

Prof Marco Missaglia, Professor of International Economics and General Equilibrium Modelling, University of Pavia, ITALY

Dr Rudra Narayan Mishra, Assistant Professor of Economics, Gujarat Institute of Development Research, Ahmedabad, INDIA

Prof Nobuki Mochida, Professor of Economics, University of Tokyo, JAPAN

Prof Oudebji Mohamed, Professor of International Economic Law of Development, Marrakech, MOROCCO

Prof Mritiunjoy Mohanty, Professor, Economics Group, Indian Institute of Management Calcutta, Kolkata, INDIA

Prof Simon Mohun, Emeritus Professor of Political Economy, Queen Mary, University of London, UK

Prof Mario Morroni, Professor of Economics, Department of Economics, University of Pisa, ITALY

Dr John Morrow, Research Economist, CEP at London School of Economics, UK

Dr Tracy Mott, Associate Professor and Department Chair of Economics, University of Denver, USA

Prof Sam Moyo, African Institute for Agrarian Studies (AIAS), ZIMBABWE

Prof Ananya Mukherjee-Reed, Professor and Chair, Department of Political Science, York University, Toronto, CANADA

Richard Murphy, Director, Tax Research UK

Sreeram Mushty, Freelance Economist & Chartered Accountant, MS Sastri Chambers, Vijayawada, INDIA

Shri Sanat Kumar Naik, Economist, State Bank of India, INDIA

Nitya Nanda, Fellow, Centre for Global Agreements, Legislation and Trade (GALT), Resources, Regulation and Global Security Division, The Energy and Resources Institute (TERI), New Delhi, INDIA

Dr Corinne Nativel, Senior Lecturer in Social Sciences, University of Franche-Comté, FRANCE

Prof Vincent Navarro, Professor of Public Policy, The Johns Hopkins University, USA

Dr Ioana Negru, Senior Lecturer in Economics, Anglia Ruskin University, UK

Dr Michaela Neumayr, Economist, Vienna University of Economics and Business, AUSTRIA

Paul Newlin, Lecturer, Environmental Policy, Amherst College & University of Massachusetts, USA

Dr Howard Nicholas, Senior Lecturer in Economics, Eurasmus University of Rotterdam, NETHERLANDS

Prof Eric Nilsson, Professor of Economics, California State University, USA

Prof Augusto Ninni, Professor of Industrial Organization at the University of Parma, ITALY

Prof Machiko Nissanke, Professor of Economics, SOAS, University of London, UK

Dr Hassan E. Oaikhenan, Department of Economics & Statistics University of Benin, NIGERIA

Prof Mehmet Odekon, Professor of Economics, Skidmore College, USA

Prof Rod O'Donnell, Professor of Economics, University of Technology, Sydney, AUSTRALIA

 Samuel O. Oloruntoba, Doctoral Candidate and Lecturer, Department of Political Science, University of Lagos, NIGERIA

Dr Wendy Olsen, Senior Lecturer in Socio-Economic Research, University of Manchester, UK

Prof Mojubaolu Olufunke Okome, Professor of Political Science, Brooklyn College, CUNY, New York, USA

Prof G. Omkarnath, Department of Economics, University of Hyderabad, INDIA

Dr Ozlem Onaran, Senior Lecturer in Economics, University of Westminster, UK

Prof Ahmet Oncu, Professor of Economics, Sabanci University, TURKEY

Noemi Levy Orlik, Economic Lecturer, School of Economics, UNAM, MEXICO

Dr Quentin Outram, Senior Lecturer in Economics, Leeds University Business School, UK

Dr Carlos Oya, Senior Lecturer in Political Economy of Development, School of African and Oriental Studies, University of London, UK

Dr Adam Ozanne, Senior Lecturer in Economics, University of Manchester, UK

Prof Mustafa Ozer, Professor of Economics, Anadolu University, TURKEY

Dr Ilhan Ozturk, Assistant Professor and Coordinator, International Relations & Erasmus, Cag University, TURKEY

Dr Aaron Pacitti, Assistant Professor of Economics, Siena College, USA

Adel Paighami, Dean of Interdisciplinary Research Center for Social Sciences, Economics Faculty, Imam Sadiq University, IRAN

Dr Parthapratim Pal, Associate Professor of Economics, Indian Institute of Management Calcutta, INDIA

Radhakrushna Panda, Senior Research Officer, Centre for Microfinance Research, Bankers Institute of Rural Development, INDIA

Prof Dimitri Papadimitriou, President and Professor of Economics, Levy Economics Institute, New York, USA

Prof Man Seop Park, Professor of Economics, Korea University, SOUTH KOREA

Dr Raj Patel, Author and Research Fellow, School of Development Studies, University of KwaZulu-Natal, Durban, SOUTH AFRICA

Prof Ruth Pearson, Professor of International Development, University of Leeds, UK

Jamie Peck, Research Chair in Urban and Regional Political Economy, University of British Columbia, CANADA

Prof Fernando Pellerano, Professor of Economics, Universidad Autónoma de Santo Domingo, DOMINICAN REPUBLIC

Dr Michael Perelman, Professor of Economics, California State University, USA

Prof Virginie Pérotin, Professor of Economics, Leeds University Business School, UK

Dr Karl Petrick, Assistant Professor, Department of Economics, Western New England University USA

Ann Pettifor, Director of Policy Research in Macroeconomics, UK

Dr Lynda J. Pickbourn, Assistant Professor of Economics, Keene State College, USA

Prof J F Pixley, Honary Professorial Research Fellow, Global Policy Institute, London Metropolitan University, UK

Prof Robert Pollin, Department of Economics and Political Economy Research Institute (PERI), University of Massachusetts-Amherst, USA

Prof Alexander Cotte Poveda, Professor of Economics, University of La Salle, USA

Prof Bernard van Praag, University of Amsterdam, AMSTERDAM

Ms Sajin Prachason, Sustainable Agriculture Foundation, THAILAND

Prof Eleuterio F. S. Prado, Professor of Political Economy, University of Sao Paulo, BRAZIL

Prof Robert E. Prasch, Professor of Economics,Middlebury College, USA

Dr Renee Prendergast, Reader, Queen's University Management School, Belfast, NORTHERN IRELAND

David Primack, Executive Director, International Lawyers and Economists Against Poverty (ILEAP), CANADA

Prof Adam Przeworski, Carroll and Milton Petrie Professor, Department of Politics, New York University, USA

Prof Alicia Puyana Mutis, Latin American Faculty of Social Sciences, Flasco, MEXICO

Mr Hugo Radice, Life Fellow, School of Politics and International Studies, University of Leeds, UK

Dr Kunibert Raffer, Associate Professor, Department of Economics, University of Vienna, AUSTRIA

Dr Anton Rainer, Federal Ministry of Finance, Vienna, AUSTRIA

Prof Indira Rajaraman, Honorary Visiting Professor, Indian Statistical Institute, INDIA

Prof V. K. Ramachandran, Professor, Indian Statistical Institute, Kolkata, INDIA

Prof K.V. Ramaswamy, Professor, Indira Gandhi Institute of Development Research, INDIA

Prof Paolo Ramazzotti, Professor of Economic Policy, University of Macerata, ITALY

Prof D. Narasimha Reddy, Professor of Economics, University of Hyderabad, INDIA

Howard Reed, Director, Landman Economics, UK

Prof Michael Reich, Professor of Economics and Director of Institute for Research on Labour and Employment, University of California at Berkeley, USA

Dr Paolo de Renzio, Senior Research Fellow, International Budget Partnership, Research Associate, Global Economic Governance Programme, University of Oxford, UK

Prof Colin Richardson, Adjunct Professor of Economics Centre for International Security Studies, University of Sydney, AUSTRALIA

Prof Christopher Ritson, Professor Emeritus, Trustee Director of the Food Ethics Council and Professor of Agricultural Marketing, Newscastle University Agricultural Building, UK

Prof Michael T. Rock, Samuel and Etta Wexler Professor of Economic History, Bryn Mawr College, USA

Dr Leopoldo Rodriguez, Associate Professor in International Development Studies, Portland State University, USA

Prof Alessandro Roncaglia, Professor of Economics, Sapienza University of Rome, ITALY

Prof Sergio Rossi, Professor of Economics, University of Fribourg, SWITZERLAND

Prof Roy J. Rotheim, Professor of Economics, Skidmore College, New York, US

Dr B. P. Syam Roy, IAS (Retd), West Bengal, INDIA

Prof Guillermo Rozenwurcel, Director of IDEAS Centre, San Martin National University, ARGENTINA

Dr Kobil Ruziev, Lecturer in Economics, Programme Director MSc Banking and Financial Regulation, School of Management and Business Aberystywth University, UK

Muhammad Sabir, Principal Economist, Social Policy and Development Centre, PAKISTAN

Dr Peter Sai-Wing Ho, Associate Professor of Economics, University of Denver, USA

Prof Wiemer Salverda, Director of AIAS, and special Chair Labour Market and Inequality, University of Amsterdam, NETHERLANDS

Dr Wiemer Salverda, General Director of AIAS, and special Chair Labour Market and Inequality, University of Amsterdam, NETHERLANDS

Dr Diego Sanchez-Ancochea, University Lecturer in the Political Economy of Latin America, University of Oxford, UK

Dr Sankersan Sarkar, Assistant Professor of Finance, NIIT University, Rajasthan, INDIA

Prof Rubens R. Sawaya, Professor of Economics, Sao Paul Catholic Pontificia University, BRAZIL

Prof Malcolm Sawyer, Professor of Economics, University of Leeds, UK

Dr Harwood D. Schaffer, Research Assistant Professor, Agricultural Policy Analysis Center, Department of Agricultural and Resource Economics, University of Tennessee Institute of Agriculture, USA

Prof Hans Schenk, Chaired Professor of Economics, Department of Economics, Utrecht University, NETHERLANDS

Dr Ted P. Schmidt, Associate Professor of Economics and Finance SUNY, USA

 Karin Schoenpflug, Economist, Institute for Advanced Studies, University of Vienna, AUSTRIA

Dr Evert Schoorl, Economist and Director of graduate studies, Groningen University, NETHERLANDS

Dr Juliet Schor, Phd Economics, Boston College, USA

Dr Molly Scott Cato, Reader in Green Economics, Cardiff School of Management, UK

Prof Mario Seccareccia, Department of Economics, University of Ottawa, Ontario, CANADA

Prof Stephanie Seguino, Department of Economics, University of Vermont, USA

Professor Sunanda Sen, Visiting Professor, Jamia Millia Islamia University, New Delhi, INDIA

Dr Esther-Mirjam Sent, Professor of Economics at Radboud University, Nijmegen, the Netherlands and Member of the Senate of the Netherlands, NETHERLANDS

Prof Ardeshir Sepehri, Professor of Economics, University of Manitoba, CANADA

Dr John Serieux, Associate Professor of Economics, University of Manitoba, CANADA

Prof Mark Setterfield, Professor of Economics and Chair Department of Economics, Trinity Colelge, Hartford, USA

Prof Anwar Shaikh, Professor of Economics, New School of Social Research, New York, USA

Reader Benjamin Shepherd, Food Security in Asia Program, Centre for International Security Studies, University of Sydney, AUSTRALIA

Prof Tokutaro, Shibata, Professor of Economics, University of Tokyo, JAPAN

Sabira Ahamed Shine, Research Associate, ICSSR Research Project, School of Management Studies, Cocin University of Science and Technology, INDIA

Dr Chen Shuoying, Assistant Professor, Chinese Academy of Social Sciences, CHINA

Dr Kalim Siddiqui, Senior Lecturer in International Economics, Business School, University of Huddersfield, UK

Prof Francesco Silva, Professor of Economics, Milano-Bicocca University, ITALY

Prof Maria Luiza Falcão Silva, Professor of Economics, University of Brasilia, BRAZIL

Dr John Simister, Department of Economics, SOAS, University of London, UK

Dr John Simister, Senior teaching fellow, Economics department, School of Oriental and African Studies, University of London, UK

Dr Pritam Singh, Reader in Economics, Oxford Brookes University, UK

Prof Anna Soci, Professor of Economics at the University of Bologna, ITALY

Prof Funmi Soetan, Professor of Economics and Director at Center for Gender and Social Policy Studies, Obafemi Awolowo University, NIGERIA

Dr Stefano Solari, Associate Professor of Political Economy, Padova University, ITALY

Dr  Somannavar, Department of Economics, KLE Society's Lingaraj College, Karnataka, INDIA

Prof Cem Somel, Professor of Economics, Abant Izzet Baysal University, TURKEY

Dr Godwin Sree Kulakkal, Assistant Professor, Department of Economics, Government College for Women, Kerala, INDIA

Prof Ravi S. Srivastava, Professor of Economics, Centre for the Study of Regional Development, Jawaharlal Nehru University, New Delhi, INDIA

Dr Eduardo Stachman, Assistant Professor, Department of Economics, Sao Paul State University, BRAZIL

Prof Howard Stein, Professor of Development Economics, Afroamerican and African Studies, University of Michigan, USA

Prof Engelbert Stockhammer, Professor of Economics, Kingston University, UK

Dr Servaas Storm, Department of Economics of Innovation, Delft University of Technology, Delft, NETHERLANDS

Dr Eduardo Strachman, Assistant Professor of Economics, Sao Paulo State University, BRAZIL

 Larry D. Su, Senior Lecturer, School of Business, University of Greenwich, UK

Dr David Sunderland, Reader and Principal Lecturer, University of Greenwich, UK

Prof Madhura Swaminathan, Indian Statistical Institute, INDIA

Dr Valeria Szekeres, Associate Professor of Economics, Obuda University, Budapest, HUNGARY

Dr Szabolcs Szikszai, Senior Lecturer in Finance and Economics, University of Pannonia, HUNGARY

Prof Giulio Tagliavini, Professor of Business Finance, Parma University, ITALY

Prof Haruhito Takeda, Economic Historian, Faculty of Economics, Tokyo University, Japan

Dr John M. Talbot, Senior Lecturer in Sociology, Department of Sociology, Psychology and Social Work University of the West Indies, JAMAICA

Dr Jeff Tan, Assistant Professor of Development Studies, Aga Khan University, UK

 

Prof Ke Tang, Hanqing Advanced Institute of Economics and Finance and School of Finance,  Renmin University of China, CHINA

Dr Pavlina R. Tcherneva, Assistant Professor of Economics, Franklin and Marshall College, USA

Dr Khemarat T. Teerasuwannajak, Department of Economics, Chulalongkorn University, THAILAND

 

Bilge Terzioglu, Department of Economics, Isik University, Istanbul, TURKEY

Dr Jose Rafael Tesoro, Lecturer in Economics, University of Buenos Aires, ARGENTINA

Mr Albin Thaarcis, Assistant Professor of Economics, St Xavier’s College, INDIA

Dr Frank Thompson, Lecturer in Economics, Residential College, University of Michigan, USA

Prof Mario Tiberi, Professor of Political Economy, Sapienza, University of Rome, ITALY

Dr Gunther Tichy, Austrian Institute of Economic Research, AUSTRIA

Prof Chris Tilly, Professor of Urban planning and sociology and Director, Institute for Research on Labor and Employment UCLA, Los Angeles, USA

Dr Zdravka Todorova, Assistant Professor, Department of Economics, Raj Soin College of Business, Wright State University, Ohio, USA

Prof Mario Tonveronachi, Professor of Financial Systems, University of Siena, ITALY

Prof Jan Toporowski, Professor of Economics and Finance, School of Oriental and African Studies, University of London, UK

Prof Mariano Torras, Professor of Economics, Adelphi University, USA

Dr Andres Torres, Distinguished Lecturer, Department of Latin American and Puerto Rican Studies, Lehman College/CUNY, New York, USA

Dr Oscar Ugarteche, Institute of Economic Investigations, UNAM, Ciudad University, MEXICO,

Dr Mehmet Ugur, Reader in Political Economy, International Business and Economics, University of Greenwich Business School, UK

Prof Vittorio Valli, Professor of Economic Policy, Turin University, ITALY

Prof Rolph van der Hoeven, Professor of Employment and Development Economics, International Institute of Social Studies (ISS), Erasmus University, NETHERLANDS

Prof Irene van Staveren, Professor of Pluralist Development Economics, ISS, Erasmus University Rotterdam, NETHERLANDS

Dr Elisa Van Waeyenberge, Lecturer in Economics, School of Oriental and African Studies, University of London, UK

Roberto Veneziani, Senior Lecturer, School of Economics and Finance, Queen Mary University of London, UK

Dr Matías Vernengo, Associate Professor of Economics, University of Utah, USA

Dr Rudi von Arnim, Assistant Professor of Economics, University of Utah, USA

Andrew Watt, Senior Researcher in Economics, European Trade Union Institute

Prof John Weeks, Professor Emeritus of Economics, School of Oriental and African Studies, UK

Dr Scott A. Weir, Wake Technical Community College, Raleigh, NC, USA

Mark Weisbrot, Co-Director of Center for Economic and Policy Research, Washington, USA

Prof Thomas E. Weisskopf, Professor Emeritus of Economics, University of Michigan, USA

Prof Philip B. Whyman, Director, Lancashire Institute for Economic and Business Research, University of Central Lancashire, UK

Dr Jeannette Wicks-Lim, Assistant Research Professor, Political Economy Research Institute, University of Massachusetts, Amherst, USA

Prof Rorden Wilkinson, Professor of International Political Economy, School of Social Sciences and Research Director, Brooks World Poverty Institute, University of Manchester, UK

Timothy A. Wise, Director, Research and Policy Program, Global Development and Environment Institute, Tufts University, Medford, USA

Dr Martin Wolfson, Associate Professor of Economics, University of Notre Dame, USA

Prof Enrico Wolleb, Director ISMERI EUROPA, Roma, ITALY

Dr Andrew Wood, Reader in Finance, Essex Business School, University of Essex, UK

Prof Chenggang Xu, Quoin Professor in Economic Development, University of Hong Kong, HONG KONG

Prof Mo Yamin, Professor of International Business, Manchester Business School, UK

Dr Yavuz Yasar, Associate Professor, Department of Economics, University of Denver, USA

Prof Erhan Yildirim, Department of Economics, Cukurova University, Adana, TURKEY

Prof Brigitte Young, Institute for Political Science, University of Muenster, GERMANY

Dr Elizabeth Young, Lecturer in Food and Agriculture, University of Staffordshire, UK

Dr June Zaccone, Associate Professor of Economics (Emerita), Hofstra University Hempstead, New York, USA

Prof Angelika Zahrnt, Professor of Economics, Bund fur Umwelt und Naturschutz, GERMANY

Nimrod Zalk, Deputy Director-General, Industrial Development Division, Department of Trade and Industry, SOUTH AFRICA

Dr Luisa Zanchi, Lecturer in Economics, University of Leeds, UK



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