Selected Publications

Books and Edited Volumes

·           Behavioural Economics and Finance, Routledge. Forthcoming 2012

·           Running Regressions: A Practical Guide to Quantitative Research in Economics, Finance and Development Studies, Cambridge: Cambridge University Press, April 2009. With Diana Barrowclough.

·           Investment: Theories and Analysis, Basingstoke: Palgrave Macmillan, 2003.

·           Economic Growth: New Directions in Theory and Policy, 2007, Cheltenham: Edward Elgar, co-edited with Philip Arestis and John McCombie.

·           The ‘New’ Monetary Policy: Implications & Relevance, 2005, Cheltenham: Edward Elgar, co-edited with Philip Arestis and John McCombie.

·           Globalisation, Regionalism and Economic Activity, 2003, Cheltenham: Edward Elgar, co-edited with Philip Arestis and John McCombie.

·           What Global Economic Crisis? 2001 (hardback), 2004 (paperback), London: Palgrave Macmillan, co-edited with Philip Arestis and John McCombie.

Articles, Working Papers and Book Reviews

·           Herding in Financial Behavior: The Impact of Individual Differences, Journal of Economic Behavior and Organisation, accepted subject to revision. With C Burke, G Christopoulos, P Tobler and W Schultz.

·           Globalisation and wage differentials: a spatial analysis, forthcoming in The Manchester School. With Bernard Fingleton.

·           Neural mechanisms of observational learning, Proceedings of the National Academy of Sciences, 2010, vol. 107(32), pp. 14431-14436 With C Burke, P Tobler and W Schultz.

·           Striatal BOLD response reflects the impact of herd information on financial decisions, Frontiers – Human Neuroscience, 2010, vol 4, article 48. With C Burke, P Tobler and W Schultz.

·           Herding, Social Influence and Economic Decision-Making: Socio-Psychological and Neuroscientific Analyses, Philosophical Transactions of the Royal Society B, 27 January 2010, vol. 365, no. 1538, pp 281-290.

·           Impacts of personality on herding in financial decision-making, Cambridge Working Papers in Economics CWPE No. 1006, January 2010, Faculty of Economics, Cambridge January 2010. With C Burke, W Schultz and P Tobler.

·           Far from a Rational Crowd: Review of George Akerlof and Robert Shiller’s Animal Spirits: How Human Psychology Drives the Economy and Why it Matters for Global Capitalism’, Science , 2009, vol. 324, pp. 883-4.

·           Reviews of H Davies The Financial Crisis, JL Casti’s Mood Matters, J Stiglitz’s Freefall, J Waldfogel’s Scroogenomics, Peter T Leeson’s The Invisible Hook, JM Keynes’s General Theory of Employment, Interest and Money, Amar Bhidé’s The Venturesome Economy and Pete Lunn’s Basic Instincts –for Times Higher Education Supplement, 2009, various issues.

·           Structural shifts in UK Unemployment: The Twin Impacts of Financial Deregulation and Computerisation, Bulletin of Economic Research, 2008, vol. 60, no. 2 (April), pp. 123-157.

·           Poverty, Armed Conflict and Financial Instability, Working Papers in Economics CWPE No. 0857, December 2008, Faculty of Economics, Cambridge.

·           Globalisation and wage differentials: a spatial analysis, Working Papers in Economics CWPE No. 0845, September 2008, Faculty of Economics, Cambridge. With Bernard Fingleton.

·           Herding and Social Pressure in Trading Tasks: A Behavioural Analysis, Cambridge Working Papers in Economics CWPE No. 0730, May 2007, Faculty of Economics, Cambridge. With D Pillas, G Christopoulos, W Schultz & P Tobler

·           The relationship between capital stock, unemployment & wages in nine EMU countries, Bulletin of Economic Research, 2007, vol. 59, no. 2 (April), pp. 149-178. With Philip Arestis & Malcolm Sawyer.

·           Behind the Black Box: a survey of real-world investment appraisal approaches, Empirica, 2006, vol. 33, no. 5 (December 2006), pp. 329-350.

·           Convergence or Divergence? The Impacts of Globalisation on Growth and Inequality in Less Developed Countries, International Review of Applied Economics, 20(3), July 2006, pp. 391-410.

·           Divergence in India: Income Differentials at the State Level, 1970-97', Journal of Development Studies, 2006, 42(6), August 2006, pp. 1000-1022. With Kirsty McNay and Robert Cassen.

·           Bubbles or Whirlpools? An empirical analysis of the impacts of speculation and financial uncertainty on investment, 2006, in R. Holt and S. Pressman (eds), Empirical Post Keynesian Economics: Looking at the Real World, M.E. Sharpe.

·           An introduction to prior information derived from probabilistic judgments; elicitation of knowledge, cognitive bias and herding, Geological Prior Information: Informing Science and Engineering, 2005, (edited by A. Curtis and R. Wood), Geological Society, London, Special Publications No. 239, pp. 15-27.

·           Are tourists willing to pay for aesthetic quality? An Empirical Assessment from Krabi Province, Thailand, Tourism Economics, 2004, 10(1), pp.45-61. Reprinted in T. Huybers (ed), Tourism in Developing Countries (2007) Edward Elgar, Cheltenham.

·           An Historical Perspective on Speculative Bubbles and Financial Crisis: Tulipmania and the South Sea Bubble, in What Global Economic Crisis?, 2001, P. Arestis, M.C. Baddeley & J. McCombie (eds), with John McCombie.

·           Regional Wage Rigidity: The European Union and United States Compared, Journal of Regional Science, 2000, 40(1): 115-141, with R Martin and P Tyler.

·           European Regional Unemployment Disparities: Convergence or Persistence? European Urban and Regional Studies, 1998, 5(3): 195-215, with R Martin and P Tyler.

·           Transitory Shock or Structural Shift?  The Impact of the Early-1980s Recession on British Regional Unemployment, Applied Economics, 1998, 30(1): 19-30. With R Martin and P Tyler.