450 economists call on G20 finance ministers to stop speculation fuelling hunger

Monday, 11 October, 2010

More than 450 economists from over 40 countries have called on the G20 finance ministers, who are meeting in Paris this week, to take urgent action to stop financial speculation in commodity markets driving up food prices and fuelling hunger. 

'Excessive financial speculation is contributing to increasing volatility and record food prices, exacerbating global hunger and poverty,’ say the economists in a letter to the finance ministers. ‘With around 1 billion people enduring chronic hunger worldwide, action is urgently needed to curb excessive speculation and its effects on global food prices.

Economists from top universities including Cambridge, Oxford, Berkeley, Cornell and the London School of Economics have signed the letter, adding their voices to an escalating international campaign. The United Nations Food and Agriculture Organisation, the Pope, French President Nicolas Sarkozy and Starbucks CEO Howard Schultz are among those who have already spoken out in favour of curbing speculation.

The G20 agriculture ministers have also called on their finance counterparts to introduce tighter regulation. Speculation is one of a range of issues to be discussed at the finance ministers’ meeting.

The US has moved to control speculation, and European proposals for similar rules are expected to be announced next week. But the UK government is set to block European legislation.

Neil Kellard, Professor in Finance at the University of Essex, who signed the letter, said today:

Over-speculation can steer commodity prices away from fair levels indicated by the supply and demand for food and push the poorest further into chronic hunger. Conversely, very little evidence exists that the recent high levels of commodity investing are necessary to meet hedging demand or promote pricing efficiency in financial markets. Position limits can be set to dampen commodity price movements whilst maintaining and probably enhancing market function."

Deborah Doane, director of the World Development Movement, said today:

Excessive lobbying from the finance sector seems to be delaying political action, both here in the UK, and elsewhere. This is despite the obvious suffering caused by speculation on this most basic human need, and despite the growing number of voices calling for action. Instead of propping up cynical financial gambling by speculators, the G20 finance ministers must act to ensure that strict rules are put in place to limit the hold of bankers over the world’s food markets."

The full text of the economists' letter

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
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  • 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
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  • Dr Hassan E. Oaikhenan, Department of Economics & Statistics University of Benin, NIGERIA
  • Prof Mehmet Odekon, Professor of Economics, Skidmore College, USA
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  •  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
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  • 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
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  • 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
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  • 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
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  • Prof Indira Rajaraman, Honorary Visiting Professor, Indian Statistical Institute, INDIA
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  • Prof Paolo Ramazzotti, Professor of Economic Policy, University of Macerata, ITALY
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  • 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
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  • Dr B. P. Syam Roy, IAS (Retd), West Bengal, INDIA
  • Prof Guillermo Rozenwurcel, Director of IDEAS Centre, San Martin National University, ARGENTINA
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  • 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
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  • 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
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  • 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
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  • Professor Sunanda Sen, Visiting Professor, Jamia Millia Islamia University, New Delhi, INDIA
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  • Prof Ardeshir Sepehri, Professor of Economics, University of Manitoba, CANADA
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  • Reader Benjamin Shepherd, Food Security in Asia Program, Centre for International Security Studies, University of Sydney, AUSTRALIA
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  • 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
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  • Dr Pritam Singh, Reader in Economics, Oxford Brookes University, UK
  • Prof Anna Soci, Professor of Economics at the University of Bologna, ITALY
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  • 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
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  • 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
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  • Dr Pavlina R. Tcherneva, Assistant Professor of Economics, Franklin and Marshall College, USA
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  • Dr Jose Rafael Tesoro, Lecturer in Economics, University of Buenos Aires, ARGENTINA
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  • 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
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  • 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
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  • 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
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  • 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
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  • Prof Thomas E. Weisskopf, Professor Emeritus of Economics, University of Michigan, USA
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