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Adair Turner

Involvement

Lord Turner is Chairman of the Institute for New Economic Thinking.  Prior to joining the Institute in 2013, he chaired the UK Financial Services Authority (2008-2013) and played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board’s major policy committee.

Lord Turner has combined a business career with public policy and academia.  He was at McKinsey from 1982-95, building their practice in East Europe and Russia; was Director General of the CBI (Confederation of British Industry) 1995-2000; became Vice-Chairman of Merrill Lynch Europe (2000-06) and has been a Non-Executive Director of a number of companies, including Standard Chartered plc (2006-08).  Currently Lord Turner is an advisor to the Board of UK start-up bank OakNorth, a non-Executive Director at Prudential plc., and most recently appointed Chairman of CHUBB Europe. He is also chairing the Energy Transitions Commission, and is a Trustee of the British Museum.  A cross-bench member of the House of Lords since 2005, he served as the first Chairman of the Climate Change Committee (2008-12); chaired the Pensions Commission (2003-06) and the Low Pay Commission (2002-06).  

His latest book Between Debt and the Devil, was published by Princeton in 2015 and has been translated into Chinese; other publications include ‘Just Capital-The Liberal Economy’ (2001); ‘Economics After the Crisis’ (2012).  He is Senior Fellow at the Centre for Financial Studies (Frankfurt), and a visiting professor at the London School of Economics and at Cass Business School.  More recently he’s been appointed Visiting Fellow at the People’s Bank of China School of Finance, Tsinghua University (Beijing) and Visiting Professor  at the International Center for Islamic Finance (INCEIF) in Kuala Lumpur. He was elected an Honorary Fellow of the Royal Society in 2016.

By this expert

Monetary Finance: Mechanics & Complications

Article | May 23, 2016

Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

Capitalism in the age of robots: work, income and wealth in the 21st-century

Paper Conference paper | | May 2018

Adair Turner, Chair of the Institute for New Economic Thinking, Lecture at School of Advanced International Studies, Johns Hopkins University, Washington DC April 10th 2018

Should You Buy Bitcoin?

Article | Feb 8, 2018

Over the next year, the Bitcoin price could double, soar tenfold, or collapse by 95% or more, and no economic analysis can help predict where in that range it will lie. Like other cryptocurrencies, Bitcoin serves no useful economic purpose, though in macroeconomic terms, such currencies probably also do little harm.

China’s Green Opportunity

Article | Jan 12, 2018

China is now the world’s largest greenhouse-gas emitter, accounting for over 25% of the global total. But the country has also demonstrated a growing understanding that a truly green economy promises to improve quality of life and create enormous opportunities for technological and political leadership.

Featuring this expert

Private Debt

Event Conference | Hosted by Private Debt Initiative | Apr 6–8, 2018

With the support and partnership of the Governor’s Woods Foundation, the Institute for New Economic Thinking will convene top scholars for the Private Debt Initiative

Secular Stagnation: An Event with Larry Summers: Is Slow Growth the “New Normal”?

If So, What Are the Policy Solutions?

Event Conference | Hosted by Secular Stagnation Project | Dec 15, 2017

Distinguished Scholars Including Larry Summers and Adair Turner Present Evidence of the Trend and Policy Solutions

Euractiv: Champion of ‘helicopter money’ questions universal basic income

News Nov 14, 2017

“As chair of Britain’s Financial Services Authority, Adair Turner saw the collapse of the financial system firsthand. In the aftermath of the crisis, he became one of the main advocates of helicopter money – but today he doubts if universal basic income is the best way to address growing inequality. Adair Turner spoke with EURACTIV’s Jorge Valero during INET’s conference held in Edinburgh (Scotland”

Redefining Inequality

Video | Nov 8, 2017

As the old lines continue to blur, what does inequality mean in the modern global economy? And, how does the economy need to evolve to address these changes?

Offsite links

Instability in a Monetary Economy

May 12, 2016 Chicago Booth School

"There are no riskless ways out"

Jan 24, 2016 Bilanz

Lord Turner on finance and inclusive economic transformation

Nov 24, 2015 Overseas Development Institute

Debt Déjà Vu

Oct 5, 2015 Project Syndicate

The Debt Business

Aug 25, 2015 BBC Radio 4

The Real Demographic Challenge

Aug 14, 2015 Project Syndicate

Greece for Grownups

Jul 12, 2015 Project Syndicate

China’s Real Reform Challenge

Jun 11, 2015 Project Syndicate

The Debt Dilemma

Apr 16, 2015 Project Syndicate

Caught in a Debt Trap

Mar 24, 2015 Cass Business School

Japan’s Accounting Problem

Mar 15, 2015 Project Syndicate

The Global Economy’s Chinese Headwinds

Feb 11, 2015 Project Syndicate

Progress and Monetisation

Feb 3, 2015 Berfrois

Have We Become Too Flexible?

Jan 21, 2015 Project Syndicate

Please Steal Our Fossil Fuels

Dec 22, 2014 Project Syndicate

Germany’s Secret Credit Addiction

Nov 9, 2014 Project Syndicate

China’s Balancing Act

Oct 7, 2014 Project Syndicate

Facing Reality in the Eurozone

Sep 7, 2014 Project Syndicate

When Fewer Is Better

Aug 12, 2014 Project Syndicate

The Trade Delusion

Jul 17, 2014 Project Syndicate

The Great Credit Mistake

Jun 5, 2014 Project Syndicate

The Perils of Financial Freedom

May 8, 2014 Project Syndicate

The High-Tech, High-Touch Economy

Apr 15, 2014 Project Syndicate

Rethinking the Monetization Taboo

Mar 17, 2015 Project Syndicate

In Praise of Fragmentation

Feb 17, 2014 Project Syndicate

Debt and Demand

Jan 9, 2014 Project Syndicate

Inequality by the Click

Jan 7, 2014 Project Syndicate

The Failure of Free-Market Finance

Sep 3, 2013 Project Syndicate

Overt Monetary Finance and Crisis Management

Aug 9, 2013 Project Syndicate

Too Much “Too Big to Fail”?

Sep 1, 2010 Project Syndicate

The Uses and Abuses of Economic Ideology

Jul 14, 2010 Project Syndicate