Positive Money’s Board of Advisors give professional and knowledgeable advice to the organization in their individual areas of expertise. Our advisors come from diverse backgrounds and hold varied points of view. They don’t always agree, which we view as a strength, providing us with a wider spectrum of viewpoints and challenging our own ideas and strategy.
Prof. Victoria Chick
Victoria Chick, Emeritus Professor of Economics at University College London, is one of the world’s leading scholars of Keynes and monetary economics. She taught for nearly 40 years; Expertise: Monetary theory and policy, the economics of Keynes and economic methodology.
Her seminal work Macroeconomics After Keynes: A Reconsideration of The General Theory was described by the Cambridge Keynes scholar Geoff Harcourt as the most important economics book after the General Theory. [showmore]She has also published:The Theory of Monetary Policy; On Money, Method and Keynes: Selected Essays,edited Recent Developments in Post-Keynesian Economics and Finance, Development and Structural Change and written many articles on monetary theory and policy, methodology and the economics of Keynes. She was Bundesbank Guest-Professor at the Free University of Berlin in 2000-2001 and has held visiting posts at the Reserve Bank of Australia, McGill University and the Universities of Southampton, Aarhus, Louvain, Catania, Burgundy, and California at Berkeley and Santa Cruz. She served on the council and executive committee of the Royal Economic Society, the governing bodies of UCL and the University of London and on the editorial boards of several journals.[/showmore]
Prof. Herman Edward Daly
He was Senior Economist in the Environment Department of the World Bank, where he helped to develop policy guidelines related to sustainable development. While there, he was engaged in environmental operations work in Latin America. He is closely associated with theories of a Steady state economy.
Before joining the World Bank, Daly was Alumni Professor of Economics at Louisiana State University. He was a co-founder and associate editor of the journal, Ecological Economics. [showmore]
He is also a recipient of an Honorary Right Livelihood Award, the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences, the Sophie Prize (Norway), the Leontief Prize from the Global Development and Environment Institute and was chosen as Man of the Year 2008 by Adbusters magazine.
Herman Daly has been a strong advocate of reforming money to deal with the environmental crisis:
Prof. Joseph Huber
Joseph Huber [born 1948] is professor of economic sociology the chair of economic and environmental sociology at Martin-Luther-University, Halle, Germany. He has written influential papers on monetary policy, for instance “Seigniorage Reform and Plain Money”.
Before tenure, he earned his living as a writer and policy advisor to various governments. From the 1980s on he has been a main proponent of ecological modernisation strategies. In the 1980s a pioneer of green-ethical banking, he developed a new approach to monetary reform in the 1990s. He and James Robertson co-authored Creating New Money in 2000 (seigniorage reform in favour of sovereign money) on behalf of NEF. [showmore]
He is a founder of the german initiative for a monetary reform Monetative.
“All money should exclusively be created by an independent public authority. They ought to be seen as the fourth power in the state: the monetary power, to complement the legislative, executive and judicial powers. As with the latter, the monetary power must be independent and answerable only to the law – independent from governments’ and parliaments’ appetite for money as well as from self-serving interests of the financial sector and other industries.”[/showmore]
Prof. Richard Werner
Professor of International Banking at the University of Southampton, UK, and Visiting Professor (Vetretungs-professor) in Monetary Economics and Development Economics at Goethe-University, Frankfurt. He is founding director of the University of Southampton’s Centre for Banking, Finance and Sustainable Development. Prior to this, he was chief economist of Jardine Fleming Securities (Asia) Ltd. in Tokyo, and held various academic positions in Japan and the UK. He developed a credit theory of money (1992), which disaggregates Fisher’s equation of money circulation into credit creation used for GDP (‘real economy’) transactions and non-GDP (financial) transactions, and warned of the collapse of the Japanese banking system and the major Japanese recession (1991). [showmore]
Prof. Werner is the author of ‘New Paradigm in Macroeconomics’ (2005, Palgrave Macmillan) and ‘Princes of the Yen’ (2003, M. E. Sharpe), in which he warned of the recurring banking crises. In 1994 he proposed a new policy response to banking crises, which he termed ‘quantitative easing’ – an expression that has since become a global household name (even though not implemented in line with his recommendations).
In November 2010 Professor Richard Werner, Positive Money and nef (the new economics foundation) made a joint submission to the Independent Commission on Banking that recommended the implementation of full-reserve banking for the UK. [/showmore]
Robin is Co-Founder of Tusmor Ltd., an organisation focused on helping new challenger banks enter the UK market by lowering the barriers to entry.
He says, “There is a growing realisation across society that what we have does not work and cannot be trusted. Following the Libor scandal revelations in the summer of 2012 government policy has switched to plan B-namely more competition in banking to drive change. We see an opportunity in this new environment to look at our banking system with fresh ideas and innovation.”
Tusmor is shining a light on the hidden problems in our banking system and working with partners to deliver improvements.
Martin Harrison was Chief Investment Strategist with Deutsche Asset Management, the institutional investment management arm of Deutsche Bank, in Frankfurt for nine years. Previous to that he had a similar role at UBS in London. Now he runs a consultancy in economic research based in Frankfurt. Martin has worked as an economist for the UK government, and has a PhD in economic theory.
Paul is one of the UK’s leading specialists in risk management, regulatory affairs and corporate governance in the financial sector with twenty-seven years experience of UK and other regulatory regimes. He has a record of success in both industry.
Paul was the former Head of Group Regulatory Risk at HBOS, one of the UK’s largest banks. Dubbed in the press as “The HBOS Whistleblower”, he was the only senior risk and compliance executive in UK banking sector to speak out publicly in the aftermath of the financial crisis about what he saw from the inside of a bank. [showmore]His influential evidence to the UK Parliamentary Treasury Select Committee in February 2008 was widely publicised in the media worldwide and led directly to the resignation of Sir James Crosby who was then the Deputy Chairman of the Financial Services Authority. He is frequently asked to comment on the ongoing banking crisis for BBC, Channel 4 and for the mainstream press in the UK.
Prior to HBOS, Paul was a Partner at KPMG in London advising banks, insurance companies and asset managers on risk, governance, regulatory compliance and ethics.[/showmore]
He studied Mods & Greats at Balliol College, Oxford from 1946 to 1950. After serving on British Prime Minister Harold Macmillan’s staff where he suggested the “Wind of Change” theme for PM’s speeches in South Africa and other countries in 1960, he spent three years in the Cabinet Office.
In 1963-1965 he worked in the Ministry of Defence on the rationalisation of Navy, Army and RAF back-up services. In 1965-1973 he was employed in Private Sector Consulting in Management Science and he set up and directed Interbank Research Organisation (IBRO) for the big British high-street Banks. From 1973 he was a self-employed consultant, lecturer, author, etc, shading off into Retirement in his eighties. [showmore]
In the mid-1980s James Robertson was a prominent co-founder with his wife, Alison Pritchard, of The Other Economic Summit (TOES) and the New Economics Foundation. He is a member of FEASTA and a patron of SANE (South Africa New Economics Foundation), which was set up following his visit there in 1996.
In October 2003, at the 29th annual conference of the Pio Manzu Research Centre, Rimini, Italy (closely associated with the UN), he was awarded a gold medal for his “remarkable contribution to the promotion of a new economics grounded in social and spiritual values” over the past 25 years.
His 14 books have included the following:
- Future Money: Breakdown or Breakthrough? (Green Books, 2012)
- Creating New Money: A Monetary Reform for the Information Age (co-written with Joseph Huber) (New Economics Foundation, 2000)
- Beyond The Dependency Culture (Adamantine/Praeger, 1998)
- The Transformation of Economic Life (Schumacher Briefing No 1, Green Books, 1998)
- A New Economics of Sustainable Development, a “Briefing for Policymakers” written for the European Commission in 1997 (Kogan Page, 1999).
- The Sane Alternative (1978, expanded 1983)
- Future Work (1985)
- Future Wealth (1990)
Most can be downloaded free as PDFs.
Gordon Styles is a British Engineer and Businessman with expertise in Rapid Prototyping and 5 Axis CNC machining. He built up and managed the UK’s largest rapid prototyping and rapid tooling company STYLES RPD.
He is Founder and Managing Director of China based Star Prototype China Limited. Founded in 2005, STAR employs over 120 people, has sales of GBP 5.5m, profit of 12%, and continues to expand at a rate of 35% per annum in the high-tech market of 3D Printing and Rapid Prototyping.
Gordon says, “While the banks continue to be allowed to invent money out of thin air with almost no regulation, the UK economy will continue to exist in a permanent cycle of boom and bust. Now is the time for radical change and huge investment in infrastructure and skills, but this simply cannot be achieved while we, and our representatives in Whitehall, have no control over our own money supply.”
We also benefit from advisors (who wish to remain anonymous) at the Bank of England, RBS, Lloyds Banking Group, the International Monetary Fund, and BBC.