RESEARCH PROJECTS AND PUBLICATION

We were established by Dr Connell Fanning on his retirement as Professor of Economics (1990-2015) at UCC both to bring his thinking about the ideas of John Maynard Keynes to a wider public and to develop these ideas for bettering the quality of people’s lives, organisations and societies.

Our research can be seen, with hindsight (as Kierkegaard’s quote below), to have emerged from four decades of engagement by Professor Fanning with Keynes’s thinking and ideas, particularly with his The General Theory of Employment, Interest, and Money (1936) – the main literary influence in Prof. Fanning’s professional life.

Professor Fanning & Keynes: Watch here

“Life can only be understood backwards; but it must be lived forwards.”
Soren Kierkegaard

THE FIRST PHASE of his research focused initially on employment as the driver of change (in bringing jobs and improving work conditions) in Ireland. It led to his doctoral study and subsequent publications about the Irish employment problem and about cooperatives and labour-directed firms as alternatives to the capitalist firm.

Much of the work in this phase laid down the foundation for subsequent macro-econometric modelling, forecasting and government budget analysis at the ESRI, Central Bank, and Department of Finance which has continued until today.

Click here to see work published during this phase.

THE SECOND PHASE of Prof. Fanning’s research brought a variation in the interpretation of Keynes’s seminal book, one somewhat away from the standard view of Keynes as a theorist of government management of the economy.

His research also pointed towards seeing Keynes as a theorist of the business economy and entrepreneurship and raised questions about entrepreneurial renewal as a response to employment and crisis that hit Cork around 1984.

Click here to see work published during this phase.

Seeing Keynes the theorist through a business and entrepreneurial lens brought another dimension about this great thinker to the fore: as a rare example of someone who escaped from powerful old ways of thinking and developed for himself a new way of thinking. This view of Keynes – as a person who, through his self-awareness conveyed the challenge of change and showed how to change how one thinks – underpins the THIRD PHASE OF PROF. FANNING’S RESEARCH and brings us to our current projects at The Keynes Centre.

This phase is shared with a team of researchers and practitioners from various disciplines such as Journalism, Occupational Psychology, Finance, among others, who also share Keynes’s idea of Economics as a ‘moral science’ concerned with better conduct (policy, strategy) and decision-making for a good life and his commitment to improving the quality of people’s lives, organisations, and societies.

Our research projects are underpinned by our Transformative Thinking Approach, developed by Professor Fanning in his Executive Education programmes at MBA and Doctoral levels, and aim to support transformational change at individual and organisational levels by growing people’s minds.

Currently we are working on four projects:

Towards a New Theory of Leadership

Reading for Change for Personal Professional and Organisational Development

John Maynard Keynes for Business Thinking

Keynes as Exemplar for Transformational Journeys

Click reading, audio-visual and interactive sections under Resources for materials produced by The Keynes Centre and see some of our work in progress.

Employment & Macro-econometric Models

o Connell Fanning (1980) The Irish Economy: An Econometric Description of Structures and Processes 1954-1975 (UCC Department of Economics, Cork)
• Part 1: OLS Regression Estimates, Variables List and Data Sources.
• Part 2: Specification of the Main Sectoral Relations.
• Part 3 Model Evaluation
• Part 4: Policy Simulation. Cork: Working Paper

o Connell Fanning (1982) Determinants of Employment: A Framework for Policy Evaluation.

o Connell Fanning, John Bradley, Mark Wynne, Canice Prendergast (1985) Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980. ESRI Series General Research Series 122.

o Connell Fanning, John Bradley (1984) Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis. ESRI Series General Research Series 115.

o Connell Fanning and John Bradley (1982) ‘Twenty-Five Years of Modelling the Irish Economy – Retrospect and Prospect’, JSSISI.

o Connell Fanning and John Bradley (1983) Seeing the Wood Despite the Trees: Integrating Short-Term and Long-Term Policy Formulation. Dublin: Working Paper

o John Bradley and Connell Fanning (1983) A Survey of Macromodels of the Irish Economy. Dublin: Working Paper

o Connell M. Fanning (1979) ‘Employment and the 1958 Policy Initiative’ In: Connell M. Fanning (eds). Economic Development Twenty Years On – Lessons And Prospects. Cork: Commerce and Economics Society, University College Cork.

o Connell M. Fanning (1984) Cork Towards 800: Crisis and Opportunity. Brussels: Government Document

o Connell M. Fanning (1986) Renewing a Local Economy: The Entrepreneurial Response to Crisis. Cork: Cork University Press.

Cooperatives & Labour-directed firms

o Connell Fanning and Thomas McCarthy (1986) ‘A Survey of Economic Hypotheses Concerning the Non-Viability of Labour-Directed Firms in Capitalist Economies’ In: Sune Jansson and Ann-Britt Hellmark (eds). Labour-Owned Firms and Workers Cooperatives. Aldershot: Gower.

o Connell Fanning (1985) ‘Public and Private Initiatives: The Business Technology Centre’ In: M.J. Bannon and S. Ward (eds). Services and The New Economy: Implications for National and Regional Development. Dublin: Regional Studies Association.

o Connell Fanning and David O’ Mahony (1983) ‘The Worker Co-Operative’ In: Liam Kennedy (eds). Economic Theory of Co-Operative Enterprises: Selected Readings. Oxford: The Plunkett Foundation for Co-operative Studies.

o Connell M. Fanning (1982) ‘Ireland: Industrial Co-operatives’ In: Frank H. Stephen (eds). The Performance of Labour-Managed Firms. London: Macmillan Press.

o Connell Fanning (1982) ‘Worker Cooperatives: Why So Few? – A Critique of O’Mahony’s Entrepreneurial Hypothesis’ Dublin

o Connell M. Fanning and David Tomkin (1980) ‘Labour Co-operatives: The Legal Organizational Framework in Ireland’ Dublin

o Cornell Self-Management Working Group (1975) ‘Toward a Fully Self-Managed Industrial Sector in the United States’ Beverly Hills; London

Keynes and the Entrepreneur Economy

o Connell Fanning and David O’ Mahony (1998) The General Theory of Profit Equilibrium: Keynes and the Entrepreneur Economy. London; New York: Macmillan Press; St. Martins Press.

o Connell Fanning (1980) The Irish Economy: An Econometric Description of Structures and Processes 1954-1975 (UCC Department of Economics, Cork)

Role of Clusters

o Connell Fanning and Eleanor Doyle (2007) ‘The Role for Clusters in Irish Economic Development Policy’ In: Ciarán Aylward and Ronnie O’ Toole (eds). Perspectives on Irish Productivity: A Selection of Essays by Irish and International Economists. Dublin: Forfás.

o Connell Fanning Fanning and Ciaran Murphy (2002) ‘Nurturing Indigenous Entrepreneurship in Ireland: The Case of the IT Software Sector. In V’ In: Murphy, R. Thornton and J.R. Aronson (eds). The Irish Economy in Transition: Successes, Problems and Prospects. Amsterdam: JAI/Elsevier.

o Connell Fanning Fanning and Ciaran Murphy (2002) ‘The Irish Economy in Transition: Success, Problems and Prospects’ In: Indigenous Entrepreneurship in Ireland: The Case of the IT Software Sector. U.S.A: Munley, V., Thornton, R.and Aronson, J.

o Eleanor Doyle, Connell Fanning and Zheng Chen (2012) ‘Penrose’s unused services: a cross-cultural perspective on growth of firms’ United Kingdom

o Connell Fanning (1985) ‘Public and Private Initiatives: The Business Technology Centre’ In: M.J. Bannon and S. Ward (eds). Services and The New Economy: Implications for National and Regional Development. Dublin: Regional Studies Association.

o Connell Fanning and Ciaran Murphy (2003) The South-West Business & Technology Centre: Review & Outlook. The South-West Business & Technology Centre: Review & Outlook, The South-West Business & Technology Centre: Review & Outlook.

The Keynes CentreProjects and Publications