Grahame Thompson is professor of political economy at The Open University. He is the co-author (with Paul Hirst) of Globalisation in Question: The International Economy and the Possibilities of Governance (1999) and Between Hierarchies and Markets: The Logic and Limits of Network Forms of Organisation (2003).

Recent articles

Monetary policy needs profitable banks. Do not expect the G20 meeting to solve credit-creation soon.

Crises reveal the underlying architecture of the system. Grahame Thompson sees in the financial crisis the truth of socialised money, the truth of a merely inter-national system of economic governance, and the truth of a media hoked on globalisation.

The scale and character of the problems afflicting the finance sector need to be clarified if regulation  is to work. This in turn makes posssible a more nuanced understanding of the "financial-crisis cycle", argues Grahame Thompson.

The triumph of neo-liberal globalisation is also the imposition of a new mode of governance of institutions and individuals, to which the idea of responsibility is central. Grahame Thompson examines this achievement and assesses what can be done to address it.

A Danish experiment in citizen-led decision-making left Grahame Thompson convinced that "deliberative democracy" needs to rethink the balance between process and outcome.

A fear of difference drives fundamentalists towards sameness. In that impulse lies the seed of a path beyond war, says Grahame Thompson.