Current Projects

Land Rights in a Changing Climate (with Megan Blomfield)

Supported by the British Academy and Leverhulme Trust

Existing patterns of land use are threatened both by climate change impacts, and by climate change policies. Climate impacts including sea-level rise and desertification are predicted to submerge some regions and render others uninhabitable. At the same time, it is increasingly being suggested that a successful response to climate change must incorporate massive-scale deployment of techniques such as afforestation and bioenergy crop production; policies that threaten to encroach on land that is already being used for other purposes, with knock-on effects for food security and livelihoods. The question of how land rights can be recognised and respected in a world responding to climate change is therefore of pressing importance. This project uses philosophical and political theory to address this question: interrogating the moral dimensions of land-rights (including their basis, nature and rightful possessors), and asking how conflicts and trade-offs between protecting existing land-use and deploying effective climate policies should be assessed.

 

The Need for a Normative Theory of Systemic Risk: Practical Applications and a New Social Contract? (with Andrew Baker, Gerald Epstein, Daniela Gabor and Jay Cullen)

Supported by the Economic & Social Research Council and the National Institute for Economic and Social Research

Assessing and managing systemic financial risk has become one of the new frontier challenges for macroeconomic research and policy since the financial crisis of 2008. This project asks how normative principles derived from civic republican political theory could be embodied in the design and execution of regulatory instruments for governing and managing systemic financial risk, as part of a new macroeconomic social contract between market players, public authorities and the population at large.

This project is part of the Finance Hub of the Rebuilding Macroeconomics research networks.