Working Papers and Research Reports:

For more than ten years, a team of British researchers from the University of Manchester worked at the Centre for Research on Socio Cultural Change which under Economic and Social Research Council rules was funded for a fixed term of ten years from 2004-5.  As “CRESC Theme 1”, the team produced academic working papers and public interest research reports written in an accessible style which attracted considerable media attention. Their outputs are listed chronologically and in searchable form in an archive on this web site.

This work is relevant to the Foundational Economy because from around 2011 it was increasingly focused on revaluing the mundane, initially in the form of a critique of industrial policy. Most notably, their public interest reports provided “follow the money” sector studies of train building, meat supply, railways, adult care and textiles. Their original Manifesto for the Foundational Economy was published as CRESC working paper 131 in 2013.

Scroll down for full listings of working papers and research reports.

Manchester transformed: why we need a reset of city region policy Peter Folkman, Julie Froud, Sukhdev Johal, John Tomaney, Karel Williams (2016)

Why we need social innovation in home care for older people Diane Burns, Joe Earle,Peter Folkman, Julie Froud, Paula Hyde, Sukhdev Johal, Ian Rees Jones, Anne Killett, Karel Williams (2016)

Where does all the money go? Financialised chains and the crisis in residential care. Diane Burns, Luke Cowie, Joe Earle, Peter Folkman, Julie Froud, Paula Hyde, Sukhdev Johal, Ian Rees Jones, Anne Killett, Karel Williams (2016)

What Wales could be Lucy Brill, Luke Cowie, Peter Folkman, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams (2015)

How cities work: a policy agenda for the grounded city wp141 Ewald Engelen, Julie Froud, Sukhdev Johal, Angelo Salento, Karel Williams

The missing Welsh Mittelstand: an argument for re-connecting finance with ownership wp139 Rachel Bowen, Lucy Brill, Julie Froud, Peter Folkman, Sukhdev Johal, Karel Williams (2015)

The neo-liberal experiment in Italy False promises and social disappointments wp137 Angelo Salento (2014)

From Publics to Congregations? GDP and it’s Others. wp136 Sukhdev Johal, John Law and Karel Williams (2014)

A State of Unlearning? Government as Experiment wp134 John Law and Karel Williams (2014)

Manifesto for the Foundational Economy wp131 Justin Bentham, Andrew Bowman, Marta de la Cuesta, Ewald Engelen, Ismail Erturk, Peter Folkman, Julie Froud, Sukhdev Johal, John Law, Adam Leaver, Mick Moran and Karel Williams (2013)

Against New Industrial Strategy: Framing, Motifs and Absences wp126 Justin Bentham, Andrew Bowman, Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2013)

Business Elites and Undemocracy in Britain: a Work in Progress wp125 Andrew Bowman, Julie Froud, Sukhdev Johal, Michael Moran and Karel Williams (2013)

The Conceit of Enterprise: train operators and trade narrative Andrew Bowman, Peter Folkman, Julie Froud, Sukhdev Johal, John Law, Adam Leaver, Michael Moran and Karel Williams (2013)

The Enfield Experiment Sukhdev Johal and Karel Williams (2013)

Turnaround or Churnaround on the West Coast Line Sukhdev Johal and Karel Williams (2013),

How Wales can win Karel Williams (2013)

The Great Train Robbery: the economic and political consequences of rail privatisation Karel Williams, Andrew Bowman, Peter Folkman, Julie Froud, Sukhdev Johal, John Law, Adam Leaver and Michael Moran (2013),

The Finance and Point-Value-Complex’ wp118 Andrew Bowman, Ismail Ertürk, Julie Froud, Sukhdev Johal, John Law, Adam Leaver, Mick Moran and Karel Williams (2012)

Apple Business Model: Financialization across the Pacific wp111 Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2012)

Deep Stall? The euro zone crisis, banking reform and politics wp110 Ismail Ertürk, Julie Froud, Sukhdev Johal, John Law, Adam Leaver, Michael Moran and Karel Williams (2012)

Scapegoats aren’t enough: a Leveson for the Banks? Andrew Bowman, Ismail Ertürk, Julie Froud, Sukhdev Johal, John Law, Adam Leaver, Michael Moran and Karel Williams (2012),

Bringing Home the Bacon: from trader mentalities to industrial policy Andrew Bowman, Julie Froud, Sukhdev Johal, John Law, Adam Leaver and Karel Williams (2012)

Groundhog Day: elite power, democratic disconnects and the failure of financial reform in the UK wp108    Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams (2011)

City State against National Settlement: UK Economic Policy and Politics after the Financial Crisis wp101 Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams (2011)

Haldane’s Gambit: Political Arithmetic and/or a New Metaphor wp97 Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams (2011),

Misrule of Experts? The Financial Crisis as Elite Debacle wp94 Ewald Engelen, Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams (2011),

Rebalancing the Economy (Or Buyer’s Remorse) wp87 Julie Froud, Sukhdev Johal, John Law, Adam Leaver and Karel Williams (2011)

Knowing What to Do? How Not to Build Trains Julie Froud, Sukhdev Johal, John Law, Adam Leaver and Karel Williams (2011)

Undisclosed and unsustainable: problems of the UK national business model wp75 Julie Froud, Adam Leaver, Karel Williams, Sukhdev Johal and John Buchanan (2009)

Escaping the tyranny of earned income? The failure of finance as social innovation wp66 Julie Froud, Sukhdev Johal, Johnna Montgomerie and Karel Williams (2009)

Ownership Matters: Private equity and the political division of ownership wp61 Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2008)

Financial Innovation:Frame, Conjuncture and Bricolage wp59 Ewald Engelen, Ismail Erturk, Julie Froud, Adam Leaver and Karel Williams (2008)

Rethinking Top Management Pay: From Pay for Performance to Pay as Fee wp56 Julie Froud, Adam Leaver, Siobhan McAndrew, David Shammai and Karel Williams (2008)

Corporate governance and impossibilism wp48 Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver, David Shammai and Karel Williams (2008)

Everything for Sale: How Non-executive Directors Make a Difference wp46 Julie Froud, Adam Leaver, Gindo Tampubolon and Karel Williams (2008)

Private equity and the culture of value extraction wp31 Julie Froud and Karel Williams (2007)

Working for Themselves?: Capital market intermediaries and present day capitalism wp25 Peter Folkman, Julie Froud, Sukhdev Johal and Karel Williams (2006)

Agency, the romance of management pay and an alternative explanation wp23 Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2006)

Stressed by choice: a business model analysis of the BBC wp22 Julie Froud, Sukhdev Johal, Adam Leaver, Richard Phillips and Karel Williams (2006)

Rethinking Elite Research wp12 Julie Froud, Mike Savage, Gindo Tampubolon and Karel Williams (2006)

The reinvention of prudence: household savings, financialisation and forms of capitalism wp11 Ismail Ertürk, Julie Froud, Stefano Solari and Karel William (2005)

The democratisation of finance? Promises, outcomes and conditions wp9 Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2005),

General Electric: the Conditions of Success wp5 Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2005)