Publications - Centre for Enterprise Markets and Ethics

CEME’s publications range from substantial works exploring the intersection of theology, enterprise and economics to focused research papers on specific questions of policy and practice. A full chronological list is below, along with an introduction to our three major publication series.

Latest

20 November 2025 Enterprise and Values

Markets and the Environment

By John Kroencke

Markets and the Environment shows how economics and 20th century policy history can inform our understanding of and response to contemporary environmental challenges.

15 October 2025 Speeches

Margaret Thatcher – A Life & Legacy: Mrs Thatcher’s Economic Policy

By Brian Griffiths

Brian Griffiths outlines Thatcher's three-part economic strategy — defeating inflation, reducing the state, and strengthening markets — and its Christian foundations.

6 February 2025 Publications

Inflation Is About More Than Money

By Brian Griffiths

Brian Griffiths advocates pragmatic monetarism as both economic necessity and moral imperative. Drawing on his experience with Thatcher and the Bank of England, he argues that unchecked inflation breeds social distrust, fragments communities, and hits the poorest hardest—making the case for fiscal discipline and sound (...)

Publications, Research Papers, and Speeches

Our Enterprise and Faith publication series explores questions about business from a Judeo-Christian perspective.

Our Enterprise and Values publication series explores important social and economic issues from basic principles.

Our Theology and the Market publication series explores the theological foundations of economic life.

Enterprise and Values 20 November 2025 By John Kroencke

Markets and the Environment

Markets and the Environment shows how economics and 20th century policy history can inform our understanding of and response to contemporary environmental challenges.

Speeches 15 October 2025 By Brian Griffiths

Margaret Thatcher – A Life & Legacy: Mrs Thatcher’s Economic Policy

Brian Griffiths outlines Thatcher's three-part economic strategy — defeating inflation, reducing the state, and strengthening markets — and its Christian foundations.

Publication 6 February 2025 By Brian Griffiths

Inflation Is About More Than Money

Research 11 November 2024 By Richard Turnbull

Is the Non-Executive Director Worth Saving?

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of a report on the topic of non-executive directors. Is the Non-Executive Director Worth Saving? Richard Turnbull PDF Web-Reader: Summary Is the non-executive director (NED) an endangered species? Does it matter? (...)

Research 9 September 2024 By Andrei Rogobete

AI, Productivity and the Search for Meaningful Work

This paper is part of a series of essays that seek to explore the current and prospective impact of AI on business. A PDF version can be accessed here. The previous paper in this series looked at the impact of AI on work through (...)

Research 25 July 2024 By Richard Turnbull

William Wilberforce: His Life and Significance

William Wilberforce: His Life and Significance On the 24 February 1807, the House of Commons voted by 283 votes to 16 to end the trade in human slaves in all British territory. The principal opponent of the slave trade within Parliament and a leading figure (...)

Research 30 May 2024 By Andrei Rogobete

Artificial Intelligence & Management Theory

This paper is part of a series of essays that seek to explore the current and prospective impact of AI on business. A PDF version can be accessed here. The advent of Artificial Intelligence (AI) upon the business world raises a myriad of challenges and (...)

Research 18 March 2024 By Andrei Rogobete

AI and the Future of Work

This paper is part of a series of essays that seek to explore the current and prospective impact of AI on business. A PDF copy of this paper can be accessed here. The advent of Generative AI is challenging and redefining the world of (...)

Research 29 January 2024 By Lyndon Drake

Virtues of Growth and Restraint

In this final article, I will draw from two stories in the Bible that will be well-known to many readers, to give an example of how those who read the Bible as scripture can draw from those stories in developing modern economic ethics. The first (...)

Research 22 January 2024 By Lyndon Drake

The Task of Modern Economic Ethics

As I suggested in my previous article, my preferred way to read the biblical texts is to identify in them a particular kind of method, rather than precise prescriptions. In this article, I will suggest some specific aspects of method in modern, theologically-informed economic ethics. (...)

Research 8 January 2024 By Lyndon Drake

Types of Creativity in Biblical Texts

One way to approach biblical texts is to read them as if they prescribe economic medicine for modern social maladies. For example, Paul Mills argues that an appropriate and devout appreciation of the Jubilee of Leviticus 25 will result in the construction of an economic (...)

Enterprise and Faith 5 December 2023 By Andrei Rogobete

The Challenge of Artificial Intelligence

Andrei Rogobete examines AI's opportunities and risks through Christian theology, arguing for a human-centric approach to artificial intelligence.

Enterprise and Values 27 June 2023 By John Kroencke

Private Planning and the Great Estates

London's great aristocratic estates used leasehold development and private law to perform planning functions long before the rise of public town planning.

Research 9 May 2023 By Lyndon Drake

Approaching a Biblical Economic Ethic – The Sins of Biblical Economists

Numerous modern authors draw on biblical texts as support for economic rules in modern societies. Notably, contemporary writers often draw contradictory conclusions about the message and intent of the texts in their ancient settings, as well as about the rules that they derive for modern (...)

Research 13 March 2023

CEME Polling: What is the Value of Business?

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of What is the Value of Business? by Richard Turnbull. The report can be downloaded here. A hardcopy can be purchased by contacting CEME’s offices at office@theceme.org

Enterprise and Faith 8 February 2022 By Philip Booth, Kaetana Numa, Stephen Nakrosis and Richard Turnbull

Government Debt

The authors argue that government debt raises serious moral questions — particularly around intergenerational justice — that Catholic social teaching has largely overlooked.

Research 14 December 2021 By Brian Griffiths

Brian Griffiths: A Celebration of Advent

The meaning of Advent I must first make a confession. I love carol services. I love singing carols. I love the Christmas tree. I love Christmas decorations. I love the festivities of Christmas. They remind me of when I was very young singing carols (...)

Research 24 October 2021

Lord Griffiths: Can the Bank of England Stop the Drift of Inflation into Stagflation?

UK inflation is suddenly back with a vengeance. In an interview with the Financial Times, Huw Pill, the chief economist at the Bank of England (and my former colleague at Goldman Sachs) warns that the official rate of inflation may rise above five per cent early next (...)

Enterprise and Values 7 October 2021 By Barbara Ridpath

Ethics and Economics

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Ethics and Economics: Economics as a Servant or Master? by Barbara Ridpath. A copy of the publication can be found here. The publication can be purchased in hardcopy by contacting CEME’s offices (...)

Research 15 July 2021

CEME Project: Why Saving Matters

Most people today who pay any attention to the news will be familiar with key economic concepts – consumption, investment, public expenditure, output, exports, imports, unemployment, economic growth, the balance of payments, public borrowing, interest rates, inflation, the national debt. Yet the one measure we (...)

Research 15 July 2021

Richard Turnbull: The Local and Personal

Full Text Link: Local and Personal: The Principles and Practice of Saving in Victorian England – Revd Dr Richard Turnbull About the Publication: Richard Turnbull explores the principles and practices of saving in Victorian England, highlighting the significance of local financial institutions and their (...)

Research 22 June 2021

Lord Griffiths: A New Age of Inflation?

The success of major advanced countries in dealing with Covid over the last twelve months has been remarkable. Scientists first discovered the vaccines. Then business accelerated their manufacture on an enormous scale. And as the vaccinations have been rolled out, the economic recovery has been (...)

Enterprise and Values 1 April 2021 By Andrei Rogobete

The UK Savings Crisis

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of The UK Savings Crisis: Rediscovering the Principle and Practice of Saving by Andrei Rogobete. A PDF copy can be found here. The publication can also be purchased in paperback (...)

Research 17 November 2020

Lord Griffiths: Will Covid-19 kickstart inflation?

Last August, in The Spectre of Inflation, I argued that the remarkable stability of prices in the past 25 years was due to central banks having operational independence and conducting monetary policy with a fixed inflation target of two per cent. While respondents and others put (...)

Theology and the Market 9 October 2020 By Richard Turnbull

The Social & Economic Teaching of the Hebrew Scriptures

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of The Social & Economic Teaching of the Hebrew Scriptures, edited by Richard Turnbull. A PDF copy can be found here. The publication can also be purchased in paperback by (...)

Research 15 August 2020

Brian Griffiths: The Spectre of Inflation

This article was first published in The Article on August 5th 2020. The Great Moderation For the past 27 years UK governments of all political persuasions have targeted a rate of inflation of 2 per cent as the principal objective of monetary policy. The Bank of England (...)

Research 15 June 2020

Graeme Leach: Godonomics – Thoughts on a Biblical Economic Worldview

A New Online CEME Publication Professor Graeme Leach is Chief Executive of Macronomics, a macroeconomic, geopolitical and future megatrends research consultancy. He is also a visiting professor of economic policy, a senior fellow of the Legatum Institute and a member of the IEA Shadow (...)

Research 31 March 2020

Richard Turnbull: Will the poor always be with us?

This is a transcript of a lecture given at Hope College (MI. USA) in March 2020. Introduction Well, good evening and thank you very much indeed for the invitation to speak this evening at Hope College. It is a privilege to do so. I come (...)

Enterprise and Faith 7 November 2019 By Andrew Hartropp

Corporate Executive Remuneration

The Centre for Enterprise, Markets and Ethics (CEME) is delighted to announce the publication of Corporate Executive Remuneration: An Assessment by Dr. Andrew Hartropp. A PDF copy can be found here here. A hardcopy can also be purchased by contacting CEME’s offices at: office@theceme.org (...)

Enterprise and Faith 28 October 2019 By Steven Morris

Lessons From Family Business

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Lessons from Family Business: Perspectives from Faith by Steven Morris. A PDF copy can be found here. Alternatively, a hardcopy can be purchased by contacting CEME’s offices via email at: office@theceme.org (...)

Enterprise and Faith 17 September 2019 By Edward Carter

God and Competition

Edward Carter explores whether competitive behaviour can be understood positively within the Christian faith, drawing on economic theory, Scripture, and business experience.

Research 8 February 2019 By Brian Griffiths

Things Fall Apart

Things Fall Apart: The Centre Cannot Hold- The Basis of Christian Hope This is a transcript of a talk given at St Michaels Church, Chester Square, 23rd January 2019. Part I: Things Fall Apart The title I have chosen for this talk, “Things fall apart: the (...)

Theology and the Market 25 January 2019 By Richard Turnbull

Work as Enterprise

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Work as Enterprise: Recovering a Theology of Work by Richard Turnbull. A PDF copy can be found here. Alternatively, the hardcopy version of the publication can be purchased by contacting CEME’s (...)

Enterprise and Faith 9 January 2019 By Steven Morris

Enterprise and Entrepreneurship

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Enterprise and Entrepreneurship: Doing Good Through The Local Church by Steven Morris. The publication can be downloaded here. Alternatively, a paperback copy can be ordered by contacting CEME’s offices via email (...)

Research 3 December 2018 By Brian Griffiths

Is there a Christian Alternative to Capitalism and Socialism?

This is a transcribed lecture given as the Morlan Pantyfedwen Annual Lecture 2018. I count it a great privilege to be invited to give this lecture not least because of the number of distinguished clergy, theologians and historians who have given it over the past (...)

Enterprise and Values 3 September 2018 By Andrei Rogobete

The Challenges of Migration

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of The Challenges of Migration by Andrei Rogobete. The publication can be downloaded here. Alternatively, paperback copies can be purchased by contacting CEME’s offices via email at: office@theceme.org (...)

Theology and the Market 25 April 2018 By Richard Turnbull

Understanding the Common Good

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Understanding the Common Good, edited by Richard Turnbull. A copy of the publication can be found here. Alternatively, please contact CEME’s offices for hardcopies via email at: office@theceme.org (...)

Enterprise and Values 11 April 2018 By Richard Turnbull and Tim Weinhold (editors)

Vol. 1 & 2: Making Capitalism Work for Everyone

The Centre for Enterprise, Markets and Ethics (CEME) is delighted to announce the publication of Making Capitalism Work for Everyone – Vol. 1 & 2, edited by Richard Turnbull and Tim Weinhold. Table of Contents Introduction – Richard Turnbull and Tim Weinhold Volume One Chapter (...)

Enterprise and Faith 11 July 2017 By Lyndon Drake

Capital Markets for the Good of Society

Capital Markets for the Good of Society discusses the ethical foundations and societal benefits of capital markets from a Christian perspective, emphasizing their role in promoting human flourishing and economic fairness.

Research 16 June 2017 By Brian Griffiths

Mais Lecture: Restoring Trust in the Banking System

Cass Business SchoolMay 24th, 2017 It is a great honour to be invited to deliver the Mais Lecture this year, the 38th occasion on which it has been given. It is also a particular personal pleasure. I was appointed to the Chair in Banking (...)

Theology and the Market 2 June 2017 By Ben Cooper

The Economics of the Hebrew Scriptures

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of The Economics of the Hebrew Scriptures by Ben Cooper. The publication can be found here. Alternatively, for hardcopies please contact CEME’s offices via email at office@theceme.org (...)

Research 26 May 2017 By Brian Griffiths

Mais Lecture: Restoring Trust in the Banking System

This is an excerpt from the The Mais Lecture: Restoring Trust in the Banking System at Cass Business School, May 24th 2017. For the full text, please click here. It is a great honour to be invited to deliver the Mais Lecture this year, (...)

Research 16 March 2017

Cameron Hepburn: Carbon Trading – Unethical, Unjust and Ineffective?

Carbon Trading – Unethical, Unjust and Ineffective? by Cameron Hepburn was presented at the “Green Markets, Sustainable Business” conference on Thursday 2nd March 2017, at One Great George Street, London.

Enterprise and Faith 21 October 2016 By Andrei Rogobete

Ethics in Global Business

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Ethics in Global Business: Building Moral Capitalism by Andrei Rogobete. The publication can be downloaded here. Alternatively, hardcopies can be ordered by contacting CEME’s offices via email at: office@theceme.org (...)

Theology and the Market 29 September 2016 By Martin Schlag

Business in Catholic Social Thought

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of Business in Catholic Social Thought by Martin Schlag. The publication can be downloaded here. Alternatively, paperback copies can be ordered by contacting CEME’s offices via email at: office@theceme.org or by (...)

Enterprise and Values 22 June 2016 By Richard Turnbull, Brian Griffiths, Maurice Glasman and James Perry

The Challenge of Social Welfare: Seeking a New Consensus

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of The Challenge of Social Welfare: Seeking a New Consensus by Richard Turnbull, Brian Griffiths, Maurice Glasman and James Perry. The Challenge of Social Welfare: Seeking a New Consensus Preface In July (...)

Enterprise and Faith 22 June 2016 By Edward Carter

God and Enterprise

The Centre for Enterprise, Markets and Ethics (CEME) is pleased to announce the publication of God and Enterprise: Towards a Theology of the Entrepreneur by Edward Carter. The publication can be downloaded here. Alternatively, hardcopies can be ordered by contacting CEME’s offices via email at: office@theceme.org (...)

Research 19 February 2016

Richard Turnbull: The moral challenge of the market

(This is a transcript from a speech given at Exeter University, 2016) Doing God’s business: The morality of the market: a Christian view of the market economy, government and social justice Introduction: The moral challenge of the market Thank you very much indeed for the (...)

Research 2 September 2015 By Brian Griffiths

Who is the Good Samaritan today?

Who is the Good Samaritan today? The parable of the Good Samaritan is one of the most popular, well-known and compelling stories Jesus ever told. Rather than teaching in an academic and rather dry way by making general statements, Jesus taught people by telling (...)

Research 22 July 2015

Evangelicals and Poverty

An historical and theological perspective of the way evangelical Christians respond to poverty. This piece is being written by the Director, Revd Dr Richard Turnbull, as a chapter in a book to be published in the USA by the Institute for Faith, Work and Economics (...)

Research 22 July 2015

Starbucks and corporation tax

What are the issues with Starbucks and tax? Dr Richard Turnbull has undertaken a detailed analysis of Starbucks’ accounts and published statements. His paper is available here.

Research 22 July 2015

Engaging with New Testament Wealth Ethics in the 21st Century

The first in our series of “Conversations in Theology” was held on 15 May 2013 in London. A paper was delivered by our Associate Christopher Hays, to a gathering of around 20 invited guests, interested in the topic “Wealth Ethics in the New Testament”. Please (...)

Enterprise and Faith 22 July 2015 By Richard Turnbull

Quaker Capitalism

The Centre for Enterprise, Markets & Ethics is pleased to announce the publication of Quaker Capitalism – Lessons for today? by Dr Richard Turnbull. A PDF version of the publication can be found here. For hardcopies, please contact the CEME office at office@theceme.org On the (...)

Research 20 July 2015

Lord Shaftesbury – Responsibility and the Welfare of Humanity

Dr Richard Turnbull, Director of CEME, presented a paper to invited guests at the CCLA in London on 24 September 2013. A copy of his paper can be found here.

Research 24 May 2015

Entrepreneurial Leaders Conference – November, 2012

The Revd Dr Richard Turnbull presented a paper at the Entrepreneurial Leaders’ Conference in Vancouver in November 2012 on the topic : Can I be ethical and make money at the same time? A video of this presentation is now available on the ELO website. (...)

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