Research Papers

Discover our latest research papers

April 28, 2025

The CEME Fforestfach Colloquia Series
The CEME Fforestfach Colloquia Series Exploring a Christian perspective on contemporary issues of political economy There are growing concerns that capitalism and democracy are in crisis. Despite the success of free markets in creating global prosperity over two centuries, the recent slowdown in growth in Western economies, the persistence of inflation, increasing economic inequality, financial...
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May 30, 2024

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 opportunities for management theorists. The first of these is a...
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March 18, 2024

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 work. While exacting data on its impact remain at a...
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January 29, 2024

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 story is of the Garden of Eden, and of the...
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January 22, 2024

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. Above all, I suggest that we give attention to human...
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January 8, 2024

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 system where no interest is charged on debts. This has...
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March 13, 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
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December 14, 2021

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 from house to house in Fforestfach which was then a...
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July 15, 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 hear little about is saving. Saving has become the Cinderella...
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July 15, 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 Author: Richard Turnbull is the Director of CEME. He brings to the Centre a wide range of experience in business, the church and public life. He holds a degree in Economics...
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June 22, 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 dramatic.  As new variants appear we are still not out of...
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November 17, 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 forward a variety of views, all recognised that a surprise...
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August 15, 2020

Brian Griffiths: The Spectre of Inflation
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 is charged with the implementation of policy and to ensure its freedom to take tough decisions it was granted operational...
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June 15, 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 Monetary Policy Committee. Between 1997 and 2013 he was Chief...
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March 31, 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 to you with a varied background and training, including economics...
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February 8, 2019

Lord Griffiths: Things Fall Apart – The Centre Cannot Hold
  This is a transcript of a talk given at St Michaels Church, Chester Square, 23rd January 2019. The title I have chosen for this talk, “Things fall apart: the centre cannot hold”, is a line from a poem, the Second Coming, by the Irish poet W.B.Yeats which was published in 1919. It was written against...
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February 19, 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 invitation to lecture this morning on a Christian view on...
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September 2, 2015

Lord 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 stories which caught their imagination. Invariably the stories were simple,...
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July 22, 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 in McLean, Virginia, USA. Please find the paper here.
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July 22, 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.        
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May 24, 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. Please find Richard Turnbull’s paper here.
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