{"id":4338,"date":"2025-04-28T11:26:24","date_gmt":"2025-04-28T10:26:24","guid":{"rendered":"https:\/\/research.reading.ac.uk\/economics\/?page_id=4338"},"modified":"2025-04-30T14:19:29","modified_gmt":"2025-04-30T13:19:29","slug":"economic_theory","status":"publish","type":"page","link":"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/","title":{"rendered":"Economic Theory Cluster"},"content":{"rendered":"<p><strong>Background<\/strong><\/p>\n<p>The Reading Economic Theory Cluster (RET) consists of researchers interested in theoretical approaches to explore a wide range of topics. The areas of expertise of the RET members include auctions, belief formation, behavioural science, contests, economic growth, economic history, economic policy, economics of duties, entrepreneurship, game theory, institutional design, interactive epistemology, monetary theory, and political economy. Jointly with Reading Ethics and Political Philosophy (REAPP) the cluster organizes the annual Reading Philosophy, Politics, and Economics Workshop (RPPE) series that aims to foster intellectual interaction and research collaborations between the three departments of the School of Philosophy, Politics, and Economics (SPPE).<\/p>\n<div class=\"responsive-tabs\">\n<h2 class=\"tabtitle\"><strong>Our Members<\/strong><\/h2>\n<div class=\"tabcontent\">\n\n<p><strong>Academics at Reading<\/strong>:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/dr-christian-bach\">Christian Bach<\/a> (RET lead)<\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/steven-bosworth\">Steven Bosworth<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/mark-casson\">Mark Casson<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/dr-christos-mavrodimitrakis\">Christos Mavrodimitrakis<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/alexander-mihailov\">Alexander Mihailov<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/dr-anwesha-mukherjee\">Anwesha Mukherjee<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/giovanni-razzu\">Giovanni Razzu<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/dr-carolyn-st-aubyn\">Carolyn Molesworth-St Aubyn<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/dr-li-tang\">Li Tang<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/economics\/our-staff\/dr-sophie-zhou\">Sophie Zhou<\/a><\/li>\n<\/ul>\n\n<\/div><h2 class=\"tabtitle\"><strong>Publications<\/strong><\/h2>\n<div class=\"tabcontent\">\n\n<p><strong>2025<\/strong><\/p>\n<ul>\n<li>Casson, M. (2025) Entrepreneurship and the economic theory of markets. Foundations and Trends in Entrepreneurship. ISSN 1551-3122 (In Press)<\/li>\n<li>Levine, P. , McKnight, S. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90000554.html\">Mihailov, A.<\/a> , Swarbrick, J. (2025) <a href=\"http:\/\/centaur.reading.ac.uk\/120371\">Limited asset market participation and monetary policy in a small open economy.<\/a> Journal of Economic Dynamics and Control , 173 ISSN: 1879-1743 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.jedc.2025.105047\">https:\/\/dx.doi.org\/10.1016\/j.jedc.2025.105047<\/a><\/li>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90011172.html\">Mavrodimitrakis, C.<\/a> (2025) <a href=\"http:\/\/centaur.reading.ac.uk\/120340\">The macroeconomic stabilisation and welfare implications of alternative strategic and fiscal regimes in a monetary union.<\/a> The Quarterly Review of Economics and Finance , 100 ISSN: 1062-9769 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.qref.2024.101931\">https:\/\/dx.doi.org\/10.1016\/j.qref.2024.101931<\/a><\/li>\n<\/ul>\n<p><strong>2024<\/strong><\/p>\n<ul>\n<li>Bosworth, S., Gimenez-Nadal, J., Sevilla, A. (2024) Parental time investments and instantaneous wellbeing in the United States. Scottish Journal of Political Economy | doi: <a href=\"https:\/\/dx.doi.org\/10.1111\/sjpe.12402\">https:\/\/dx.doi.org\/10.1111\/sjpe.12402<\/a><\/li>\n<li>Burdett, A. , Etheridge, B. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013127.html\">Tang, L.<\/a> , Wang, Y. (2024) <a href=\"http:\/\/centaur.reading.ac.uk\/120831\">Worker productivity during Covid-19 and adaptation to working from home.<\/a> European Economic Review , 167 ISSN: 0014-2921 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.euroecorev.2024.104788\">https:\/\/dx.doi.org\/10.1016\/j.euroecorev.2024.104788<\/a><\/li>\n<li>Carroll, R. , Liao, Y. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013127.html\">Tang, L.<\/a> (2024) <a href=\"http:\/\/centaur.reading.ac.uk\/120832\">(Mis)perception of party congruence and satisfaction with democracy.<\/a> Political Science Research and Methods ISSN: 2049-8489 | doi: <a href=\"https:\/\/dx.doi.org\/10.1017\/psrm.2024.48\">https:\/\/dx.doi.org\/10.1017\/psrm.2024.48<\/a><\/li>\n<li>Casson, M. (2024) Entrepreneurship and the market economy: a new perspective. Edward Elgar, Cheltenham, pp324. ISBN 9781035341535<\/li>\n<li>Casson, M. and Lee, J. S., eds. (2024) Medieval statistics: accounting, record-keeping and financial management 1066-1525. Palgrave Studies in the History of Finance. Palgrave Macmillan, Cham, pp. 1-220. ISBN 9783031697296 doi: <a href=\"https:\/\/doi.org\/10.1007\/978-3-031-69730-2\">https:\/\/doi.org\/10.1007\/978-3-031-69730-2<\/a><\/li>\n<li>Casson, M. and Wadeson, N. (2024) Cross-investments by multinationals: a new perspective. Global Strategy Journal, 14 (2). pp. 279-311. ISSN 2042-5805 doi: <a href=\"https:\/\/doi.org\/10.1002\/gsj.1499\">https:\/\/doi.org\/10.1002\/gsj.1499<\/a><\/li>\n<li>Kuang, P. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013127.html\">Tang, L.<\/a> , Zhang, R. , Zhang, T. (2024) <a href=\"http:\/\/centaur.reading.ac.uk\/120833\">Are survey stock price forecasts anchored by fundamental forecasts? A long-run perspective.<\/a> Economic Theory ISSN: 1432-0479 | doi: <a href=\"https:\/\/dx.doi.org\/10.1007\/s00199-024-01597-2\">https:\/\/dx.doi.org\/10.1007\/s00199-024-01597-2<\/a><\/li>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90011172.html\">Mavrodimitrakis, C.<\/a> (2024) <a href=\"http:\/\/centaur.reading.ac.uk\/112608\">The policy mix in a monetary union: who bears the burden of asymmetric shocks&#8217; stabilisation?.<\/a> International Journal of Finance &amp; Economics , 29 (4). pp. 3861-3876. ISSN: 1099-1158 | doi: <a href=\"https:\/\/dx.doi.org\/10.1002\/ijfe.2833\">https:\/\/dx.doi.org\/10.1002\/ijfe.2833<\/a><\/li>\n<\/ul>\n<p><strong>2023<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013124.html\">Bach, C.<\/a> and Cabessa, J. (2023) <a href=\"http:\/\/centaur.reading.ac.uk\/118767\">Lexicographic agreeing to disagree and perfect equilibrium.<\/a> Journal of Mathematical Economics , 109 ISSN: 3044068 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.jmateco.2023.102908\">https:\/\/dx.doi.org\/10.1016\/j.jmateco.2023.102908 <\/a><\/li>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013124.html\">Bach, C.<\/a> and Perea, A. (2023) <a href=\"http:\/\/centaur.reading.ac.uk\/118766\">Structure\u2010preserving transformations of epistemic models.<\/a> Economic Inquiry , 61 (3). pp. 693-719. ISSN: 0095-2583 | doi: <a href=\"https:\/\/dx.doi.org\/10.1111\/ecin.13136\">https:\/\/dx.doi.org\/10.1111\/ecin.13136<\/a><\/li>\n<li>Bosworth, S. and Snower, D. (2023) Technological advance, social fragmentation and welfare. Social Choice and Welfare | doi: <a href=\"https:\/\/dx.doi.org\/10.1007\/s00355-023-01484-0\">https:\/\/dx.doi.org\/10.1007\/s00355-023-01484-0<\/a><\/li>\n<li>Casson, M. (2023) Global business: past, present and future. Edward Elgar, Cheltenham. ISBN 9781035308033<\/li>\n<li>Casson, M. and Casson, C. (2023) Property, power and the growth of towns: enterprise and urban development, 1100-1500. Routledge Explorations in Economic History. Routledge, Abingdon. ISBN 9781032000923<\/li>\n<li>Chowdhury, S.M., Esteve-Gonzalez, P. and Mukherjee, A.\u00a0 (2023). <a href=\"https:\/\/onlinelibrary.wiley.com\/doi\/full\/10.1002\/soej.12618\">Heterogeneity, Leveling the Playing Field, and Affirmative Action in Contests<\/a>. Southern Economic Journal,\u00a0 89(3), 924-974.<\/li>\n<\/ul>\n<p><strong>2022<\/strong><\/p>\n<ul>\n<li>Becker, A., Hottenrott, H. and Mukherjee, A. (2022). <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0167268121005163\">Division of Labor in R&amp;D? Firm Size and Specialization in Corporate Research<\/a>. Journal of Economic Behavior &amp; Organization, 194, 1-23.<\/li>\n<li>Casson, M. (2022) Extending internalization theory: integrating international business strategy with international management. Global Strategy Journal, 12 (4). pp. 632-657. ISSN 2042-5805 doi: <a href=\"https:\/\/doi.org\/10.1002\/gsj.1450\">https:\/\/doi.org\/10.1002\/gsj.1450<\/a><\/li>\n<li>Casson, M. and Li, Y. (2022) Complexity in international business: the implications for theory. Journal of International Business Studies, 53 (9). pp. 2037-2049. ISSN 1478-6990 doi: <a href=\"https:\/\/doi.org\/10.1057\/s41267-021-00495-2\">https:\/\/doi.org\/10.1057\/s41267-021-00495-2<\/a><\/li>\n<li>Chowdhury, S.M., Mukherjee, A. and Turocy, T.L. (2022). <a href=\"https:\/\/link.springer.com\/article\/10.1007\/s10058-022-00315-5\">And the first runner-up is&#8230;: Comparing winner selection procedures in multi-winner Tullock contests<\/a>. Review of Economic Design, 1-31<\/li>\n<li>Kuang, P. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013127.html\">Tang, L.<\/a> , Zhang, R. , Zhang, T. (2022) <a href=\"http:\/\/centaur.reading.ac.uk\/120830\">Forecast disagreement about long-run macroeconomic relationships.<\/a> Journal of Economic Behavior and Organization , 200 pp. 371-387. ISSN: 0167-2681 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.jebo.2022.06.002\">https:\/\/dx.doi.org\/10.1016\/j.jebo.2022.06.002<\/a><\/li>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90011172.html\">Mavrodimitrakis, C.<\/a> (2022) <a href=\"http:\/\/centaur.reading.ac.uk\/100306\">Debt stabilization and financial stability in a monetary union: market versus authority\u2010based preventive solutions.<\/a> International Journal of Finance &amp; Economics ISSN: 1099-1158 | doi: <a href=\"https:\/\/dx.doi.org\/10.1002\/ijfe.2288\">https:\/\/dx.doi.org\/10.1002\/ijfe.2288<\/a><\/li>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90001380.html\">Meen, G.<\/a> , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90000554.html\">Mihailov, A.<\/a> , Wang, Y. (2022) <a href=\"http:\/\/centaur.reading.ac.uk\/93707\">On the long-run solution to aggregate housing systems.<\/a> Urban Studies , 59 (1). pp. 178-196. ISSN: 1360-063X | doi: <a href=\"https:\/\/dx.doi.org\/10.1177\/0042098020976019\">https:\/\/dx.doi.org\/10.1177\/0042098020976019<\/a><\/li>\n<li><a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90000554.html\">Mihailov, A.<\/a> and Nasir, H. (2022) <a href=\"http:\/\/centaur.reading.ac.uk\/106227\">Sudden stops, productivity and the optimal level of international reserves for small open economies.<\/a> Open Economies Review , 33 (5). pp. 825-851. ISSN: 1573-708X | doi: <a href=\"https:\/\/dx.doi.org\/10.1007\/s11079-022-09678-2\">https:\/\/dx.doi.org\/10.1007\/s11079-022-09678-2<\/a><\/li>\n<\/ul>\n<p><strong>2021<\/strong><\/p>\n<ul>\n<li>Christian W. Bach and Andr\u00e9s Perea (2021), <a href=\"https:\/\/academic.oup.com\/oep\/advance-article-abstract\/doi\/10.1093\/oep\/gpz075\/5701536\">&#8220;Incomplete Information and Iterated Strict Dominance&#8221;<\/a> <em>Oxford Economic Papers <\/em>73(2), pp. 820\u2013836, 2021<\/li>\n<li>Buckley, P. J. and Casson, M. (2021) Thirty years of International Business Review and International Business Research. International Business Review, 30 (2). 101795. ISSN 0969-5931 doi: <a href=\"https:\/\/doi.org\/10.1016\/j.ibusrev.2021.101795\">https:\/\/doi.org\/10.1016\/j.ibusrev.2021.101795<\/a><\/li>\n<li>Buckley, P. J. and Casson, M. (2021) Multinational enterprises and international cartels: the strategic implications of de-globalisation. Management and Organization Review, 17 (5). pp. 968-988. ISSN 1740-8784 doi: <a href=\"https:\/\/doi.org\/10.1017\/mor.2021.42\">https:\/\/doi.org\/10.1017\/mor.2021.42<\/a><\/li>\n<li>Casson, M. (2021) International business policy in an age of political turbulence. Journal of World Business, 56 (6). 101263. ISSN 1090-9516 doi: <a href=\"https:\/\/doi.org\/10.1016\/j.jwb.2021.101263\">https:\/\/doi.org\/10.1016\/j.jwb.2021.101263<\/a><\/li>\n<li>Casson, M. (2021) Public service or private profit? British railway policy 1825-2020. Journal of the railway and canal historical society, 40 (4). pp. 198-214. ISSN 0033-8834<\/li>\n<li>Chortareas, G. and <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90011172.html\">Mavrodimitrakis, C.<\/a> (2021) <a href=\"http:\/\/centaur.reading.ac.uk\/100299\">Policy conflict, coordination, and leadership in a monetary union under imperfect instrument substitutability.<\/a> Journal of Economic Behavior &amp; Organization , 183 pp. 342-361. ISSN: 0167-2681 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.jebo.2021.01.001\">https:\/\/dx.doi.org\/10.1016\/j.jebo.2021.01.001<\/a><\/li>\n<li>Snower, D. and Bosworth, S. (2021) Economic, social and political fragmentation: linking knowledge-biased growth, identity, populism and protectionism. European Journal of Political Economy, 67 | doi: <a style=\"letter-spacing: 0.08px\" href=\"https:\/\/dx.doi.org\/10.1016\/j.ejpoleco.2020.101965\">https:\/\/dx.doi.org\/10.1016\/j.ejpoleco.2020.101965<\/a><\/li>\n<li><a style=\"letter-spacing: 0.08px\" href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90013126.html\">Zhou, S.<\/a><span style=\"letter-spacing: 0.08px\"> and Smulders, S. (2021) <\/span><a style=\"letter-spacing: 0.08px\" href=\"http:\/\/centaur.reading.ac.uk\/118467\">Closing the loop in a circular economy: saving resources or suffocating innovations?.<\/a><span style=\"letter-spacing: 0.08px\"> European Economic Review , 139 ISSN: 1873-572X | doi: <\/span><a style=\"letter-spacing: 0.08px\" href=\"https:\/\/dx.doi.org\/10.1016\/j.euroecorev.2021.103857\">https:\/\/dx.doi.org\/10.1016\/j.euroecorev.2021.103857<\/a><\/li>\n<\/ul>\n<p><strong>2020<\/strong><\/p>\n<ul>\n<li>Christian W. Bach and Andr\u00e9s Perea (2020), <a href=\"https:\/\/doi.org\/10.1016\/j.jmateco.2020.05.001\">&#8220;Two Definitions of Correlated Equilibrium&#8221;<\/a>, <em>Jourrnal of Mathematical Economics 9<\/em>0, pp. 12-24<\/li>\n<li>Christian W. Bach and Andr\u00e9s Perea (2020), <a href=\"https:\/\/doi.org\/10.1016\/j.econlet.2019.108526\">&#8220;Generalized Nash Equilibrium without Common Belief in Rationality&#8221;<\/a>, <em>Economics Letters <\/em>186, pp. 1-6<\/li>\n<li>Casson, M. (2020) International rivalry and global business leadership: an historical perspective. Multinational Business Review, 28 (4). pp. 429-446. ISSN 1525-383X doi: <a href=\"https:\/\/doi.org\/10.1108\/MBR-06-2020-0128\">https:\/\/doi.org\/10.1108\/MBR-06-2020-0128<\/a><\/li>\n<li>Casson, C., Casson, M. , Lee, J. and Phillips, K. (2020) Business and Community in Medieval England: The Cambridge Hundred Rolls Source Volume. Bristol University Press, Bristol, UK, pp266. ISBN 9781529209730<\/li>\n<li>Casson, C., Casson, M. , Lee, J. and Phillips, K. (2020) Compassionate Capitalism: Business and Community in Medieval England. Bristol University Press, Bristol, UK, pp400. ISBN 9781529209259<\/li>\n<li>Chowdhury, S.M., Mukherjee, A. and Turocy, T.L. (2020). <a href=\"https:\/\/link.springer.com\/article\/10.1007\/s11238-019-09731-6\">That\u2019s the ticket: Explicit lottery randomization and learning in Tullock contests<\/a>. Theory and Decision, 88, 405-429.<\/li>\n<li>McKnight, S. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90000554.html\">Mihailov, A.<\/a> , Pompa Rangel, A. (2020) <a href=\"http:\/\/centaur.reading.ac.uk\/88052\">What do Latin American inflation targeters care about? A comparative Bayesian estimation of Central Bank preferences.<\/a> Journal of Macroeconomics , 63 ISSN: 0164-0704 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.jmacro.2019.103188\">https:\/\/dx.doi.org\/10.1016\/j.jmacro.2019.103188<\/a><\/li>\n<li>McKnight, S. , <a href=\"http:\/\/centaur.reading.ac.uk\/view\/creators\/90000554.html\">Mihailov, A.<\/a> , Rumler, F. (2020) <a href=\"http:\/\/centaur.reading.ac.uk\/85596\">Inflation forecasting using the New Keynesian Phillips Curve with a time-varying trend.<\/a> Economic Modelling , 87 pp. 383-393. ISSN: 0264-9993 | doi: <a href=\"https:\/\/dx.doi.org\/10.1016\/j.econmod.2019.08.011\">https:\/\/dx.doi.org\/10.1016\/j.econmod.2019.08.011<\/a><\/li>\n<\/ul>\n\n<\/div><h2 class=\"tabtitle\"><strong>Events<\/strong><\/h2>\n<div class=\"tabcontent\">\n\n<ul>\n<li><a href=\"https:\/\/sites.google.com\/view\/readingppe\">1<sup>st<\/sup> Reading Philosophy, Politics, and Economics Workshop (RPPE1)<\/a><\/li>\n<\/ul>\n\n<\/div><h2 class=\"tabtitle\"><strong>Research Led Teaching<\/strong><\/h2>\n<div class=\"tabcontent\">\n\n<ul>\n<li><a href=\"https:\/\/www.reading.ac.uk\/modules\/documents?acyear=2024%252f5&amp;modcode=EC301&amp;schoolcode=PPE%20ECO%7CPPE%20GIPIS%7CPPE%20PHIL%7CPPE%20POL\">EC301 &#8211; Advanced Microeconomics<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/modules\/documents?acyear=2024%252f5&amp;modcode=EC320&amp;schoolcode=PPE%20ECO%7CPPE%20GIPIS%7CPPE%20PHIL%7CPPE%20POL\">EC302 &#8211; Advanced Macroeconomics<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/modules\/documents?acyear=2025%252f6&amp;modcode=EC320&amp;schoolcode=PPE%20ECO%7CPPE%20GIPIS%7CPPE%20PHIL%7CPPE%20POL\">EC320 &#8211; Money and Banking<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/modules\/documents?acyear=2025%252f6&amp;modcode=EC371&amp;schoolcode=PPE%20ECO%7CPPE%20GIPIS%7CPPE%20PHIL%7CPPE%20POL\">EC371 &#8211; Reasoning and Choice: Game Theory for Philosophy, Politics, and Economics<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/modules\/documents?acyear=2025%252f6&amp;modcode=ECM602&amp;schoolcode=PPE%20ECO%7CPPE%20GIPIS%7CPPE%20PHIL%7CPPE%20POL\">ECM602 &#8211; Advanced Microeconomic Analysis<\/a><\/li>\n<li><a href=\"https:\/\/www.reading.ac.uk\/modules\/documents?acyear=2025%252f6&amp;modcode=ECM603&amp;schoolcode=PPE%20ECO%7CPPE%20GIPIS%7CPPE%20PHIL%7CPPE%20POL\">ECM603 &#8211; Advanced Macroeconomic Analysis<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Background The Reading Economic Theory Cluster (RET) consists of researchers interested in theoretical approaches to explore a wide range of topics. The areas of expertise of the RET members include&#8230;<a class=\"read-more\" href=\"&#104;&#116;&#116;&#112;&#115;&#58;&#47;&#47;&#114;&#101;&#115;&#101;&#97;&#114;&#99;&#104;&#46;&#114;&#101;&#97;&#100;&#105;&#110;&#103;&#46;&#97;&#99;&#46;&#117;&#107;&#47;&#101;&#99;&#111;&#110;&#111;&#109;&#105;&#99;&#115;&#47;&#114;&#101;&#115;&#101;&#97;&#114;&#99;&#104;&#47;&#101;&#99;&#111;&#110;&#111;&#109;&#105;&#99;&#95;&#116;&#104;&#101;&#111;&#114;&#121;&#47;\">Read More ><\/a><\/p>\n","protected":false},"author":173,"featured_media":0,"parent":23,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"__cvm_playback_settings":[],"__cvm_video_id":"","footnotes":""},"coauthors":[20],"class_list":["post-4338","page","type-page","status-publish","hentry"],"acf":[],"featured_image_src":null,"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economic Theory Cluster - Economics Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Theory Cluster - Economics Research\" \/>\n<meta property=\"og:description\" content=\"Background The Reading Economic Theory Cluster (RET) consists of researchers interested in theoretical approaches to explore a wide range of topics. The areas of expertise of the RET members include...Read More &gt;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/\" \/>\n<meta property=\"og:site_name\" content=\"Economics Research\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-30T13:19:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Shixuan Wang\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/\",\"url\":\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/\",\"name\":\"Economic Theory Cluster - Economics Research\",\"isPartOf\":{\"@id\":\"https:\/\/research.reading.ac.uk\/economics\/#website\"},\"datePublished\":\"2025-04-28T10:26:24+00:00\",\"dateModified\":\"2025-04-30T13:19:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/research.reading.ac.uk\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Our Research\",\"item\":\"https:\/\/research.reading.ac.uk\/economics\/research\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Economic Theory Cluster\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/research.reading.ac.uk\/economics\/#website\",\"url\":\"https:\/\/research.reading.ac.uk\/economics\/\",\"name\":\"Economics Research\",\"description\":\"A hub of news, events, publications &amp; research clusters \",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/research.reading.ac.uk\/economics\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economic Theory Cluster - Economics Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/research.reading.ac.uk\/economics\/research\/economic_theory\/","og_locale":"en_GB","og_type":"article","og_title":"Economic Theory Cluster - Economics Research","og_description":"Background The Reading Economic Theory Cluster (RET) consists of researchers interested in theoretical approaches to explore a wide range of topics. 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