John Bennett

Professor of Economics
Economics and Finance

Room: Marie Jahoda Room 254
Brunel University
Uxbridge, UB8 3PH
United Kingdom
Tel: +44 (0)1895 266649



  • DPhil Economics (Sussex)
  • MA Economics (Cambridge)

Personal Biography

I completed my PhD on socialist economics in 1979. I then worked at University College, Cardiff, before moving to Swansea University, where I became Professor, and then Head of Department. I have held one-year visiting posts at Washington University (St Louis) and Queens' University, Kingston, Ontario. I am the author of The Economic Theory of Central Planning (Blackwell, 1989), and I have published widely in journals including American Economic Review, Bell (Rand) Journal of Economics, European Economic Review, Journal of the European Economic Association, Journal of Money, Credit and Banking, and Journal of Public Economics.


Research Overview

I am an applied economic theorist. Currently, my main research interest is in informality (economic activity that is not registered with the authorities, e.g., for tax purposes) in developing and transition economies. This overlaps with an interest in small firms in such economies. I am involved in joint work with specialists on Russia, Georgia and Senegal. I currently have a secondary interest in issues relating to privatization, public-private partnerships and public infrastructure.

Director, Centre for Economic Development and Institutions (CEDI)


Current Projects

Thyssen Foundation
Risk and labour market informality in Russia
This project is based at the IZA, University of Bonn

Volkswagen Foundation
Labour market informality in Georgia
This project is based at the IZA, University of Bonn


PhD Supervision

Dima Bagh: Transnational infrastructure project evaluation; January 2011 -


Undergraduate Programmes

Module convenor

  • Advanced Topics in Economic Theory (Level 3)
  • Development Economics (Level 3)


  • Director of Dept PhD Programme

External Activity

  • Research Fellow, Institute for the Study of Labour (IZA), University of Bonn
  • Research Fellow, Development and Reform Research Team (DARRT), University of Bologna



Journal Papers

(2013) Bennett, J., Dixon, HD. and Hu, HXY., The transition from dual-track pricing to a market system: Winners and losers, Economic Systems 37 (1) : 30- 44

(2012) Bennett, J., Gould, M. and Rablen, MD., Risk attitudes and informal employment in a developing economy, IZA Journal of Labor and Development 1 (December 2012) : -

(2012) Bennett, J. and La Manna, M., Mixed oligopoly, public firm behavior, and free private entry, Economics Letters 117 (3) : 767- 769

(2011) Bennett, J., Informal production and labour market segmentation, Journal of Institutional and Theoretical Economics 167 (4) : 686- 707 Download publication

(2010) Bennett, J., Iossa, E. and Legrenzi, G., Commercial activity as insurance: the investment behaviour of non-profit organizations, Annals of Public and Cooperative Economics 81 (3) : 445- 465

(2010) Bennett, J. and Iossa, E., Contracting out public service provision to not-for-profit firms, Oxford Economic Papers 62 (4) : 784- 802 Download publication

(2010) Bennett, J., Informal firms in developing countries: Entrepreneurial stepping stone or consolation prize?, Small Business Economics 34 (1) : 53- 63

(2007) Bennett, J., Estrin, S. and Urga, G., Methods of privatization and economic growth in transition economies, Economics of Transition 15 (4) : 661- 683

(2007) Bennett, J., Estrin, S. and Urga, G., Privatization methods and economic growth in transition economies, Economics of Transition 15 661- 683

(2007) Bennett, J., Estrin, S. and Maw, J., The choice of privatization method in a transition economy when insiders control a firm, European Journal of Political Economy 23 (3) : 806- 819

(2006) Bennett, J. and Iossa, E., Building and managing facilities for public services, Journal of Public Economics 90 (10-11) : 2143- 2160

(2006) Bennett, J. and Iossa, E., Delegation of contracting in the private provision of public services, Review of Industrial Organization 29 (1-2) : 75- 92

(2005) Bennett, J., Estrin, S. and Maw, J., Why did transition economies choose mass privatization?, Journal of the European Economic Association 3 (2-3) : 567- 575

(2003) Bennett, J. and Maw, J., Privatization, partial state ownership, and competition, Journal of Comparative Economics 31 (1) : 58- 74

(2003) Bennett, J., Iossa, E. and Legrenzi, G., The role of commercial non-profit organizations in the provision of public services, Oxford Review of Economic Policy 19 (2) : 335- 347

(2002) Bennett, J., Mixed ownership of industrial firms in Japan: Debt financing, banks and vertical keiretsu groups, Economic Systems 26 (3) : 231- 247

(2001) Bennett, J. and Dixon, HD., Monetary policy and credit in China : a theoretical analysis, Journal of Macroeconomics 23 (2) : 297- 314

(2001) Bennett, J. and La Manna, MMA., Reversing the Keynesian asymmetry, American Economic Review 91 (5) : 1556- 1563

(2000) Bennett, J. and Maw, J., Privatisation and market structure in a transition economy, Journal of Public Economics 77 (3) : 357- 382

Book Chapters

(2009) Bennett, J. and Estrin, S., Entrepreneurial entry in a developing country. In: Kanbur, R. and Svejnar, J. eds. Labour Markets and Economic Development. Abingdon : Routledge 157- 175


(1989) Bennett, J., The economic theory of central planning. John Wiley and Sons Ltd

Page last updated: Thursday 12 July 2012