Dr Thomas Marois

Department of Development Studies

Reader in Development Studies

Labour, Movements and Development

Research Cluster Member

Neoliberalism, Globalisation, and States

Research Cluster Convenor

London Middle East Institute (LMEI)

Member

Centre for Sustainable Finance

Member

Name:: Dr Thomas Marois
Email address:: tm47@soas.ac.uk
Telephone:: +44 (0)207 898 4503
Address:: SOAS University of London
Thornhaugh Street, Russell Square, London WC1H 0XG
Building:: Russell Square: College Buildings
Office No:: 293
Academic Support Hours:: By appointment online: https://t.ly/gFYA

Biography

Thomas Marois is a Reader in Development Studies, SOAS University of London, who specialises in political economy. Thomas is a world-leading researcher on public banks and the financing of green & just transitions in ways that bridge north/south divides. He is author of the new book, Public Banks: Decarbonisation, Definancialisation, and Democratisation (2021, Cambridge University Press) and co-editor of the 2020 book, Public Banks and Covid-19: Combatting the Pandemic With Public Finance. Thomas has written articles for such top-ranked academic journals as Review of Political Economy, The China Quarterly, The Journal of Peasant Studies, Environment and Planning, Water Alternatives, and Review of International Political Economy. He is a research associate with the Municipal Services Project, a global network of researchers investigating public alternatives to privatisation and commercialisation. He works closely with research institutes like the Transnational Institute, Amsterdam and the Democracy Collaborative, Washington, as well as with UNCTAD, Geneva and with numerous public financial institutions around the globe. Thomas sits on the Advisory Board of the Public Banking Institute. He has worked in the NGO, private, and public sectors in Canada and Latin America. Thomas is of Canadian Métis ancestry.

Teaching

Modules Taught

Political economy of finance, debt and development

PhD Students supervised

Ayse Arslan, Low-Paid Industrial Workers in the Garment Industry, Un-Paid House-Workers in the Family: Women Workers in Turkey/Izmir
Chris Büscher, Water and development in a variegated capitalism. Dutch water aid & trade development reproducing and transforming water access in Mozambique
Safa Joudeh, Economic zones as spatial strategy in Egypt and Tunisia (working title)

Research

My research has to date focused on a critique of neoliberal and finance-led strategies of development in emerging capitalisms. This continues to form a significant part of my research program. However, I am increasingly concerned with investigating existing public sector and cooperative alternatives to neoliberalism, particularly in the area of finance and banking. To this end, I am a member of the Municipal Services Project (www.municipalservicesproject.org/), a global network of researchers investigating public alternatives to privatisation and commercialisation. I am interested in supervising students who are exploring critical aspects of development

Expertise

For help in contacting SOAS academics and advice on services to business and the community, please contact SOAS Enterprise on +44(0)20 7898 4837 or email enterprise@soas.ac.uk.
For all press and media enquiries please call +44 (0)20 7898 4135 or email press@soas.ac.uk

Available for

Press
Briefings
Short Term Consultancy
Long Term Consultancy
Radio

Regional Expertise

Global
Latin America

Country Expertise

Mexico
Turkey

Languages

Publications

Authored Books

Marois, Thomas (2021) Public Banks: Decarbonisation, Definancialisation, and Democratisation. Cambridge: Cambridge University Press.

Marois, Thomas (2013) Devletler, Bankalar ve Kriz: Meksika ve Türkiye'de Yükselen Mali Kapitalizm. Ankara: NotaBene Yayinlari.

Marois, Thomas (2012) States, Banks and Crisis: Emerging Finance Capitalism in Mexico and Turkey. Cheltenham, Gloucestershire, UK: Edward Elgar Publishing.

Articles

Barrowclough, Diana V. and Marois, Thomas (2022) 'Public Banks, Public Purpose, and Early Actions in the Face of Covid-19'. Review of Political Economy, (34) 2, pp 372-390.

Marois, Thomas (2022) 'A Dynamic Theory of Public Banks (and why it matters)'. Review of Political Economy, (34) 2, pp 356-371.

McDonald, David A. and Marois, Thomas and Spronk, Susan (2021) 'Public Banks + Public Water = SDG 6?'. Water Alternatives, (14) 1, pp 117-134.

Ho, Sarah and Marois, Thomas (2019) 'China’s Asset Management Companies as State Spatial–Temporal Strategy'. The China Quarterly, (239), pp 728-751.

Marois, Thomas and Güngen, Ali Rıza (2016) 'Credibility and Class in the Evolution of Public Banks: The Case of Turkey'. Journal of Peasant Studies, (43) 6, pp 1285-1309.

Marois, Thomas and Muñoz-Martínez, Hepzibah (2016) 'Navigating the Aftermath of Crisis and Risk in Mexico and Turkey'. Research in Political Economy, (31), pp 165-194.

Muñoz-Martínez, Hepzibah and Marois, Thomas (2014) 'Capital Fixity and Mobility in Response to the 2008-09 Crisis: Variegated Neoliberalism in Mexico and Turkey'. Environment and Planning D: Society and Space, (32) 6, pp 1102-1119.

Marois, Thomas and Gungen, Ali Riza (2014) 'The Critical Role of State-Owned Banks in Turkey’s Development'. Development Viewpoint 75.

Marois, Thomas (2014) 'Historical Precedents, Contemporary Manifestations: Crisis and the Socialization of Financial Risk in Neoliberal Mexico'. Review of Radical Political Economics, (46) 3, pp 308-330.

Marois, Thomas and Güngen, Ali Riza (2014) 'Türkiye'nin Devlet Bankalarını Geri Kazanmak'. İktisat Dergisi (Special Issue) 527, pp 54-70.

Marois, Thomas (2013) 'Prispevek k razumevanju razraščajočega se finančnega kapitalizma'. BOREC, (LXV).

Marois, Thomas (2012) 'Interpreting Emerging Finance Capitalism in Turkey'. Centre for Policy Analysis and Research on Turkey (ResearchTurkey).

Marois, Thomas (2012) 'Türkiye’de Yükselen Finans Kapitalizminin Yorumu'. ResearchTurkey.

Marois, Thomas (2011) 'Emerging market bank rescues in an era of finance-led neoliberalism: A comparison of Mexico and Turkey'. Review of International Political Economy, (18) 2, pp 168-196.

Marois, Thomas (2010) 'The Role of Labour in Shielding Mexican Banks from the Financial Crisis'. Development Viewpoint 48.

Marois, Thomas (2009) 'Un Modelo Neoliberal para Institutionalizar el Desacuerdo Social: La Comisión de Cooperación Ambiental del TLCAN'. Revista Vetas, (12) 31, pp 57-66.

Marois, Thomas (2008) 'The 1982 Mexican Bank Statization and Unintended Consequences for the Emergence of Neoliberalism'. Canadian Journal of Political Science, (41) 1, pp 143-167.

Marois, Thomas (2006) 'From Rigged Elections to Popular Education in Toronto'. Relay, (14), pp 33-35.

Marois, Thomas (2005) 'From Economic Crisis to a ‘State’ of Crisis?: The Emergence of Neoliberalism in Costa Rica'. Historical Materialism, (13) 3, pp 101-134.

Edited Books or Journals

McDonald, David A. and Marois, Thomas and Barrowclough, Diana, (eds.), (2020) Public Banks And Covid-19: Combatting The Pandemic With Public Finance. Kingston: Municipal Services Project/Eurodad/UNCTAD.

Yalman, Galip L. and Marois, Thomas and Güngen, Ali Riza, (eds.), (2019) The Political Economy of Financial Transformation in Turkey. Abingdon; New York: Routledge. (Europa Emerging Economies).

Pradella, Lucia and Marois, Thomas, (eds.), (2015) Polarizing Development: Alternatives to Neoliberalism and the Crisis. London: Pluto Press.

Book Chapters

Marois, Thomas (2020) 'The KfW And Covid-19: Coordinating Public Finance Responses At Home And Abroad'. In: McDonald, David A. and Marois, Thomas and Barrowclough, Diana, (eds.), Public Banks And Covid-19: Combatting The Pandemic With Public Finance. Geneva, Switzerland: Municipal Services Project/Eurodad/UNCTAD, pp 149-170.

Barrowclough, Diana and Marois, Thomas and McDonald, David A. (2020) 'Introduction: Public Banks Matter At A Time Of Covid-19'. In: McDonald, David A. and Marois, Thomas and Barrowclough, Diana, (eds.), Public Banks And Covid-19: Combatting The Pandemic With Public Finance. Geneva, Switzerland: Municipal Services Project/Eurodad/UNCTAD, pp 1-25.

Marois, Thomas (2020) 'Prologue : Razones para ser anticapitalistas'. In: Harvey, David, (ed.), Razones para ser anticapitalistas. Buenos Aires: CLACSO, pp 11-20.

Marois, Thomas (2019) 'Public Banking on the Future We Want'. In: Steinfort, Lavinia and Kishimoto, Satoko, (eds.), Public Finance for the Future We Want. Amsterdam: TNI, pp 150-156.

Yalman, Galip L. and Marois, Thomas and Güngen, Ali Riza (2019) 'Introduction: Debating Financial Transformation in Turkey'. In: Yalman, Galip L. and Marois, Thomas and Güngen, Ali Riza, (eds.), The Political Economy of Financial Transformation in Turkey. Abingdon, Oxon, UK: Routledge.

Marois, Thomas (2019) 'The Transformation of the State Financial Apparatus in Turkey since 2001'. In: Yalman, Galip L. and Marois, Thomas and Güngen, Ali Riza, (eds.), The Political Economy of Financial Transformation in Turkey. Abingdon, Oxon, UK: Routledge.

Marois, Thomas and Güngen, Ali Riza (2019) 'The Neoliberal Restructuring of Banking in Turkey Since 2001'. In: Yalman, Galip L. and Marois, Thomas and Güngen, Ali Riza, (eds.), The Political Economy of Financial Transformation in Turkey. Abingdon, Oxon, UK: Routledge.

Marois, Thomas and Güngen, Ali Rıza (2018) 'Credibility and class in the evolution of public banks: the case of Turkey'. In: Ho, Peter, (ed.), An Endogenous Theory of Property Rights. Abingdon; New York: Routledge.

Marois, Thomas and Gungen, Ali Riza (2016) 'Reconstruyendo La Banca Pública_El Caso De Turquía'. In: Cortés-Ramos, Alberto and Alpízar, Felipe and Cascante, María José, (eds.), Estados, Empresas Publicas y Desarrollo. San Jose, Costa Rica: Universidad de Costa Rica, pp 163-187.

Marois, Thomas (2016) 'State-Owned Banks and Development: Dispelling Mainstream Myths'. In: Erdoğdu, Mustafa and Christiansen, Bryan, (eds.), Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region. Hershey, PA: IGI Global, pp 52-72.

Marois, Thomas and Güngen, Ali Rıza (2016) '(Re)Making Public Banks: The Case of Turkey'. In: McDonald, David A., (ed.), Making Public in a Privatized World: The Struggle for Essential Services. London: Zed Books.

Marois, Thomas (2015) 'Banking on Alternatives to Neoliberal Development'. In: Pradella, Lucia and Marois, Thomas, (eds.), Polarizing Development: Alternatives to Neoliberalism and the Crisis. London: Pluto Press.

Marois, Thomas and Pradella, Lucia (2015) 'Polarising Development – Introducing Alternatives to Neoliberalism and the Crisis'. In: Pradella, Lucia and Marois, Thomas, (eds.), Polarizing Development: Alternatives to Neoliberalism and the Crisis. London: Pluto Press, pp 1-12.

Marois, Thomas (2012) 'Finance, Finance Capital, and Financialisation'. In: Fine, Ben and Saad Filho, Alfredo, (eds.), The Elgar Companion to Marxist Economics. Cheltenham: Edward Elgar.

Monographs and Working Papers

Stadheim, Victoria and Sengul, Serdar and Marois, Thomas (2022) The pandemic’s promising lessons for the future of green public banking: Policy insights for the UK Infrastructure Bank. London: UCL Institute for Innovation and Public Purpose, Policy Brief series (IIPP PB 18).

Marois, Thomas (2021) Opinion on The Finnish Climate Fund (Ilmastorahasto) Strategy. London: UCL Institute for Innovation and Public Purpose, Policy Brief series (IIPP PB 16)..

Marois, Thomas and Güngen, Ali Rıza (2019) A US green investment bank for all: Democratized finance for a just transition. Washington: Democracy Collaborative.

Marois, Thomas (2018) Towards a Green Public Bank in the Public Interest. Geneva: UNRISD.

Marois, Thomas (2017) How Public Banks Can Help Finance a Green and Just Energy Transformation. Amsterdam: TNI.

Marois, Thomas (2017) TiSA and the Threat to Public Banks. Amsterdam: TNI.

Marois, Thomas (2013) State-owned banks and development: Dispelling mainstream myths. Municipal Services Project.

Marois, Thomas and Gungen, Ali Riza (2013) Reclaiming Turkey's State-owned Banks. Municipal Services Project.

Marois, Thomas and Güngen, Ali Riza (2013) Türkiye'nin Devlet Bankalarını Geri Kazanmak. Municipal Services Project.

Yalman, Galip L. and Türel, Oktar and Marois, Thomas (2013) Comparative Perspective on Financial System in the EU: Country Report on Turkey. Leeds: FESSUD.

Muñoz-Martínez, Hepzibah and Marois, Thomas (2013) Capital Fixity and Mobility in Response to the 2008-09 Crisis: Variegated Neoliberalism in Mexico and Turkey. Research on Money and Finance.

Marois, Thomas (2011) The Socialization of Financial Risk in Neoliberal Mexico. London: Research on Money and Finance, Department of Economics, SOAS.

Marois, Thomas (2009) Emerging Market Bank Rescues in an Era of Finance-Led Neoliberalism. Research on Money and Finance Discussion Papers.