EconIssues - Patrick A McNutt

Manchester Business School Alumni talks

In addressing Manchester Business School Alumni associations in Dubai and Singapore, Patrick McNutt argues that the world economy is now enduring a signalling cycle that probably began in the US on March 12th 2007 and it will continue to oscillate until either a market equilibrium (= continued recession) or a

Signalling (pdf)
Signalling 2009 (pdf)
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Ethics of Enterprise Risk Management

This is a short paper due for publication in 2010. The views are personal. The paper outlines the background to Demidenko and McNutt's new consultancy tool (available on this web page] for assessing a company's ethical maturity in terms of ERM and improving the governance gap.

thics of Enterprise Risk Management (pdf)
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Tao of Ethics

In this first draft of Tao of Ethics, Patrick McNutt explores an ethical way based on Kantian philosophy and Chinese philosophy. Due for publication in 2010, it is envisaged that the book will complement Political Economy of Law, which is due for publication by Edward Elgar Publishing in the summer of 2009.

Tao of Ethics (pdf)
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Drivetime Interview with Mary Wilson

Nationalised banking structures destroy shareholder value and incur long terms costs for the taxpayers.

BigBankParadox (pdf)
BigBankParadox_powerpoint (ppt)
Drivetime_on_RTE_
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CNBC Financial Crisis Interview

Patrick McNutt on CNBC Asia Squawk Box recently, talking to Martin Soong about financial crisis, world trade and scenarios for 2009.

CNBC_Video
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Radio Interview regarding Irish Banks

Prof McNutt has recently (November 22nd) been interviewed on RTE radio’s Sunday Morning show The Business with John Murray, talking about the Big Bank Paradox. More information about the Black Swan is in the relevant news item on this site, and a link to the RTE interview is below.

RTE Radio Interview
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Big Bank Paradox: There is at least one black swan

Patrick McNutt advocated a big bank solution to the on going discussions on consolidation amongst the Irish banks. It is the only solution to ensure the long term sustainability of Irish banking in the EU and Ireland Inc’s competitive advantage in financial services.

BigBankParadox (pdf)
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A Managed Exchange Rate Regime in 2009

Patrick McNutt of Manchester Business School addressing Alumni associations in Singapore and Hong Kong has called for a managed exchange rate regime to be on the agenda for the Summit scheduled in Washington DC on November 15th...

Managed Exchange Rate (pdf)
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Critical Acclaim for McNutt's Book

In a wide ranging review, David Bailey of King's College, London, comments that [sic] 'all in all, this is an interesting and thought provoking book; it provides a useful contribution to how economic analysis is used. In places it is akin to a patchwork quilt of ideas and case studies, but certain theme

Review by David Bailey (pdf)
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Patrick McNutt addressing the UBP Hedge Fund in Geneva

Patrick McNutt addressed UBP's Hedge Fund Conference in Geneva on May 28-29, 2008 on applying game theory to explain the current financial crisis.

Signalling Cycle (pdf)
Private Equity (pdf)
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Bloomberg Interview

Live interview with Bloomberg on 6 March 2008 discussing the Sub-prime and credit crisis in US as well as situations in UK and Asia.

Bloomberg Video
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Game Embedded Strategy

Drawing on the new book on the Tx3 Framework, Patrick has explored how Game theory can be used to directly play-out scenarios to determine which strategic options are optimal. This is important for making the step from strategic option to strategic decision. The tool-box presented in this paper can apply to business strategy at different levels; corporate, divisional or regional, etc, all of which have one starting point – the goals of the organization.

GEMS (pdf)
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Ethical Maturity Framework and Index

This innovative new framework and index is a basis for management self assessment and description of current and future state of Ethical Maturity of Risk Governance in and organisation.

Ethical Maturity Framework (pdf)
Ethical Maturity Index Questionnaire (pdf)
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New Kaelo Version 2 Released and available on this site.

Kaelo v2.0 is an e-learning tool to application of many economic concepts and is used in the Manchester Worldwide MBA programme. It has developed in many areas especially with a new approach to signalling and the link between signals inherent in business video clips and share performance. A commercial version, Kaelo v3.0, will be constructed in 2008 tofocus on game dynamics, on signalling as a concept and on its application as a measuring tool for investment analysis.

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The new 'Tx3 Framework', an exciting new book on understanding management types.

Patrick McNutt's new book on understanding management type, blending game theory with mangement models is due for release in mid-2008. In the interim, McNutt's new Tx3 Framework for adapting strategy is presented for public commentary, capturing type, technology and time as key drivers in defining strategy.

Introduction to the Tx3 Framework (pdf)
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Patrick McNutt to guest edit special issue of International Journal of Social Economics

Patrick McNutt is Guest Editor in a Special Issue devoted to Kant scholarship as applied to ethics and governance. Interested contributors please access the journal's Call for Papers at:

International Journal of Social Economics
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Patrick McNutt speaks on Law and Economics for European Law

Patrick McNutt’s paper at a symposium hosted by the Faculty of Law, Universite du Luxembourg, European Court of Justice and European Association of Law and Economics argued that the infusion of economics into competition and antitrust law has focused the antitrust debate on the protection of consumer welfare, and latterly, enhancing economic efficiency. It has established a ‘best’ outcome described in terms of (perfect) competition. A more appropriate model in our search for the ‘best’ outcome may be found in a model that incorporates an institutional dimension of society – an economic system that includes a portion of the political and legal structure as well. A model of a corporate economy rather than a model of a firm: a model that recognises that certain markets will in time be organised into a cartel or consolidated through some type of government regulated intervention. Copy of the paper can be located in Recent Conference Papers icon in this web page.

Paper
Presentation
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Single Prices Commission

Emperor's New Clothes: A Single National Prices Commission? by Patrick McNutt

Article (doc)
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Ireland plc in a Geo-Market - The Challenge and Some Lessons

March 2006, Patrick McNutt addresses a group of US executives visiting Dublin on the theme of the future challenges for Ireland plc.

Global Competition (ppt)
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Patrick McNutt and the Manchester Business School

Patrick McNutt promotes MBA learning at The Manchester Business School, one of the leading business schools in the world. Like the pink blossoms falling from a frangipani tree, enhancing a sense of tranquillity, the Manchester MBA will enhance your sense of knowledge and learning.

Shanghai Daily Article (pdf)
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A Single National Prices Commission?

Writing in Public Affairs Ireland, Patrick McNutt observes that everyday experience in Ireland of late is one of ever-increasing prices and increasing charges across the board, particularly in the regulated sectors. J.K Galbraith caught the mood in his Affluent Society published nearly fifty years ago in 1958: ‘there is nothing on which the conventional wisdom is more completely agreed than the importance of stable prices’. Price conscious consumers in Ireland would concur. Why do we need so many regulators to regulate the price?
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Groceries Order Solution

In his submission to the Department of Enterprise, Trade & Employment, Patrick McNutt 'has suggested either (i) replacing the Groceries Order in its entirety with an Amendment to the Competition Act 2002 that inserts a time test on bona fide price offers or (ii) given the complexity in understanding the meaning of price under the Groceries Order, insert a new Section modelled on a price variant of the civil ordinary selling price provisions of the Canadian Competition Act'.

Groceries Order (pdf)
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International competitiveness in a modern progressive economy

Regulation of financial services is a key component in obtaining a degree of international competitiveness in a modern progressive economy, argued Patrick McNutt in submission to Department of Finance. In framing a single legal text purporting to supplant all or part of existing primary legislation governing the regulation of the financial services sector in Ireland there are two key factors argues McNutt and thus, the Minister’s intention to establish a new regulatory structure is timely. The two factors are: (i) the rapid technological changes in telecommunications and data processing. (ii) The regulatory burden in the po

Link to PDF
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