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Nick  Potts

Professor Nick Potts BSc, MSc, PhD

Professor

School of Business, Law and Communications

023 8201 3876 ext. 3876 Room no. SMY20

Biography

Nick is a professor of economics at Solent University. He received his PhD degree from the University of London under the supervision of Lord Meghnad Desai. He serves on the editorial boards of Capital and Class and Lexington Books’ series Heterodox Studies in the Critique of Political Economy. His research applies Marx’s value theory and analysis of capitalism to the economic issues of today, including globalisation, the environment, the Euro, knowledge-based production and the latest global economic crisis.

Professor Potts’s recent publications include “The Missing C that Threatens to Flood Us All” International Journal of Social Economics; “Valuation in the Presence of Stocks of Commodities” Critique of Political Economy; “Marx and the Crisis” Capital and Class; “Keynesian Economics: In Search of Unnatural Stability” Critique: Journal of Socialist Theory; “An Unacceptable Misrepresentation: Dismissing Marx’s Value Theory By Deliberately Distorting The Temporal Single System Interpretation of Marx”  World Review Of Political Economy; “‘Surplus Profits’ and Progressive Land Ownership” Critique: Journal of Socialist Theory; “Two Temporal Single System Interpretation of Marx Calculations of the MELT” Marxism 21, and with Andrew Kliman “Is Marx’s Theory of Profit Right: The Simultaneist-Temporalist Debate” Lexington Books, Lanham (USA).

Nick is a member of the Conference of Socialist Economists, International Working Group on Value Theory, and the Association of Heterodox Economists.

In 2015, Nick was the conference organiser for the Association of Heterodox Economics' annual conference, which was held at Solent and attended by over 90 economists. As one of the special themes of the conference, recently formed student organisations advocating more pluralism in economics education took part (such as the post-crash economics society and rethinking economics). The participants in the Radio 4 series considering the crisis in economics all came (including Steve Keen, Victoria Chick and Devrim Yilmaz).

Taught courses

Further information

  1. Teaching experience

    Nick has extensive teaching experience in areas including economics, globalisation, political economy, European integration, Eastern Europe, Marx's economics, and monetary economics. Click below to find out more.

    Nick currently teaches:

    • Research Communications – Post Graduate Certificate in Research (to PhD students).
    • The UK Monetary and Financial System (Accountancy and Finance Level 5 students).
    • Global Business Environment (Business Management level 5 students).
    • The Economics of Sport (Business and Sport level 5 students).
  2. Research, enterprise and professional practice interests

    Nick is actively involved in a number of research, enterprise and professional practice activities. Click below to find out more about Nick's interests in this area.

    At Solent, Nick is the working papers co-ordinator and research seminar organiser (with Ben Andoh) for the School of Business, Law and Communications. He is also PhD lead for the Business, PhD supervisor as DOS for two students (he has taken part and chaired both transfer and final PhD examinations, and represented the University on PhD matters at Nottingham Trent University). Additionally, he is acting as the economics consultant for a film on moving the UK to zero carbon emissions.

    Outside of Solent, Nick is a member of the editorial board of Capital and Class (the value theory expert). He serves on the editorial board of Lexington Books’ series Heterodox Studies in the Critique of Political Economy, and is on the committee of the Association for Heterodox Economics.
  3. Recent publications

    Nick's recent publications include academic journal articles and refereed journal articles. For more information, follow the link below.

    Refereed journal articles, books and chapters in edited books

    Potts, N. (2016), ‘Two Temporal Single System Interpretation of Marx Calculations of the MELT’, Marxism 21, Vol. 13, No. 2, Summer, pp.94-122.

    Potts, N. (2016), ‘‘Surplus Profits’ and Progressive Land Ownership: A Marxist Perspective’, Critique: Journal of Socialist Theory, Vol. 44, No. 3, Summer, pp.233-252.

    Kliman, A.; A. Freeman; N. Potts; A. Gusev and B. Cooney (2015). "Als hätte es 'Das Kapital' nie gegeben: Michael Heinrichs Versuch, die Marx'sche Krisentheorie zu eliminieren." Marxistische Blätter 3_15. Essen: Neue Impulse Verlag. www.marxistische-blaetter.de  http://www.trend.infopartisan.net/trd0108/trd510108.html

    N. Potts and A. Kliman (2015), Is Marx’s Theory of Profit Right: The Simultaneist-Temporalist Debate, Lexington Books, Lanham (USA), ISBN 978-0-7391-9631-1.

    Potts, N. (2014), ‘An Unacceptable Misrepresentation: Dismissing Marx’s Value Theory By Deliberately Distorting The Temporal Single System Interpretation of Marx’, World Review Of Political Economy, Vol. 5 No. 1, Spring, pp.66-116.

    Potts, N. (2013), ‘Keynesian Economics: In Search of Unnatural Stability’, Critique: Journal of Socialist Theory, Vol. 41, No. 2, May, pp.183-197.

    Potts, N. (2011), ‘Marx and the crisis', Capital & Class, Vol. 35, No. 3, pp.455-474.

    Potts, N. (2011), 'Valuation in the Presence of Stocks of Commodities', Critique of Political Economy, Vol. 1, pp.89-119.

    Potts, N. (2011), ‘The Missing C That Threatens To Flood Us All’, International Journal of Social Economics, Vol. 38, No. 3, pp.273-290

    Potts, N. (2010), ‘Marx’s Big Idea’, in Mouatt, S. and C. Adams (eds) The Corporate and Social Transformation of Money and Banking, Palgrave, Macmillan, pp.56-70.

    Potts, N. (2010), ‘When Is a Financial Crisis not a Financial Crisis?’, in Mouatt, S. and C. Adams (eds) The Corporate and Social Transformation of Money and Banking, Palgrave, Macmillan, pp.71-86.

    Potts, N. (2010), ‘Surplus Capital The Ultimate Cause Of The Crisis’, Critique: Journal of Socialist Theory, Vol. 38, No. 1, February, pp.1-15.

    Potts, N. (2009), ‘Recovering Marx: past and present’, Critique: Journal of Socialist Theory, Vol. 37, No. 3, August, pp.473-478.

    Potts, N. (2009), ‘Trying To Help Rescue Value For Everyone’, Critique: Journal of Socialist Theory, Vol. 37, No. 2, May, pp.167-189.

    Potts, N. (2007), ‘Some Preliminary Thoughts On Knowledge-Based Production: 49 Seconds On Mustafar’, Critique: Journal of Socialist Theory, Vol. 35 No.3, pp.357-373.

    Potts, N. (2007), ‘An Alternative Circuitist View For Southeastern Europe’, International Journal of Financial Services Management, Vol. 2 No. 1/2, pp.3-13.

    Potts, N. (2005), ‘The relevance of Marx to all students of Economics, no matter the level’, International Journal of Social Economics, Vol. 32 No. 9, pp.827-851.

    Potts, N. (2003), ‘To whose value is the Euro?’, European Business Review, Vol. 15 No. 4, pp.221-234.

    Potts, N. (2003), ‘Why Are Kalecki’s Rentiers So Boom Tired’, International Journal of Social Economics, Vol. 30 No. 1/2, pp.163-181.

    Potts, N. (2001), ‘Is it time to finally take Dr. Kalecki’s Rational Planning Medicine’, International Journal of Social Economics, June Vol. 28 No. 8, pp.667-680.

    Potts, N. (2001), ‘Kalecki, any old idiot and the European Central Bank’, European Business Review, Vol. 13 No. 3, pp.166-184.

    Potts, N. (2000), ‘Rapid Reform in Retrospect’, Economic and Business Review: For Central and South-Eastern Europe, Vol. 2 No. 2, pp.209-228.

    Potts, N. (2000), ‘Will the Single European Market make us all richer and happier?’, European Business Review, Vol. 12 No. 6, pp.322-336.

    Potts, N. (1999), ‘Privatisation a False Hope’, The International Journal of Public Sector Management, Vol. 12 No. 5, pp.388-409.

    Potts, N. (1999), ‘Flexibility and all that: understanding the EU Labour Market’, European Business Review, Vol. 99 No. 3, pp.170-188. 

    Potts, N. (1997), ‘National Economic Sovereignty and the Single European Currency’, European Business Review, Vol. 97 No. 1, pp.11-23.

  4. Academic conferences and community events

    Nick has participated in many conferences and events relating to his specialist subject areas. Click below to find out more.

    Presented: ‘TSSI Experiments in Circulation’, Mancept Workshops in Political Theory – Marx’s Capital Stream, Manchester University, September 2016.

    Presented: ‘Did Marx & Piketty neglect inequality created by urban windfall gains and surplus profits?’, Panel Title: How might cities shape a new economics? Association for Heterodox Economics Annual Conference, Glasgow University, July 2016.

    Presented: ‘TSSI Experiments in Circulation’, Association for Heterodox Economics Annual Conference, Glasgow University, July 2016.

    Took part in: ‘EU Referendum Question Time’ with Sir Vince Cable, MP Julian Lewis and European Financial Lawyer Claire Cummings, at Beaulieu Abbey, 3 June 2016 (250 people, the event was sold out).

    Presented: ‘Surplus Profits’ and Progressive Land Ownership’ at the ESRC Seminar on Factor Income Distribution, Work and Employment: Social and Economic Perspectives, at Birmingham City University 31 March 2016.

    Took part in (one of four debaters): ‘This house believes that we should learn to love our bankers’ Charitable debate for the British Heart Foundation’, Bucklers Hard, November 2015.

    Presented: ‘Is Marx's Theory of Profit Right? Lessons for Pluralism’, Association for Heterodox Economics Annual Conference, Southampton Solent University, July 2015.

    Presented: ‘Surplus Profits’ and Progressive Land Ownership: A Marxist Perspective’, Association for Heterodox Economics Annual Conference, London, July 2014.

    Expert economist in the live worldwide webcast of the Embrace the Change Environment event hosted at Southampton Solent University on 27 March 2014. Available at www.globaldocumentary.org

    Presented: ‘Keynesian Economics: In Search of Unnatural Stability’.  Association for Heterodox Economics Annual Conference, London, July 2013.

    Presented: ‘The Capitalist-Specific Nature of Money and Banking’, Reforming Money: A One Day Symposium on Public and Community Banking, Southampton Solent University, September 2012.

    Presented: ‘Unforgivable Misrepresentation: Deliberately Distorting the Temporal Single System Interpretation Of Marx In-Order To Dismiss Marx’s Value Theory’, Association for Heterodox Economics Annual Conference, Paris, July 2012.