Thomas Marois is Senior Research Fellow in Patient Finance and Public Banking at the UCL Institute for Innovation & Public Purpose (IIPP).
Dr. Marois is also a Research Associate at the Municipal Services Project, Kingston, Canada and holds a Senior Lectureship in Development Studies at SOAS University of London. He collaborates with civil society research institutes, including the Transnational Institute, Amsterdam, the Democracy Collaborative, Washington, and Eurodad, Brussels, as well as with UN bodies, including UNRISD, UNFfD, and UNCTAD. He sits on the Advisory Board of the US-based Public Banking Institute. Dr. Marois has worked in the NGO, private, and public sectors in Canada and Latin America.
Dr. Marois’ research goes into depth on the roles that public banks are playing in the funding of energy transitions, climate challenges & SDGs, and equitable provisioning of essential public services. He is especially engaged in research on public banks funding public water provisioning.
His newest book, Public Banks: Decarbonisation, Definancialisation, and Democratisation, will be published by Cambridge University Press in early 2021. He is also the author of the book States, Banks and Crisis: Emerging Finance Capitalism in Mexico and Turkey (2012) and co-editor of the books Public Banks and Covid-19: Combatting the Pandemic With Public Finance (2020), The Political Economy of Financial Transformation in Turkey (2019) and Polarizing Development: Alternatives to Neoliberalism and the Crisis (2015). Thomas has written articles for such top-ranked academic journals as The China Quarterly, The Journal of Peasant Studies, Environment and Planning, Water Alternatives, and Review of International Political Economy.
Marois, T. (2021) Public Banks: Decarbonisation, Definancialisation, and Democratisation. Cambridge University Press.
McDonald, D.A., Marois, T., and Barrowclough, D.V. (eds.) (2020) Public Banks and Covid-19: Combatting the Pandemic with Public Finance. Municipal Services Project (Kingston), UNCTAD (Geneva), and Eurodad (Brussels). https://publicbankscovid19.org/index.php/publications
Yalman, G.L., Marois, T., and Güngen, A.R. (eds.) (2019) The Political Economy of Financial Transformation in Turkey. Abingdon: Routledge.
Pradella, L. and Marois, T. (eds.) (2015) Polarizing Development: Alternatives to Neoliberalism and the Crisis. London: Pluto Press.
Marois, T. (2012) States, Banks, and Crisis: Emerging Finance Capitalism in Mexico and Turkey, Cheltenham, Gloucestershire, UK: Edward Elgar Publishing.
- Journal articles
Marois, T. (2021) A Dynamic Theory of Public Banks (and Why it Matters). Review of Political Economy. Published online.
McDonald, D.A. and Marois, T. and Spronk, S. (2021) 'Public Banks + Public Water = SDG 6?'. Water Alternatives, (14) 1, pp 117-134.
Ho, S. and Marois, T. (2019) 'China’s Asset Management Companies as State Spatial–Temporal Strategy'. The China Quarterly, 239: 728-751. https://doi.org/10.1017/S0305741019000018
Marois, T. and Güngen, A.R. (2016) ‘Credibility and Class in the Evolution of Turkey’s Public Banks’, Journal of Peasant Studies, 43(6): 1285-1309. https://doi.org/10.1080/03066150.2016.1176023
Marois, T. and Muñoz-Martínez, H. (2016) ‘Navigating the Aftermath of Crisis: Capital Fixity and Mobility in the Socialization of Financial Risks in Mexico and Turkey since 2009’, Research in Political Economy, (31): 165-194. https://doi.org/10.1108/S0161-723020160000031010
Muñoz-Martínez, H. and Marois, T. (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. https://doi.org/10.1068/d13165p
Marois, T. (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. https://doi.org/10.1177/0486613413506077
Marois, T. (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. https://doi.org/10.1080/09692290903475474
Marois, T. (2008) 'The 1982 Mexican Bank Statization and Unintended Consequences for the Emergence of Neoliberalism'. Canadian Journal of Political Science, (41) 1, pp 143-167. https://doi.org/10.1017/S0008423908080128
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. https://doi.org/10.1163/1569206054927671
- Academic working papers
Marois, T. (2021). A dynamic theory of public banks (and why it matters). UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2021/06). Available at: https://www.ucl.ac.uk/bartlett/public-purpose/wp2021-06
Marois, T. (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. Municipal Services Project/Eurodad/UNCTAD, pp 149-170.
Barrowclough, D. and Marois, T. and McDonald, D.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. Municipal Services Project/Eurodad/UNCTAD, pp 1-25.
Marois, T. (2020) 'Prologue : Razones para ser anticapitalistas'. Razones para ser anticapitalistas. Buenos Aires: CLACSO, pp 11-20.
Marois, T. (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, G.L. and Marois, T.and Güngen, A.R. (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, T.(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, T. and Güngen, A.R. (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, T. and Güngen, A.R. (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, T. and Gungen, A.R. (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, T. (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, T. and Güngen, A.R. (2016) '(Re)Making Public Banks: The Case of Turkey'. In: McDonald, David, (ed.), Making Public in a Privatized World: The Struggle for Essential Services. London: Zed Books.
Marois, T. (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, T. and Pradella, L. (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, T. (2013) State-owned banks and development: Dispelling mainstream myths. Municipal Services Project. http://www.municipalservicesproject.org/msp-publications/Occasional%20Paper
Marois, T. and Gungen, A.R. (2013) Reclaiming Turkey's State-owned Banks. Municipal Services Project. http://www.municipalservicesproject.org/publication/reclaiming-turkeys-s...
Marois, T. (2012) 'Finance, Finance Capital, and Financialisation'. In: Fine, Ben and Saad Filho, Alfredo, (eds.), The Elgar Companion to Marxist Economics. Cheltenham: Edward Elgar.
- Policy briefs and reports
Marois, T. and Güngen, A.R. (2019) A US green investment bank for all: Democratized finance for a just transition. Washington: Democracy Collaborative. https://thenextsystem.org/green-investment-bank
Marois, T. (2018) Towards a Green Public Bank in the Public Interest. Geneva: UNRISD. http://www.unrisd.org/80256B3C005BCCF9/search/6F7C5293F1419157C125823D00...
Marois, T. (2017) How Public Banks Can Help Finance a Green and Just Energy Transformation. Amsterdam: TNI. https://www.tni.org/en/publication/how-public-banks-can-help-finance-a-g...
Marois, T. (2017) TiSA and the Threat to Public Banks. Amsterdam: TNI. https://www.tni.org/files/publicationdownloads/tisa_and_the_threat_to_pu...
Marois, T. (2012) 'Interpreting Emerging Finance Capitalism in Turkey'. Centre for Policy Analysis and Research on Turkey (ResearchTurkey)
Marois, T. (2010) 'The Role of Labour in Shielding Mexican Banks from the Financial Crisis'. Development Viewpoint 48. https://eprints.soas.ac.uk/8496/
- In the media
Güngen, A.R. and Marois, T. (2019) We need a democratized Green Investment Bank for a just transition. openDemocracy. https://www.opendemocracy.net/en/oureconomy/we-need-democratized-green-i...
Marois, T. (2017) Costa Rica’s Banco Popular shows how banks can be democratic, green – and financially sustainable. The Conversation.