Research Profile

Connell Fanning

Biography

Professor Connell Fanning is a business economist interested in the research and application of economic ideas and methods for strategic thinking in business and also in the macroeconomic theory of the business economy. He is particularly interested in using the ideas of John Maynard Keynes about how we think and especially about the role and use of theories in the way we make sense of our world.

In 2015 he established The Keynes Centre as a practitioner-oriented focal point for facilitating personal professional transformation by individuals and organisations through the innovative approach of Transformative Thinking. He developed this approach and applied it successfully over many cycles in the Executive MBA and DBA (Business Economics) programmes at University College Cork. 

Connell joined the Department of Economics in 1978 and has held positions as Lecturer, Statutory Lecturer, Associate Professor and, from 1990-2015, Professor of Economics and Head of School. He served as Dean of the Faculty of Commerce (1985-9) and has been Visiting Professor at the Economic and Social Research Institute, Dublin (1981-3), Cornell University, N.Y. and Toulouse Business School. He was a member of the Governing Council and Forum (as now known) of the Economic and Social Research Institute, Dublin, Ireland.

He has contributed extensively to university management including as acting headships of the Department of Economics, 1988-1990; Department of Management, 1998-'90; and Department of Public Administration (now Government), 1991.

Fanning also has wide teaching experience at both undergraduate and postgraduate levels and in professional, adult and continuing education programmes. 

His publications include a theoretical study of Keynes’ macroeconomic theory of the business economy with David O Mahony , The General Theory of Profit Equilibrium: Keynes and the Entrepreneur Economy (Macmillan, London; St. Martin’s Press, New York). He has also published on local entrepreneurship and entrepreneurial renewal (Renewing a Local Economy: The Entrepreneurial Response to Crisis, Cork University Press), worker management and labour-directed firms (including co-authoring with Tom McCarthy, David O Mahony and David Tomkin), Porter’s clusters theory (with Eleanor Doyle), nurturing indigenous entrepreneurship (with Ciaran Murphy) and Penrose’s theory of organic growth of the firm (with Chen Zheng and Eleanor Doyle). In collaboration with John Bradley, he developed the modern macroeconometric capability for the ESRI, Central Bank and Department of Finance, published as Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis (ESRI, Dublin) and Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980 (ESRI, Dublin).  

He is currently working on a book with Eleanor Doyle on the theory of economic development in ‘strategic innovation economies’ based on integrating the thinking of the Joseph Schumpeter, Friedrich Hayek, Edith Penrose and Michael Porter. 

Professor Connell Fanning also has strong links with the business and external community. He has undertaken consultancy projects for businesses and public agencies, including the European Commission, has contributed to local and national Print, T.V. and Radio media on economic affairs, and has made presentations to a large range of public forums, conferences and seminars.

He holds Primary and Masters degrees in Economics from the National University of Ireland, University College, Cork, Ireland and Masters and Ph.D. degrees in Economics from Cornell, New York, USA.



Research Interests

 

Current Research

Application of Economic Ideas for Strategic Thinking in Business, especially Economic Theory for Business Strategy. 

Macroeconomic Theory of the Business Economy and J.M. Keynes as a Business Economist.
The Entrepreneurial Dilemma in Irish Development Policy.
Governance Failure in the Irish Public Sector.

Publications

Books

 YearPublication
(1998)The General Theory of Profit Equilibrium: Keynes and the Entrepreneur Economy.
Connel Fanning and David O' Mahony (1998) The General Theory of Profit Equilibrium: Keynes and the Entrepreneur Economy. London; New York: Macmillan Press; St. Martins Press.   [Details]
(1986)Renewing a Local Economy: The Entrepreneurial Response to Crisis.
Connell M. Fanning (1986) Renewing a Local Economy: The Entrepreneurial Response to Crisis. Cork: Cork University Press.   [Details]

Book Chapters

 YearPublication
(2007)'The Role for Clusters in Irish Economic Development Policy'
Connell Fanning and Eleanor Doyle (2007) 'The Role for Clusters in Irish Economic Development Policy' In: Perspectives on Irish Productivity: A Selection of Essays by Irish and International Economists. Dublin: Forfás.   [Details]
(2002)'The Irish Economy in Transition: Success, Problems and Prospects'
Fanning, C. and Murphy, C; (2002) 'The Irish Economy in Transition: Success, Problems and Prospects' In: Indigenous Entrepreneurship in Ireland: The Case of the IT Software Sector. U.S.A: Munley, V., Thornton, R.and Aronson, J. [Details]
(2002)'Nurturing Indigenous Entrepreneurship in Ireland: The Case of the IT Software Sector. In V'
Connell Fanning and Ciaran Murphy (2002) 'Nurturing Indigenous Entrepreneurship in Ireland: The Case of the IT Software Sector. In V' In: The Irish Economy in Transition: Successes, Problems and Prospects. Amsterdam: JAI/Elsevier.   [Details]
(1998)'The General Theory of Profit Equilibrium'
Connell, F.; (1998) 'The General Theory of Profit Equilibrium' In: Keynes and the Entrepreneur Economy. London: Macmillan (now Palgrave). [Details]
(1986)'A Survey of Economic Hypotheses Concerning the Non-Viability of Labour-Directed Firms in Capitalist Economies'
Connell Fanning and Thomas McCarthy (1986) 'A Survey of Economic Hypotheses Concerning the Non-Viability of Labour-Directed Firms in Capitalist Economies' In: Labour-Owned Firms and Workers Cooperatives. Aldershot: Gower. [Details]
(1985)'Public and Private Initiatives: The Business Technology Centre'
Connell Fanning (1985) 'Public and Private Initiatives: The Business Technology Centre' In: Services and The New Economy: Implications for National and Regional Development. Dublin: Regional Studies Association.   [Details]
(1983)'The Worker Co-Operative'
Connell Fanning and David O' Mahony (1983) 'The Worker Co-Operative' In: Economic Theory of Co-Operative Enterprises: Selected Readings. Oxford: The Plunkett Foundation for Co-operative Studies.   [Details]
(1982)'Ireland: Industrial Co-operatives'
Connell M. Fanning (1982) 'Ireland: Industrial Co-operatives' In: The Performance of Labour-Managed Firms. London: Macmillan Press.   [Details]
(1979)'Employment and the 1958 Policy Initiative'
Connell M. Fanning (1979) 'Employment and the 1958 Policy Initiative' In: Economic Development Twenty Years On - Lessons And Prospects. Cork: Commerce and Economics Society, University College Cork. [Details]

Peer Reviewed Journals

 YearPublication
(2012)'Penrose's unused services: a cross-cultural perspective on growth of firms'
Eleanor Doyle, Connell Fanning and Zheng Chen (2012) 'Penrose's unused services: a cross-cultural perspective on growth of firms'. Journal of Knowledge-based Innovation in China, 4 (1):66-79   [DOI] [Details]
(1983)'Hypothesis Concerning the Non-Viability of Labour-Directed Firms in Capitalist Economies'
Connell Fanning and Thomas McCarthy (1983) 'Hypothesis Concerning the Non-Viability of Labour-Directed Firms in Capitalist Economies'. Economic Analysis and Worker's Management, 17 (2):123-154 [Details]
(1983)'Economic Theory and the Worker Cooperative: An Exposition'
Connell Fanning and David O Mahony (1983) 'Economic Theory and the Worker Cooperative: An Exposition'. Economic and Industrial Democracy, 4 (2):225-241 [Details]
(1982)'Worker Cooperatives: Why So Few? - A Critique of O'Mahony's Entrepreneurial Hypothesis'
Connell Fanning (1982) 'Worker Cooperatives: Why So Few? - A Critique of O'Mahony's Entrepreneurial Hypothesis'. Journal of The Irish Academy of Management, 4 (2):27-43 [Details]
(1982)'Twenty-Five Years of Modelling the Irish Economy - Retrospect and Prospect'
Connell Fanning and John Bradley (1982) 'Twenty-Five Years of Modelling the Irish Economy - Retrospect and Prospect'. Journal of The Statistical and Social Inquiry Society of Ireland, XXIV (IV):107-131   [Details]
(1982)'Symposium on Econometric Modelling - Modelling aggregate supply for a medium-term macroeconometric model'
John Bradley and Connell Fanning (1982) 'Symposium on Econometric Modelling - Modelling aggregate supply for a medium-term macroeconometric model'. Journal of The Statistical and Social Inquiry Society of Ireland, XXIV (IV):85-138   [Details]
(1980)'Labour Co-operatives: The Legal Organizational Framework in Ireland'
Connell M. Fanning and David Tomkin (1980) 'Labour Co-operatives: The Legal Organizational Framework in Ireland'. Journal of The Irish Academy of Management, 2 (2):85-97 [Details]
(1975)'Toward a Fully Self-Managed Industrial Sector in the United States'
Cornell Self-Management Working Group (1975) 'Toward a Fully Self-Managed Industrial Sector in the United States'. Administration and Society, 7 (1):85-106   [DOI] [Details]

Published Reports

 YearPublication
(2003)The South-West Business & Technology Centre: Review & Outlook.
Fanning, C.N. and Murphy, C; (2003) The South-West Business & Technology Centre: Review & Outlook. The South-West Business & Technology Centre: Review & Outlook, The South-West Business & Technology Centre: Review & Outlook. [Details]
(1985)Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980.
Connell Fanning, John Bradley, Mark Wynne, Canice Prendergast (1985) Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980. ESRI Series General Research Series 122, Ireland. [Details]
(1984)Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis.
Connell Fanning, John Bradley (1984) Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis. ESRI Series General Research Series 115, Ireland. [Details]

Abstract

 YearPublication
(1996)Costs in providing dental treatment for severely handicapped patients.
Holland, T,Lucy, S,Fleming, E,Kavanagh, C,OMullane, D,Fanning, C (1996) Costs in providing dental treatment for severely handicapped patients. Abstract [Details]

Government Document

 YearPublication
(1984)Cork Towards 800: Crisis and Opportunity.
Connell M. Fanning (1984) Cork Towards 800: Crisis and Opportunity. Brussels: Government Document [Details]

Magazine article

 YearPublication
(1987)What Mr. Haughney Must Do.
Connell Fanning (1987) What Mr. Haughney Must Do. Dublin: Magazine article [Details]
(1984)Tax Breaks for New businesses.
Connell Fanning (1984) Tax Breaks for New businesses. Dublin: Magazine article [Details]
(1982)Enterprise and Entrepreneur.
Connell Fanning (1982) Enterprise and Entrepreneur. Magazine article [Details]

Newspaper Articles

 YearPublication
(1983)Ironing Out the Worker Coop Problems.
Connell Fanning (1983) Ironing Out the Worker Coop Problems. Dublin: Newspaper Articles [Details]
(1983)New Policies Needed to Foster Equity.
Connell Fanning (1983) New Policies Needed to Foster Equity. Dublin: Newspaper Articles [Details]
(1983)Time Ripe for a New Departure in Field of Economic Planning.
Connell Fanning (1983) Time Ripe for a New Departure in Field of Economic Planning. Dublin: Newspaper Articles [Details]

Radio Presentation

 YearPublication
(1998)About Noon - Discussion on Budget.
Connell Fanning (1998) About Noon - Discussion on Budget. Radio Presentation [Details]
(1986)Looking North - Local Employment Initiatives.
Connell Fanning (1986) Looking North - Local Employment Initiatives. Radio Presentation [Details]
(1984)Day-by-Day - Cork Crisis.
Connell Fanning (1984) Day-by-Day - Cork Crisis. Radio Presentation [Details]
(1984)Any Other Business - Cork Crisis.
Connell Fanning (1984) Any Other Business - Cork Crisis. Radio Presentation [Details]

Unpublished Reports

 YearPublication
(1994)The Pilot Initiative for the Long-Term Unemployed in Cork: An Assessment.
Lucey S., Considine J., Fanning C., Gallagher L., Kavanagh E., Moloney R. and O'Leary E.; (1994) The Pilot Initiative for the Long-Term Unemployed in Cork: An Assessment. Unpublished Reports [Details]

Serial (Book, Monograph)

 YearPublication
(1985)Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980.
John Bradley, Connell Fanning, Canice Prendergast and Mark Wynne (1985) Medium-Term Analysis of Fiscal Policy in Ireland: A Macroeconometric Study of the Period 1967-1980. Dublin: Serial (Book, Monograph)   [DOI] [Details]
(1984)Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis.
John Bradley and Connell Fanning (1984) Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis. Dublin: Serial (Book, Monograph)   [DOI] [Details]

Video recording / TV

 YearPublication
(1984)Today Tonight - Cork Economic Crisis.
Connell Fanning (1984) Today Tonight - Cork Economic Crisis. Video recording / TV [Details]
(1983)Keating on Sunday - Irish unemployment problem.
Connell Fanning (1983) Keating on Sunday - Irish unemployment problem. Video recording / TV [Details]

Working Paper

 YearPublication
(1983)Seeing the Wood Despite the Trees: Integrating Short-Term and Long-Term Policy Formulation.
Connell Fanning and John Bradley (1983) Seeing the Wood Despite the Trees: Integrating Short-Term and Long-Term Policy Formulation. Dublin: Working Paper [Details]
(1983)A Survey of Macromodels of the Irish Economy.
John Bradley and Connell Fanning (1983) A Survey of Macromodels of the Irish Economy. Dublin: Working Paper [Details]
(1982)Determinants of Employment: A Framework for Policy Evaluation.
Connell Fanning (1982) Determinants of Employment: A Framework for Policy Evaluation. Cork: Working Paper [Details]
(1980)The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part I: OLS Regression Estimates, Variables List and Data Sources.
Connell Fanning (1980) The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part I: OLS Regression Estimates, Variables List and Data Sources. Cork: Working Paper [Details]
(1980)The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part IV: Policy Simulation.
Connell Fanning (1980) The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part IV: Policy Simulation. Cork: Working Paper [Details]
(1980)The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part II: Specification of the Main Sectoral Relations.
Connell Fanning (1980) The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part II: Specification of the Main Sectoral Relations. Cork: Working Paper [Details]
(1980)The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part III Model Evaluation.
Connell Fanning (1980) The Irish Economy: An Econometric Description of Structures and Processes 1954-1975. Part III Model Evaluation. Cork: Working Paper [Details]

Professional Activities

Conference Contributions

 YearPublication
(2015)CANTILLON 2015: The National Forum for Entrepreneurship,
Connell Fanning (2015) Why Should Richard Cantillon (1755) Matter Today?. [Invited Lectures (Conference)], CANTILLON 2015: The National Forum for Entrepreneurship, IT Tralee . [Details]
(2006)61st International Atlantic Economic Society Conference,
Doyle, E and Fanning, C. (2006) Clusters within a Theory of Economic Development and Economic Progress. [Oral Presentation], 61st International Atlantic Economic Society Conference, Berlin . [Details]
(1985)Regional Studies Association (Irish Branch) Annual Conference on Services: The /new Economics,
Connell Fanning (1985) Public-Private Sector Initiatives and the Future of Cork. [Invited Lectures (Conference)], Regional Studies Association (Irish Branch) Annual Conference on Services: The /new Economics, Dublin , 01-MAR-85 - 01-MAR-13. [Details]
(1984)A Large Scale Macroeconometric Model of the Irish Economy,
Connell Fanning and John Bradey (1984) The Economic and Social Research Institute. [Invited Seminars/Guest Lectures], A Large Scale Macroeconometric Model of the Irish Economy, Dublin , 01-MAR-84 - 01-MAR-84. [Details]
(1984)Commission of th eEuropean Communities Conference on Innovation and Enterprise,
Connell Fanning (1984) Cork: Towards an Entrepreneurial Economy?. [Invited Lectures (Conference)], Commission of th eEuropean Communities Conference on Innovation and Enterprise, University College Cork , 01-SEP-84 - 01-SEP-84. [Details]
(1983)The Labour Self-Management Experience: Towards a Radical Option for Ireland,
Connell Fanning (1983) Society of Socialist Social Scientists. [Invited Seminars/Guest Lectures], The Labour Self-Management Experience: Towards a Radical Option for Ireland, Trinity College Dublin , 02-JAN-83 - 02-JAN-83. [Details]
(1983)Worker Cooperatives: A Survey of Non-Viability Hypothesis,
Connell Fanning (1983) The Economic and Social Research Institute. [Invited Seminars/Guest Lectures], Worker Cooperatives: A Survey of Non-Viability Hypothesis, Dublin , 03-JAN-83 - 03-JAN-83. [Details]
(1983)Statistical and Social Inquiry Society of Ireland, Symposium on Modelling the Irish Economy.; Annual Conference Irish Association of University Teachers of Economics,
Connell Fanning (1983) Twenty Five Years of Macromodelling the Irish Economy: Retrospect and Prospect. [Invited Lectures (Conference)], Statistical and Social Inquiry Society of Ireland, Symposium on Modelling the Irish Economy.; Annual Conference Irish Association of University Teachers of Economics, Queen's University, Belfast; Renvyle, Galway , 01-APR-83 - 01-APR-83. [Details]
(1982)Does Entrepreneurship Preclude Worker Cooperatives? Labour-Management, Entrepreneurship, and the Austrian Perspective,
Connell Fanning (1982) The Economic and Social Research Institute. [Invited Seminars/Guest Lectures], Does Entrepreneurship Preclude Worker Cooperatives? Labour-Management, Entrepreneurship, and the Austrian Perspective, Dublin , 01-JAN-82 - 01-JAN-82. [Details]
(1983)Seminar on Labour-Ownership and Worker Co-operatives,
Connell Fanning and Thomas McCarthy (1983) The Labour-Directed Firm: A Survey of Non-Emergence and Non-Survival Hypotheses. [Invited Lectures (Conference)], Seminar on Labour-Ownership and Worker Co-operatives, University of Orbero, Sweden , 13-JUN-83 - 17-JUN-84. [Details]
(1982)Statistical and Social Inquiry Society of Ireland, Symposium on Modelling the Irish Economy,
Connell Fanning and John Bradley (1982) Modelling Aggregate Supply. [Invited Lectures (Conference)], Statistical and Social Inquiry Society of Ireland, Symposium on Modelling the Irish Economy, Queen's University, Belfast , 01-FEB-82 - 01-FEB-82. [Details]
(1981)International Conference of Producer Cooperatives,
Connell Fanning (1981) Does Entrepreneurship Preclude Labour-Management?. [Invited Lectures (Conference)], International Conference of Producer Cooperatives, Copengahen School of Economics and Sociology, Copenhagen , 31-MAY-81 - 03-JUN-81. [Details]
(1980)Annual Conference Irish Association of University Teachers of Economics,
Connell Fanning (1980) Towards a medium-Term Macroeconometric Model of Ireland. [Invited Lectures (Conference)], Annual Conference Irish Association of University Teachers of Economics, Renvyle, Galway , 01-APR-80 - 01-APR-80. [Details]
(1979)Walton Symposium on Self-Management,
Connell Fanning (1979) The Cooperative Sector in Ireland. [Invited Lectures (Conference)], Walton Symposium on Self-Management, University of Strathclyde, Glasgow , 01-JUN-79 - 01-JUN-79. [Details]
(1974)First International Conference on Self-Management,
Connell Fanning and Henk Peer (1974) Labour Management in Europe. [Invited Lectures (Conference)], First International Conference on Self-Management, Massachusetts Institute of Technology, Cambridge, Mass , 01-JAN-74 - 01-JAN-74. [Details]

Education

 YearInstitutionQualificationSubject
1978Cornell University, New York Ph.D.Economics
1971University College Cork B.A.Economics
1973University College Cork M.A.Economics

Other Activities

 Description

Executive and Professional Development
 
Achieving Competitiveness: Enterprises, Regions and Nations.
Masterclass on Keynes and The General Theory of Employment, Interest and Money (1936).


Academic Management
 
Professor of Economics and Head of Department. 
Application of Economic Ideas for Strategic Thinking in Business, especially Economic Theory for Business Strategy. 
Macroeconomic Theory of the Business Economy and J.M. Keynes as a Business Economist.
The Entrepreneurial Dilemma in Irish Development Policy.
Governance Failure in the Irish Public Sector.

Teaching Activities

Teaching Interests

 

Undergraduate Teaching; The Macroeconomic Theory of Business Economy

Postgraduate Teaching;Executive MBA: Business Economics Sequence -

(1) The Market Economy: Economic Foundations for Strategic Thinking;

(2) Economic Strategy and Performance;

(3) Economics of Organisations and Knowledge;

(4) Strategic Interaction and Globalization.


 

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