Professor Martin Ricketts

Professor Martin Ricketts, Dean of Humanities at the University of Buckingham, the UK's top university for student satisfactionProfessor Martin Ricketts is Professor of Economic Organisation at the University. He graduated from the University of Newcastle Upon Tyne (1970) and has a DPhil from the University of York (1980). He has published in professional journals on the theory of the firm, aspects of public finance, the new institutional economics and housing policy. He worked as a research economist at the Industrial Policy Group (1970-1972) under the direction of Professor John Jewkes and was Research Fellow at the Institute of Social and Economic Research at the University of York (1975-1977). He has been on the academic staff of the University of Buckingham since 1977, becoming successively Lecturer, Senior Lecturer, Reader and finally Professor (1987). He has held a number of visiting posts abroad, notably Visiting Professor at the Virginia Polytechnic and State University (VPI) in the USA, and has lectured widely in other countries. He is a Fellow of the Royal Society of Arts Manufactures and Commerce and was an Honorary Professor at Heriot-Watt University (1996-2006). He was Economic Director of the National Economic Development Office (UK) 1991-1992; Dean of the School of Business at the University of Buckingham (1993-1997) and Dean of Humanities (2001-2014).  He is a managing trustee of the Institute of Economic Affairs and is chairman of its International Advisory Council.  He is also a trustee of the Institute of International Monetary Research.  He has a keen interest in music and is chairman of the Buckingham Summer Festival.


Articles and symposium contributions

Ricketts, M. & Alan T. Peacock. International linkage models and the public sector. Public Finance 30.3 (1975), 289-312.

Ricketts, M. The economics of the rent allowance. Scottish Journal of Political Economy 23.3 (1976), 235-260.

Ricketts, M. & Michael G. Webb. Pricing and standards in the control of pollution. Scandinavian Journal of Economics 80.1 (1978), 53-61.

Ricketts, M. & Alan T. Peacock. The growth of the public sector and inflation. In F. Hirsch & J.H. Goldthorpe (eds), The political economy of inflation (London: Robertson, 1978), 117-136.

Ricketts, M. Housing policy: towards a public choice perspective. Journal of Public Policy 1.4 (1981), 501-22.

Ricketts, M. Tax theory and tax policy. In: A.T. Peacock & F. Forte (eds), The political economy of taxation (Oxford: Blackwell, 1981), 29-46.

Ricketts, M. & Alan T. Peacock. The structure of public finances of the United Kingdom. In Fritz Neumark (ed.), Handbuch der Finanzwissenschaft: Third Revised and Enlarged Edition (Tübingen: Mohr Siebeck, 1981/2).

Ricketts, M. A model of the furnished rented housing market under regulation. Scottish Journal of Political Economy 29.1 (Feb. 1982), 1-21.

Ricketts, M. A politico-financial model of local authority rents and rate fund contributions in the U.K. Public Choice 39.3 (1982), 399-414.

Ricketts, M. Local authority housing investment and finance: A test of the theory of regulation. Manchester School 51.1 (1983), 45-62.

Ricketts, M. On the simple macroeconomics of tax evasion. Public Finance 39.3 (1984), 420-424.

Ricketts, M. The subsidy as a purely normative concept. Journal of Public Policy 5.3 (1985), 401-411.

Ricketts, M. The geometry of principal and agent: Yet another use for the Edgeworth Box. Scottish Journal of Political Economy 33.3 (1986), 228-248.

Ricketts, M. & A.T. Peacock. Bargaining and the regulatory system. International Review of Law and Economics 6.1 (Autumn 1986), 3-16.

Ricketts, M. Why do corporations distribute assets?: A comment on a paper by Lewis De Alessi and Raymond P.H. Fishe. Journal of Institutional and Theoretical Economics 143.1 (1987), 52-57.

Ricketts, M. Rent seeking, entrepreneurship, subjectivism, and property rights. Journal of Institutional and Theoretical Economics 143.3 (1987), 457-466.

Ricketts, M. Rent-seeking, entrepreneurship, subjectivism and property rights: A reply. Journal of Institutional and Theoretical Economics 144.5 (1988), 894-895.

Ricketts, M. & A.T. Peacock. Economic analysis of problems of government selective aid. In M. Neumann & K.W. Roskamp (eds), Public finance and performance of enterprises (Proceedings of the 43rd congress of the IIPF, Wayne State University Press, 1989), 197-210.

Ricketts, M. The economic analysis of institutions. Critical Review 4.1&2 (1990), 266-283.

Ricketts, M. Mobility barriers and public policy. The Cato Journal 10.1 (1990), 211-221.

Ricketts, M. & Edward Shoesmith. British economic opinion: Positive science or normative judgement? American Economic Review 82.2 (1992), 210-215.

Ricketts, M. Kirzner’s theory of entrepreneurship – a critique. In S. Boehm & B. Caldwell (eds), Austrian Economics: Tensions and New Directions (Boston / Dordrecht / London: Kluwer, 1992), 67-84.

Ricketts, M., A. Bowen & A. Buxton. The economics of innovation: Setting the scene. In A. Bowen & M. Ricketts (eds), Stimulating Innovation in Industry (London: Cogan Page, 1992), 33-57.

Ricketts, M. Environmental regulation in the United States and the European Community: an economist’s perspective. Forum for US EC Legal-Economic Affairs, Issues in Restraint of Excessive Central Power (1993), 41-63.

Ricketts, M. & Martha Prevezer. Corporate governance: the UK compared with Germany and Japan. In N. Dimsdale & M. Prevezer (eds), Capital Markets and Corporate Governance (Oxford: Clarendon Press, 1994), 237-256.

Ricketts, M. Economic performance and profitability. In T. Buxton, T., P. Chapman & P. Temple (eds), Britain’s Economic Performance (London & New York: Routledge, 1994), 176-190.

Ricketts, M. The theory of economic organisation: Treasure chest or empty box? Paper presented to the International Conference on ‘Theories of Organisation and Public Intervention’, Panarea (Messina), 21-23 September 1992, in G. Sobbrio (ed.), Modelli Organizzativi e Intervento Pubblico (Milan: Giuffrè, 1995), 35-60.

Ricketts, M. Bargaining with regulators. In P. Newman (ed.), The New Palgrave Dictionary of Economics and the Law (London: Macmillan, 1998), 149-153.

Ricketts, M. & R. Mudambi. Economic organisation and the multinational firm. In R. Mudambi & M. Ricketts (eds), The Organisation of the Firm: International Business Perspectives (Routledge Studies in Business Organisation and Networks, 1998), 1-18.

Ricketts, M. Competitive processes and the evolution of governance structures. Journal des Économistes et des Études Humaines 10.2&3 (2000), 235-252.

Ricketts, M. Housing policy and public choice. In K. Alec Chrystal & Rupert Pennant-Rea (eds), Public Choice Analysis of Economic Policy (London, Macmillan Press, 2000), 171-196.

Ricketts, M. The institutions of capitalism: perspectives on corporate governance. In R. Mudambi, P. Navarra & G. Sobbrio (eds), Economic Welfare, International Business and Global Institutional Change (Cheltenham: Locke Institute & Edward Elgar Publishing, 2003), 219-241.

Ricketts, M. The role of the state in making a market economy: Comment on a paper by Victor Nee. Journal of Institutional and Theoretical Economics , 2000, 156 (1), 95-98.


Ricketts, M. Trust and economic organisation. Economic Affairs , 2001, 21 (1), 18-22.

Ricketts, M. Alternative explanations for changes in ownership structures. Journal of Institutional and Theoretical Economics 2003, 159 (4), 688-697.

Ricketts, M. Economic analysis and inter-jurisdictional competition. Economic Affairs 2004, 24 (1), 28-33.

Ricketts, M. Further lessons from privatisation, Economic Affairs 2004, 24 (3), 9-14.

Books, monographs, and research reports

Ricketts, M. & M.G. Webb. The economics of energy . Macmillan, 1980.

Ricketts, M., A.T. Peacock, G.K. Shaw et al. Structural economic policies in West Germany and the United Kingdom . Anglo-German Foundation for the Study of Industrial Society, 1980.

Ricketts, M. & A.T. Peacock. Too many town hall staff ? London: Federation of Civil Engineering Contractors, 1982.

Ricketts, M., A.T. Peacock and J.R. Robinson, eds . The regulation game: How British and West German companies bargain with government. Oxford: Basil Blackwell, 1984.

Ricketts, M. Lets into leases: The political economy of rent deregulation centre for policy studies . Policy Study No. 81, November, 1986.

Ricketts, M. The economics of business enterprise: New approaches to the firm . Brighton: Wheatsheaf Books, 1987.

Ricketts, M, ed . Neo-classical microeconomics. Schools of Thought in Economics 3, Edward Elgar,1988.

Ricketts, M. & E. Shoesmith. British economic opinion: A survey of a thousand economists . Research Monograph 45, Institute of Economic Affairs, London, 1990.

Ricketts, M. & A.T. Peacock. Government and industry . A Distance Learning Study Programme, Heriot-Watt Business School MBA Series, Pitman Press, 1991.

Ricketts, M. & Alex Bowen, eds . Stimulating innovation in industry. National Economic Development Office Policy Issues Series, Cogan Page, London, 1992.

Ricketts, M. T he economics of business enterprise: an introduction to economic organisation and the theory of the firm . 2nd ed. New York: Harvester Wheatsheaf, 1994. 3rd ed. Cheltenham: Edward Elgar, 2002.

Ricketts, M. & A.T. Peacock. Government, industry and privatization . 2nd ed. Edinburgh Business School, The Graduate School of Business, Heriot-Watt University, 1995.

Ricketts, M. & Ram Mudambi, eds. The organisation of the firm: international business perspectives. Routledge Studies in Business Organisation and Networks, 1997.

Ricketts, M. The many ways of governance: Perspectives on the control of the firm. Research Report No.31, Social Affairs Unit, London, 1999.


Ricketts, M. The political economy of rented housing in the UK . DPhil Thesis, University of York, 1980.

Ricketts, M. Sunk costs and economies of scale: a clarification . September 1990, Buckingham Discussion Paper in Economics No.60/1990.

Ricketts, M. Corporate governance and capital markets in the two capitalisms . 1995, Wincott Discussion Paper 04/95, University of Buckingham.

Ricketts, M. The failure of regulation: a commentary on North . 1997, Institute of Economic Affairs.

Ricketts, M. The simple macroeconomics of tax evasion revisited: a review and clarification . 1999, Wincott Discussion Paper No. 02/99.

Ricketts, M. Tax evasion and tax revenue loss: a comment on the Bhattacharyya Model. 1999. Available on request.

Comments, invited papers, and other publications

Ricketts, M. Adam Smith and the economics of bureaucracy. In: The Economics of Politics I.E.A. Readings No. 18 , 1978, 172-182.

Ricketts, M. Comment on a paper by Mr. John Burton in trade unions, public goods or public bads?, I.E.A. Readings No. 17, 1978.

Ricketts, M. Housing and Hidden Subsidies. Journal of Economic Affairs, 1981, 1 (4), 239-241.

Ricketts, M. Blacking coal. Public Money , 1981, 1 (2), 10.

Ricketts, M. Rent control and the private rented sector. The Economic Review , 1985, 2 (3), 33-38.

Ricketts, M. Supply side economics and budgetary policy, Economic Affairs, 1986, 6 (6), 22-24.

Ricketts, M. The politics of housing unmasked. Economic Affairs , 1986, 7 (1), 40-43.

Ricketts, M. Radical reform, not piecemeal progress, a contribution to a symposium on funding education. Economic Affairs , 1987, 7 (4), 41.

Ricketts, M. Public policy and the private rented sector of the housing market. Property Management , 1987, 5 (2), 108-113.

Ricketts, M. The new institutional economics and the structure of the firm. Economic Affairs , 1989, 9 (4), 23-26.

Ricketts, M. Property market rigidities and the north-south divide. Economic Affairs , 1990, 10 (4), 12-18. Paper initially presented at the Institute of Economic Affairs Conference on the North South Divide, May 20th 1987.

Ricketts, M., W. Eltis & D. Fraser. The lessons for Britain from the superior economic performance of Germany and Japan. National Westminster Bank Quarterly Review , Feb. 1992, 2-22.

Ricketts, M. Profits and economic performance. Britain and Overseas , 1993, 23 (2), 15-22.

Ricketts, M. Verdict on a White Paper. Parliamentary Brief, June / July 1994, 2 (9), 18-19.

Ricketts, M. Public choice issues in social regulation. Economic Affairs , June 1994, 14 (4), 12-17.

Ricketts, M. Housing without the state. Economic Affairs , October 1994, 14 (5), 22-23.

Ricketts, M. R.H. Coase. In: International Encyclopaedia of Business and Management Vol.1. Thomson Business Press, 1996, 625-630.

Ricketts, M. Housing without the State. In: Seldon, A., ed. Re-Privatising Welfare: After The Lost Century. IEA Readings 45, Institute of Economic Affairs, 1996, 39-49.

Ricketts, M. Market theory, competition and the stakeholder society. Stakeholding and its Critics, Choice in Welfare, 1997, No.36, 56-69. Institute of Economic Affairs.

Ricketts, M. “Privatisation and Regulation” Chapter 6 of Open University Course (D319) Understanding Economic Behaviour: Firms, Households and Markets – Firms , Open University, 1998, 175-210.



Ricketts, M. Coase, Ronald (1910-). In: Warner, M., ed. The Handbook of Management Thinking . International Thompson Business Press, 1998, 134-139.

Foreword to Blundell, J. and C. Robinson. Regulation without the State . Occasional Paper 109, Institute of Economic Affairs, 1999, 5-8.



Ricketts, M. John Jewkes. In: D. Rutherford et al. (eds), Biographical Dictionary of British Economists (Bristol: Thoemmes Continuum, 2004), 600-7.

Ricketts, M. Property rights, incentives and privatisation. In: J. Clarke & S. Roy (eds), Margaret Thatcher’s Revolution (London: Continuum, 2005).

Ricketts, M. Theories of entrepreneurship: historical development and critical assessment. In: M. Casson et al. (eds), The Oxford handbook of entrepreneurship (Oxford: Oxford University Press, 2006), 33-58.

Ricketts, M. Economic regulation: principles, history and methods. In: M. Crew & D. Parker (eds), International Handbook on Economic Regulation (Cheltenham: Edward Elgar, 2006), 34-62.

Ricketts, M. & G. Wood. “Prohibitions and economics: an overview”, in J. Meadowcroft (ed.), Prohibitions (London: IEA, 2008), 37-53.

Ricketts, M. “Introduction” and “Are we still on the road to serfdom?”, in M. James (ed.), Classical liberalism in the 21st century: Essays in honour of Norman Barry (Buckingham: University of Buckingham Press, 2010), 1-4, 5-18.

Ricketts, M. “The governance of financial transactions”, in S. Kates (ed.), Macroeconomic theory and its failings (Cheltenham: Edward Elgar Publishing, 2010), 207-220.
Read more about this article in our Publications Finder (22 March 2010)

Book reviews and other short pieces

Ricketts, M. Gardiner C. Means. The Independent, 23 Feb 1988. (An obituary).

Ricketts, M. Principles of Group Solidarity by Michael Hechter. Journal of Economic Literature, June 1989, 27 (2), 601-603.

Ricketts, M. How important is the discovery element? a review of Discovery, Capitalism and Distributive Justice by Israel Kirzner . Journal des Economistes et des Etudes Humaines, 1990, 1 (2),179-182.

Ricketts, M. Tax Evasion and the Black Economy by David. J. Pyle. The Manchester School , March 1990, 53 (1), 97-8.

Ricketts, M. Europe’s early money markets, a review of Larry Neal The Rise of Financial Capitalism. The Times Literary Supplement, April 12 1991, 25.

Ricketts, M. The Economics of Special Privilege and Rent Seeking by Gordon Tullock. Journal of Institutional and Theoretical Economics , Sept 1991, 147 (3), 591-2.

Ricketts, M. The Excluded Americans – Homelessness and Housing Policies by William Tucker, Regnery Gateway, Washington D.C. Policy, Spring 1992, 8 (3), 42-3, Centre for Independent Studies, St Leonards NSW, Australia.

Ricketts, M. Aesthetics and Economics by Gianfranco Mossetto. Journal of Cultural Economics, 1994 , 18 (2), 163-4.

Ricketts, M. Eulogy to an Economic Subversive, a review of Ronald H. Coase by Stephen Medema. The Times Higher Education Supplement , May 26th 1995, No.1177.

Ricketts, M. Incentives – Motivation and the Economics of Information by Donald E. Campbell. Zeitschrift fur Nationalokonomie, 1997, 65 (2), 230-2.

Ricketts, M. Cultural Economics: The Arts, the Heritage and the Media Industries, Volumes I and II, Edited by Towse, R. The Economic Journal , September 1998, 108 (450), 1584-6.

Ricketts, M. Capitalism: a treatise on economics by Reisman, G. Jameson Books. The Economic Journal , November 1998, 108 (451), 1892-3.

Ricketts, M. In honour of Arthur Seldon. Economic Affairs, 1999, 19 (3), 39.

Ricketts, M. Public. In: Dictionary of Dangerous Words . London: Social Affairs Unit, 2000.

Selected Publications

<< back to the directory