Adair Turner

Senior Fellow
Institute for New Economic Thinking

Adair Lord Turner has combined careers in business, public policy and academia. He became Chairman of the United Kingdom Financial Services Authority as the financial crisis broke in September 2008, and played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board’s major policy committee.  He is now a Senior Fellow of the Institute for New Economic Thinking, and at the Centre for Financial Studies in Frankfurt.  

Prior to 2008, Lord Turner was a non-executive Director at Standard Chartered Bank (2006-2008); Vice Chairman of Merrill Lynch Europe (2000-2006); and, from 1995-1999, Director General of the Confederation of British Industry. He was with McKinsey & Co. from 1982 to 1995.

Lord Turner became a cross-bench member of the House of Lords in 2005 and was appointed Chair of the Climate Change Committee in 2008, stepping down in 2012; he also chaired the Pensions Commission from 2003 to 2006, and the Low Pay Commission from 2002 to 2006.  

He is the author of 'Just Capital – The Liberal Economy' (Macmillan, 2001), and ‘Economics after the Crisis, (MIT Press, 2012), and holds Visiting Professorships at the London School of Economics and at Cass Business School, City University. He is a Trustee and Chair of the Audit Committee at the British Museum.

Lord Turner studied history and economics at Caius College, Cambridge.

My Additional Content

Editor's Note: Welcome to Crash Week! This week marks five years since the bankruptcy of Lehman Brothers and the financial crisis that followed. A lot has happened since then, but how much has changed? All week long we will be exploring this question from a variety of economic angles....

Originally appeared on

By Lucrezia Reichlin, Adair Turner, Michael Woodford, 20 May 2013

Speech given at the Conference @ King's, April 8th-11th, 2010.

My Video Content

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Institutions like INET and heterodox thinking can return economics to its fundamental goal of being a public good, says Adair Turner

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Lord Turner talks about how the financial policies of the last three decades led directly to the financial crisis

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Lord Turner challenges the idea that economists can accurately predict the future based solely on past data

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Lord Adair Turner talks about how important it is to develop new theories to guide financial regulations

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Lord Adair Turner describes what needs to happen for economics to move forward, and how institutions like INET can help