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Michael Mainelli
Michael Mainelli is Chairman of Z/Yen,〔http://www.zyen.com/who-we-are/people.html?id=67〕 a commercial think-tank, which he co-founded in 1994. He is Emeritus Gresham Professor of Commerce at Gresham College in London,〔(【引用サイトリンク】title=Gresham College – Professor Michael Mainelli )〕 an Alderman of the City of London (Broad Street (ward)), and founder of the Long Finance initiative.
==Gresham College Lecture Series==
Professor Mainelli delivered and published a series of 28 free one-hour lectures on commerce at Gresham College in the City of London while serving as Mercers School Memorial Professor of Commerce from 2005 to 2009. The theme of his programme was “Society’s Commercial Choice – Risks and Rewards of Markets”. The lectures emphasised the proper functioning of markets in realising societal goals, and the obligation on society to try to use market forces wherever suitable, as opposed to unnecessary regulation, hidden subsidy or inappropriate taxation. During the public lectures he presented research on valuing sustainable certification and corporate social responsibility using risk/reward options,〔(【引用サイトリンク】title=Take My Profits Please! Volatility Reduction And Ethics )〕 applying measurement ranges to audit (Confidence Accounting),〔(【引用サイトリンク】title=Reforming Auditing – Radical Change Or Incremental Action? )〕 developing standards markets,〔(【引用サイトリンク】title=Standards Markets: The Free Market Response To Regulation )〕 liquidity estimation through supply-demand curve prediction,〔(【引用サイトリンク】title=Liquidity: Finance In Motion Or Evaporation? )〕 and discerning the role of 'feedforward' in creating leptokurtic market outcomes.〔(【引用サイトリンク】title=Perceptions Rather The Rules: The (Mis)Behaviour of Markets )〕 During the series he made observations about sustainability,〔(【引用サイトリンク】title=Is The Party Over? Sustainable Hopes )〕 market solutions to social problems,〔(【引用サイトリンク】title=Save the World: A Commercial Break )〕 risk,〔(【引用サイトリンク】title=Does Society Risk My Life Through Safety? The Perils Of Too Much Risk Aversion )〕 the role of government,〔(【引用サイトリンク】title=Goldilocks Government And The Market: Not Too Little, Not Too Much, But Just Right )〕 the rising paradox of money as a positional good,〔(【引用サイトリンク】title=Fads And Fashions: If They Are So Bad, Why Are They So Rapidly Rich? )〕 taxation,〔(【引用サイトリンク】title=Corporation Tax Or Income Tax: Which Is The Greatest Con? )〕 long term discount rates,〔(【引用サイトリンク】title=Stealing The Silver: How We Take From The Dispossessed, The Poor And Our Own Children )〕 intellectual property managed as an option,〔(【引用サイトリンク】title=Enclosures Of The Mind: Governing The Intellectual Commons )〕 corruption,〔(【引用サイトリンク】title=What I Like About This Country Is That It Has A Nice Level Of Corruption! )〕 and lotteries as misery indicators.〔(【引用サイトリンク】title=Why Do People Play The Lottery? Make Up Your Mind )〕 The lecture series concluded by outlining a more general theory of commerce.〔(【引用サイトリンク】title=Commercial Philosophy: Science Or Religion? )〕 Professor Mainelli and the saxophonist John Harle interwove a collage from the lecture series with Benjamin Britten's music, "Metamorphoses: The Terrible Beauty of Change",〔(【引用サイトリンク】title=Metamorphoses: The Terrible Beauty of Change )〕 for the City of London Festival's June 2009 Sustain! programme.〔(【引用サイトリンク】title=Sustain! )〕
Michael continues to lecture and host symposia widely, including continuing lectures at Gresham College, where he has been introducing new concepts of money and the role of government.〔(【引用サイトリンク】title=Long Commerce: Transactions Across Time )〕〔(【引用サイトリンク】url=http://www.gresham.ac.uk/lectures-and-events/the-currency-of-management-what-managing-money-teaches-us-about-managing-people )〕〔(【引用サイトリンク】accessdate=21 November 2015 )〕
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