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GCR CV (Abbreviated)

Professor of Economics and Founder/Director, Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), School of Economics & Finance, University of St. Andrews. Visiting Professor in Accounting & Finance, Strathclyde University Business School. Member, Competition Appeal Tribunal (CAT).


M.A. (Economic Science) First Class Honours, Stephen Scholar, Aberdeen  University, 1969.

M.Sc. (Economic Theory and Econometrics) Southampton University, 1971.

Ph.D. Edinburgh University, 1975.

His M.Sc. dissertation was a simulation model of the stock market.

His Ph.D. thesis was on theories of industrial price leadership.

D.B.A.(Hon.) University of Abertay for research in business economics, 2011.

D.Litt. University of Aberdeen, for reseach on small business enterprise, 2012.

He is the author of ten books:-

  • The Kinked Demand Curve Analysis of Oligopoly  (1981), Edinburgh University Press
  • Theories of Industrial Organization (1987), Basil Blackwell.
  • The Small Entrepreneurial Firm (with L R  Jacobsen) (1988), Aberdeen University Press.
  • Classical Economic Growth (1989), Basil Blackwell.
  • Small Business Enterprise (1993), Routledge.
  • Profiles in Small Business (with L R  Jacobsen and M E  Anderson) (1993), Routledge.
  • Venture Capital Investment (1998), Routledge.
  • Information System Development in the Small Firm (with F. Mitchell and J.A. Smith) (2000), CIMA Publishing
  • The Foundations of Small Business Enterprise (2007), Routledge
  • Risk Appraisal and Venture Capital in High Technology New Ventures (with J A Smith) (2008), Routledge

He has held visiting professorships at Queen’s University, Canada,  Denver University, Colorado and the University of Nice, and has been a Visiting Scholar at Darwin College, Cambridge University.  Before coming to St. Andrews University, he was Lecturer, Senior Lecturer and then Reader in Economics at Edinburgh University (1971-1991). He has held Leverhulme Trust and Nuffield Foundation Research Fellowships. He is a Founding Fellow of the Institute of Contemporary Scotland, a Fellow of the Royal Society for Arts, Manufactures and Commerce, and a Research Fellow of EIM (Business and Management) Rotterdam. He has been external examiner at the Universities of Cambridge, Durham, and Cork.  He was Chair, ESRC Network of Industrial Economists (1997-2001); President of the Scottish Economic Society (1999-02); Chair, Research Forum, Scottish Institute for Enterprise (2002-3); President of the National Conference of University Professors (NCUP) (2002-6);  President of the Institute of Contemporary Scotland (ICS) (2005-6); Chair, ESRC SAFE research network (2006-08); and is Advisor, Centre for Business Research, Judge Business School, Cambridge University (2009 – ); and Member of the Competition Appeal Tribunal (2011 – ).

He has been awarded research grants by the Scottish Economic Society, Centre for Financial Markets Research, David Hume Institute, Enterprise Ireland, Nuffield Foundation, Leverhulme Trust, Carnegie Trust, Esmée-Fairbairn Trust, CIMA Research Foundation, British Academy, ScotEconNet, ESRC.

He is a seasoned lecturer at all university levels. He has taught graduate applied econometrics at Queen’s (Ontario) and Denver Universities, graduate microeconomic theory at Denver and Edinburgh Universities, and graduate industrial organisation at Cambridge, Edinburgh, St Andrews and Glasgow Universities.  He currently teaches graduate courses in strategy, corporate governance and risk, entrepreneurship and small business planning.

He has published over seventy articles in the leading academic journals, on industrial economics, venture capital, small business, entrepreneurship, patenting, intellectual property, information systems, economic thought, and economic growth, including: the Economic Journal, Economica, Manchester School, Oxford Economic Papers, Journal of Industrial Economics, International Journal of Industrial Organization, Small Business Economics, Scottish Journal of Political Economy, European Journal of Finance, Entrepreneurship Theory and Practice, Managerial and Decision Economics, Accounting and Business Research, Management Accounting Research, Accounting  Auditing and Accountability Journal, Journal of Private Equity, Review of Industrial Organization, Critical Perspectives on Accounting.

Industrial and Commercial Contacts

Most of his work has involved deep fieldwork, establishing extensive contacts outside academia, especially in the business and financial communities.  These contacts arise from work on small firms, entrepreneurship, venture capital, accounting information systems, patenting, R&D, intellectual property, privatisation, and take-overs and mergers (e.g. Rowntree Inquiry into Corporate Takeovers in the UK).  He has acted as consultant to the alcoholic beverages industry (e.g. Portman Group), the small business lobby (e.g. Federation of Small Business), professional bodies (e.g. CIMA), and retail complexes (e.g. Capitol Centre).



Fax: 00 44 (0) 1334 462444

Personal web site:

Personal Phone:  00 44 (0) 1334 462431

CRIEFF web site: