Thomas  Marmefelt Author of Evaluating Organization Development

Thomas Marmefelt

Associate Professor of Economics
University of Södertörn

Being economist and historian, my research deals with economic processes, using a broad social science perspective, focusing upon the role of institutions to well-functioning market processes. It includes innovation and growth, the significance of norms to innovative exchange, civil society and the formation of norms, the dynamics of ethics, religion, and economic performance, the financial system and the real economy, and the links between monetary arrangements and the market process.


I am Associate Professor of Economics at the University of Södertörn, Sweden, and Docent (Adjunct Professor) at Åbo Akademi University, Finland as well as author of two books: The History of Money and Monetary Arrangements: Insights from the Baltic and North Seas Region (with Routledge) and Bank-Industry Networks and Economic Evolution: An Institutional-Evolutionary Approach (with Ashgate). I am a member of a monetary expert panel supporting the European Parliament on economic and monetary issues. My research in monetary economics, combines theory and history, and addresses monetary arrangements as an evolutionary process, focusing upon functional separation of money.  At present, my research concerns alternative currencies - local, complementary currencies and cryptocurrencies - and macroeconomic stability.

I hold a doctorate in economics at Jönköping International Business School, Jönköping University, after graduate studies also at EHESS (Paris) and the University of Lund, a master’s in history with a diploma in international studies at Johns Hopkins University, in Baltimore and Bologna, respectively, as well as an undergraduate degree in the social sciences at the University of Gothenburg, after undergraduate studies also at Augsburg College, Minneapolis. Furthermore, I have been a Guest Lecturer at the Institute for Advanced Studies on Science, Technology, and Society in Graz, and as a graduate student I participated in the Young Scientists’ Summer Program at the International Institute for Applied Systems Analysis in Laxenburg (outside Vienna). Apart from my native Sweden, I have lived in France, the United States, Italy, and Austria.

Areas of Research / Professional Expertise

    Evolutionary, Austrian, and Institutional economic theory
    Monetary theory and monetary history
    Financial and monetary institutions, and the real economy
    Disequilibrium and complexity approaches to macroeconomics
    Dynamics of ethics and religion, and economic performance
    Emergence of norms, innovation, and market exchange
    Cultural and institutional foundations of innovation
    Innovation and growth

Personal Interests

    Reading good books
    History and politics
    Philosophy and religion
    Classical music and opera
    Playing the guitar
    Visiting museums
    Outdoors, gardening, being in nature



Featured Title
 Featured Title - The History of Money and Monetary Arrangements: Marmefelt - 1st Edition book cover