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Dr Daniele Tori

Profile summary

Professional biography

Daniele is Lecturer in Finance at The Open University Business School since July 2016. Before joining the OU, Daniele taught at the University of Greenwich and the University of Pavia (Italy).

Daniele has a BSc in Political Sciences and an MSc in Economics and Finance from the University of Pavia (Italy). In 2017, he obtained his PhD in Economics from the University of Greenwich (UK).

He has been a co-investigator for the project titled “An investment and equality-led sustainable growth programme for Europe” funded by FEPS (January-February 2016) and for the project titled “Financialization and Investment in Developed and Developing countries” funded by UNCTAD (March- June 2016).

Daniele is part of the History and Political Economy of Business and Finance research cluster, and part of the steering groups of the Innovation, Knowledge and Development (IKD) and the Open University Research Concordat.

Research interests

Daniele's current research mainly focuses on the macroeconomic processes of financialization, financial innovation, and financial history. His research has been published in the Cambridge Journal of EconomicsSocio-economic ReviewJournal of Post Keynesian EconomicsMacroeconomic Dynamics, the Journal of Economic History, and the Journal of Evolutionary Economics among others. 

Teaching interests

Current teaching 

  • Research Methods for Finance 
  • Derivatives and Risk Management 
  • Financial Management 

Impact and engagement

Daniele acted as a reviewer for more than 20 academic journals.

Daniele's research findings have been used to support evidence for the House of Lords Economic Affairs Committee's inquiry on the effects of Quantitative Easing.

External collaborations

Daniele is a member of the Editorial Board of Moneta e Credito. He is also a member of the committee of the Post Keynesian Economics Society (2018-present), a member of the Open Political Economy Group (2016-present), and Alumni of the Greenwich Political Economy Research Centre.

Daniele has an established network of collaborators in Universities in the UK and Italy. 


Fund management in the interwar period: UK investment trust portfolio asset allocation in the 1920s (2023-05)
Sotiropoulos, Dimitris; Rutterford, Janette; Tori, Daniele and Kyparissis, Antonis
European Review of Economic History, 27, Article heac019(2) (pp. 250-277)

Financial production and the subprime mortgage crisis (2023)
Tori, Daniele; Caverzasi, Eugenio and Gallegati, Mauro
Journal of Evolutionary Economics, 33 (pp. 573-603)

U.K. investment trust valuation and investor behavior, 1880-1929 (2022-12)
Sotiropoulos, Dimitris; Rutterford, Janette and Tori, Daniele
The Journal of Economic History, 82(4) (pp. 1031-1069)

Financialisation and firm-level investment in developing and emerging economies (2022-07)
Tori, Daniele and Onaran, Ozlem
Cambridge Journal of Economics, 46(4) (pp. 891-919)

[Book Review] Democratizing the Economics Debate. Pluralism and Research Evaluation (2022)
Tori, Daniele
Review of Political Economy, 34(4) (pp. 807-810)

Guerra e moneta: come il conflitto in Ucraina cambierà il sistema monetario internazionale / War and money: how the war in Ukraine will change the international monetary system (2022)
Esposito, Lorenzo and Tori, Daniele
Moneta e Credito, 75(298) (pp. 163-183)

Financialisation, financial development, and investment: evidence from European non-financial corporations (2020-07)
Tori, Daniele and Onaran, Ozlem
Socio-Economic Review, 18(3) (pp. 681-718)

The macroeconomics of Shadow Banking (2020-01)
Botta, Alberto; Caverzasi, Eugenio and Tori, Daniele
Macroeconomic Dynamics, 24(1) (pp. 161-190)

The effects of financialization on investment: evidence from firm-level data for the UK (2018-08-18)
Tori, Daniele and Onaran, Ozlem
Cambridge Journal of Economics, 42(5) (pp. 1393-1416)

Book review: Louis-Philippe Rochon and Sergio Rossi (eds), An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 432 pp (2018-01-01)
Tori, Daniele
Review of Keynesian Economics, 6(1) (pp. 152-156)

The theoretical and empirical fragilities of the expansionary austerity theory (2018)
Botta, Alberto and Tori, Daniele
Journal of Post Keynesian Economics, 41(3) (pp. 364-398)

Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking: Loving or Dangerous Hugs? (2015)
Botta, Alberto; Caverzasi, Eugenio and Tori, Daniele
International Journal of Political Economy, 44(3) (pp. 196-227)

Capital in Crisis: Tadeusz Kowalik on the birth and development of capitalism (2023)
Tori, Daniele
In: Toporowski, Jan ed. Polish Marxism after Luxemburg. Research in Political Economy (pp. 203-216)
ISBN : 9781801178914 | Publisher : Emerald Publishing Limited

A “Black Mirror: Bandersnatch” inspired activity (2023-10-12)
Halari, Anwar and Tori, Daniele
Accounting Café

The Financial Innovation Hypothesis: Schumpeter, Minsky and the sub-prime mortgage crisis (2018-11)
Caverzasi, Eugenio and Tori, Daniele
Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

Financialisation and physical investment: a global race to the bottom in accumulation? (2017-07)
Tori, Daniele and Onaran, Özlem
PKSG working paper series

Productivity puzzle? Financialization, inequality, investment in the UK (2017-02-08)
Onaran, Özlem and Tori, Daniele
University of Greenwich, London.

A critique to the expansionary austerity (part III): empirical counter facts beyond theoretical weaknesses (2017-02)
Botta, Alberto and Tori, Daniele
University of Greenwich

An Investment and Equality-Led Sustainable Development Strategy for Europe (2017-01-27)
Onaran, Özlem; Andersen, Lars; Cozzi, Giovanni; Dahl, Signe; Nissen, Thea; Obst, Thomas and Tori, Daniele
University of Greenwich, London.

The effects of financialisation and financial development on investment: Evidence from firm-level data in Europe (2017)
Tori, Daniele and Onaran, Özlem
Greenwich Political Economy Research Centre (GPERC)

The macroeconomics of shadow banking (2016-06)
Botta, Alberto; Caverzasi, Eugenio and Tori, Daniele
Greenwich Papers in Politcal Economy, University of Greeenwich.

The effects of financialization on investment: evidence from firm-level data for the UK (2015-11)
Tori, Daniele and Onaran, Őzlem
Greenwich Papers in Political Economy, University of Greenwich.