G.R. Steele is Reader in Economics at Lancaster University. His research interests include the economics and political philosophy of Friedrich Hayek, and he has pursued a general inquiry into the development of ideas relating to problems of a money economy.

In 2007, he delivered the F. A. Hayek Memorial Lecture, Austrian Scholars Conference, Mises Institute. In 2010 he was Visiting Professor at the University of Economics, Prague, when he delivered the Frantisek Cuhel Memorial Lecture, Conference on Political Economy, at the Cevro Institute.