In 1996, he completed his Ph.D in Economics and Politics at Wolfston College, University of Cambridge. He then moved to Germany and lived in Berlin before taking up university appointment at Witten/Herdecke and Erfurt. Peacock moved to York in 2006 and became associated with the Business & Society undergraduate programme and the Social and Political Thought graduate programme. Recently He has contributed to the revival and development of the “Chartalist” theory of money and is regularly published in various economic journals including the Cambridge Journal of Economics, Journal of Institutional Economics, and the Journal of Economic Issues.