New paper on the economy posted
We need a new model of economic development.
There is a striking consensus about the nature of the economic development that is needed in the UK. The main political parties, business, the unions and most economic commentators share two basic assumptions.
- That economic growth must continue, year on year.
- That success depends on being competitive in the global economy.
I am going to dispute those assumptions and then suggest some different ways of thinking about economic development.