Theme: Political Economy | Content Type: Journal article

Free to read

Why the Everyday Economy is the Innovation Labour Needs

David Edgerton



| 1 min read

The foundational economy/everyday economy approach promises much for Labour. It is fitted for a world of crises, where control of real resources matters, and is in line with the social democratic tradition. It marks a radical break with the kind of approach which has characterised political economic policy since the 1980s (and indeed earlier). It represents an opportunity for Labour to articulate a fresh analysis, critique and policy offering. Rachel Reeves has deployed the everyday economy idea and this has found repeated expression in her speeches—and now those of Keir Starmer. And yet, the idea suggests a much more radical rethinking of policies than Labour is offering: it casts doubt on the wisdom of aiming for more growth to be achieved by unleashing start-ups, science and technology and innovation. That represents a return to conventional opinion while the foundational/everyday approach suggests a new way forward.

Read the full article on Wiley

Need help using Wiley? Click here for help using Wiley

  • Edgerton.png

    David Edgerton

    David Edgerton is Hans Rausing Professor of the History of Science and Technology and Professor of Modern British History, Department of History, King’s College London.

    Articles by David Edgerton
Volume 94, Issue 3

Latest Journal

Volume 94, Issue 3

Includes a commentary by Colin Crouch on the dark heart of today's Conservative party, an article by Stewart Lansley tracing the history of ‘crowding out’, and its use as a justification for austerity and state deflation; and Tim Vlandas and Kate Alexander-Shaw debating the political economy of age. In our reports and surveys section, Deborah Mabbett asks where next for curbing London's emissions? The issue also includes a selection of book reviews such as Andrew Gamble on The Culture of Accountability: A Democratic Virtue by Gianfranco Pasquino and Riccardo Pelizzo, and Leila Simona Talani on Europe's Coming of Age by Loukas Tsoukalis.

Find out more about the latest issue of the journal