Why the Everyday Economy is the Innovation Labour needs

TY - GEN

T1 - Why the Everyday Economy is the Innovation Labour needs

AU - Edgerton, David

N1 - Publisher Copyright: © 2022 The Author. The Political Quarterly published by John Wiley & Sons Ltd on behalf of Political Quarterly Publishing Co (PQPC).

PY - 2022/10/1

Y1 - 2022/10/1

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=85143379236&partnerID=8YFLogxK

U2 - https://doi.org/10.1111/1467-923X.13203

DO - https://doi.org/10.1111/1467-923X.13203

M3 - Article

SN - 0032-3179

VL - 93

SP - 683

EP - 690

JO - POLITICAL QUARTERLY

JF - POLITICAL QUARTERLY

ER -