Forging Economic Discovery in 21st Century Britain

Montgomerie, Johnna, ed. 2015. Forging Economic Discovery in 21st Century Britain. London: Political Economy Research Centre. [Edited Book]
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This eBook speaks to the groundswell of interest in wrestling ‘the economy’ away from the orthodox economics expertise that dominates elite policy circles that treats the economy as an abstract series of models of markets built on assumptions about individuals’ rational choice or inferences about individual behaviour preferences. This type of orthodox economic analysis is not about ‘the economy’ at all – it’s about testing the validity of causal claims. We combat this framework by offering new ways of understanding the deep-seated problems in the UK economy that manifest as entrenched stagnation and perpetual crises.

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