41. Growth Stories: the 'Knowledge Economy' and alternative economic narratives for a future government
- Author:
- Nick O'Donovan and Vicky Pryce
- Publication Date:
- 03-2023
- Content Type:
- Video
- Institution:
- Mile End Institute, Queen Mary University of London
- Abstract:
- Since the early 1990s, successive UK governments have emphasised social investment in education and research, coupled with pro-market reforms, to foster high-productivity 'knowledge work' in industries such as computing and life sciences. At this seminar at the Mile End Institute, held on Tuesday 23 March 2023, Dr Nick O'Donovan (Head of the Future Economies Centre at Manchester Metropolitan University) explored how the 'Knowledge Economy' became received wisdom in economic policy circles. After presenting his recent book, Pursuing the Knowledge Economy, Nick discussed how it endured multiple crises and a decade-long slump with Vicky Pryce (former Head of the Government Economic Service) and Lord Wood of Anfield (Special Adviser to Gordon Brown). They concluded by discussing whether today's political leaders are willing to break free of the Knowledge Economy narrative and what alternative 'growth stories' they might tell in its place after the next general election.
- Topic:
- Government, Reform, Economic Growth, and Knowledge Economy
- Political Geography:
- United Kingdom and North America