Labour Economics Thinking through Labour’s economic agenda

He is a Fellow of the British Academy and of the American Academy of Arts and Sciences; he is a Member of the Academia Europaea and an Honorary Fellow of Trinity College, Oxford. [...] He also works as a researcher at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School, and until recently served as the Senior Policy Advisor to the Mayor of South Yorkshire Henry Overman Henry Overman is Professor of Economic Geography in the department of Geography and Environment at the London School of Economics. [...] 27 years on, as the party stands on the brink of a return to power, it has a similar goal: the first and most prominent of its five missions for the UK is to “secure the highest sustained growth in the G7”.1 Back in the 1990s, there was a clear route to achieving growth – by “nurturing investment in industry, skills, infrastructure and new technologies”, and prioritising “educational and employmen. [...] For all the debates since the global financial crisis over the necessity of austerity or the imperative of Keynesian stimulus, the basic model of delegating control of the business cycle to the Bank of England with its existing inflation target is unlikely to be changed. [...] Then, it considers the paradox of the high quality of academic research in the top universities and the relative failure to translate it into commercial innovation – thus the need to integrate the top end of the academic system more closely into innovation outside the universities.