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In this paper I show inter alia that, by one barely known but official measure, imports of goods into the United Kingdom towards the end of the Second World War were more than twice the best‐known measure. The lower measure is that found in the historical British national accounts and in the Bank of England's A millennium of macroeconomic data. That invaluable compendium in fact has both these measures,...
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...
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