Productivity Puzzles

Wrapping Up 2024: Is there a productive growth path forward?

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Episode notes

2024 has been quite a year. A new government, big plans, but a growth and productivity revival isn’t visible yet. These things take time. Is the UK still on track for a reset of policy to boost growth and productivity? Or is there something fundamentally wrong with how we're thinking about these subjects?

Host Professor Bart van Ark is joined by:

• Diane Coyle, Bennett Professor of Public Policy, University of Cambridge & Director at The Productivity Institute.
• Richard Jones, Vice-President for Innovation and Regional Economic Development and Professor of Materials Physics and Innovation Policy, University of Manchester, and Policy Fellow at The Productivity Institute.

For more information on the topic:

• Diane Coyle and Ayantola Alayande. Productivity and Industrial Policy by Design: The UK Experience, International Productivity Monitor, No. 47, Fall 2024.
• Richard Jones. Taking Anglofuturism Seriously, Soft Machines, 2024.
• Diane Coyle, Economic Progress and Adam Smith’s Dilemma. National Institute Economic Review, vol. 265, 2023, pp. 5-11.
• The Productivity Institute’s Response to the Industrial Strategy Green Paper, November 2024.
• Ayantola Alayande and Diane Coyle (2023) Investment in the UK: Longer Term Trends, Working Paper No. 040, The Productivity Institute.
• Dietrich Vollrath. Fully Grown: Why a Stagnant Economy Is a Sign of Success. University of Chicago Press, 2020.
• Charles Goodhart and Manoj Pradhan. The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival. Palgrave Macmillan, 2020.
• Daron Acemoglu and Simon Johnson. Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. PublicAffairs, 2023. 
• Diane Coyle. Cogs and Monsters: What Economics Is, and What It Should Be. Princeton University Press, 2021.
• Diane Coyle, The Measure of Progress: Counting What Really Matters, Princeton University Press, forthcoming, Spring 2025.

About Productivity Puzzles:

Productivity Puzzles is brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It is funded by the Economic and Social Research Council.