Foundational economy : the infrastructure of everyday life / Foundational Economy Collective

Includes bibliographical references (pages 165-176)

foreword / by Colin Crouch -- Introduction: foundational matters -- (Re)discovering the foundational -- Wrecking the foundational -- The constitution of the foundational -- Renewing the foundational -- Measuring and shaping the economy: afterword / by Andy Haldane

Privatisation, market choice, outsourcing: these are the watchwords that have shaped policy in numerous democratic states in the last generation. The end result is the degradation of the foundational economy. The foundational economy encompasses the material infrastructure at the foundation of civilised life - things like water pipes and sewers - and the providential services like education, health care and care for the old which are at the base of any civilised life. This book shows how these services were built up in the century between 1880 and 1980 so that they were collectively paid for, collectively delivered and collectively consumed. This system of provision has been undermined in the age of privatisation and outsourcing. The book describes the principles that should guide renewal of the foundational economy and the initiatives which could begin to put these principles into practice. --