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In this final lecture we will consider whether we can plot a more successful future than our recent history might suggest and what that implies for our economic and political institutions.
Productivity growth in the UK economy has lagged behind that of our major trading partners. We will examine a number of possible explanations ranging from the role of finance to the employment of physical and human capital.
In the long run, in an Internet society, it is claimed, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others, to work as they did in the 20th century. - Is this true?
The lecture will look at the industrial river Thames and consider the changing needs of shipping with the transition from sail to steam and the impact on London as a port.