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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.
London was crucially dependent on continental Europe for its economic resilience in the mid-sixteenth century, and Sir Thomas Gresham’s fortune piggy-backed off the special relationship with Antwerp.
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.
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