The Unbalanced Economy

In this book, Driver and Temple examine how the simple faith of economists and policymakers in free-markets and financialisation masqueraded as an economic theory justifying the neglect of investment in capital, skills and technology. The authors survey the damage caused to the macroeconomic climate from the market-era reliance on labour market flexibility and low inflation, and conclude that radical reforms are needed both at the level of the company, through changes in corporate governance, and at the level of industry, by giving institutional form to a system of social partnership for a fair and high performance economy.

CIARAN DRIVER is a professor of Economics and Head of the Doctoral Programme at DeFiMs, SOAS, University of London, UK. His research interests are capital investment and corporate governance. Recent publications include the Cambridge Journal of Economics, Oxford Economic Papers, JEBO, JBES, IJIO and the Journal of Macroeconomics. He has held visiting posts at the Australian National University, been attached to several global business schools and has advised UK and Irish public bodies on capital investment policies.


PAUL TEMPLE is a reader in Economics at the University of Surrey, UK, with research interests in the economics of innovation, investment, and international trade. He has edited various books including Britain's Economic Peformance and has published widely in economics journals including the Cambridge Journal of Economics, the International Journal of Industrial Organization and the Journal of Business and Economic Statistics. Previous appointments have been at the Centre for Business Strategy, and the National Economic Development Office (NEDO).