Skip to main content
Regional secretary with the National Education Union
A book of pedestrian economic and political prescriptions
BRIGHTON BEACH: Occasional 'culturally required' purchases, such as a holiday [G-Man/CC]

Foundational Economy: The infrastructure of everyday life
by The Collective Foundational Economy  
Manchester University Press £11.99


THE opening chapters of this book reminded me of president John F Kennedy’s trenchant and moving attack on the idea that a country’s progress can be judged by GDP figures. The Gross Domestic Product, he said “measures everything... except that which makes life worthwhile.”

Many proposals to re-focus economy theory and policy away from national income accounting have been published. In this case the focus is the “foundations” of an economy – consisting of zones “producing daily essential goods and services which are critical to citizens flourishing.”

There are three main areas: the “material” Foundational Economy (FE) consists of those pipes and networks “which continuously connect households to everyday life including water, electricity, food, transport and telecoms.”

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
In this photo provided by the Ukrainian Emergency Services o
Features / 14 March 2025
14 March 2025
For Britain, direct military aid is just the tip of the iceberg compared to the spiralling energy crisis that has fueled inflation, driven millions into fuel poverty and inflated corporate profits, reveals HELEN MERCER
FAUSTIAN PACT: AFL-CIO President George Meany, left, and US
Book Review / 20 December 2024
20 December 2024
HELEN MERCER welcomes an account of how US labour leadership collaborated with the state and betrayed their membership
LONG-AWAITED DAY: Royal Marine commandos moving off the Norm
Features / 7 June 2024
7 June 2024
A look at the writing of war correspondent James Aldridge 40 years ago reminds us of the eastern perspective when a second front was finally opened on D-Day, 1944, says HELEN MERCER
WHAT'S CHANGED? (L to R) Alexis Hunter, The Marxist Wife Sti
Exhibition Review / 24 January 2024
24 January 2024
HELEN MERCER casts an experienced eye over an ambitious exhibition that nevertheless contains painful gaps
Similar stories
NHS workers on the picket line outside St Thomas' Hospital,
Features / 26 April 2025
26 April 2025

When privatisation is already so deeply embedded in the NHS, we can’t just blindly argue for ‘more funding’ to solve its problems, explain ESTHER GILES, NICO CSERGO, BRIAN GIBBONS and RATHI GUHADASAN

The global average in 2021 was 50,000 kilocalories per head,
Culture / 13 April 2025
13 April 2025
MARTIN GRAHAM recommends a book that makes a critique of neoclassical economics and attempts to envision a sustainable global future
Rachel Reeves and her Treasury team prepare to leave 11 Down
Features / 22 February 2025
22 February 2025
In his first of a new monthly economics column MICHAEL BURKE argues that public-sector investment is more effective, more productive than private-sector investment
Prime Minister Sir Keir Starmer and Chancellor of the Excheq
Books / 27 September 2024
27 September 2024
Where is the political programme for a plausible project of renewing Britain through public investment, asks WILL PODMORE