Ideas and Institutions – A Growth Story Speech by Andrew G Haldane, Chief Economist Bank of England, University of Oxford

Thursday, 14 June 2018

Bank of England
Andrew G Haldane, Chief Economist, Bank of England

The story of growth is a story with two “i”s – ideas and institutions. The Fourth Industrial Revolution will expand the range of ideas, perhaps more than any of its predecessors. It may also expand the range of workers who suffer its side-effects, perhaps more so than any of its predecessors. In the past, new institutions have emerged to cushion this painful transition, limiting the recessionary hit to societies. Historically, doing so appears to have held the key to sustainable growth.

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