The politics of economic growth are complex and contested as never before. In rich countries, rates of GDP growth have declined, decade after decade since the 1960s. The 2008 crash was deep, and the post-crisis recovery has been slow. This poses problems for governments, given that their ‘performance legitimacy’ requires some degree of popular approval of their perceived success in charting a growth path that satisfies the citizenry’s demand for goods and services. Where growth is low and governments choose to respond with austerity programmes, these bring additional misery and hardship — including tens of thousands of premature deaths in Britain alone.

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