What Is Political Economy?

The industrial revolution began in Britain and became one of the most extraordinary economic miracles in human history but the next two centuries have seen many booms and busts and have been more to do with improvisation than planning. But, how should we think about Britain's economy, how did we get to where we are today and is Britain an overachiever or underachiever economically? 

To help answer these questions and drill down into details of our economic history Dan is joined by Duncan Weldon. Duncan is economics correspondent of the Economist and has recently published his new book Two Hundred Years of Muddling Through: The surprising story of Britain's economy from boom to bust and back again.

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