The Foundational Economy and Citizenship

Abstract

The Foundational Economy encompasses those goods and services, together with the economic and social relationships that underpin them, that provide the everyday infrastructure of civilized life. Policies that promote commodification, privatization and financialisation have incorporated many of these goods and services within market logics, with profound and damaging impacts on the daily lives of citizens. This edited collection extends theoretical and empirical work on the Foundational Economy to explore its relevance to the civil sphere and to civil repair. Our aim is to advance foundational thinking in three key areas. First, we set out detailed evidence on the impact of growth based and financialised solutions on local democracy, citizenship and civil society and explore alternative approaches to citizenship and social justice that are rooted in the Foundational Economy. Second, we provide, for the first time, important comparative perspectives on the development of foundational thinking. And third we document detailed and critical case studies in core areas of economic and social life. Addressing a range of substantive areas of concern, individual chapters use case studies at different national and regional levels to illustrate the arguments being developed. This unique collection demonstrates that there is clear evidence that The Foundational Economy is already influencing policy making at devolved nation and city region scales and is having international reach. In contrast to exclusively ‘bottom-up’ approaches however, we maintain that a Foundational Economy approach requires us to address the key institutions of our societies and the role of public action in those institutions.