GP 33: Economics to Reflect Modern Life: with Leading Economist Bridget Rosewell CBE

Discover how traditional economics is being reshaped to meet the complexities of modern life with the pioneering insights of Bridget Rosewell CBE. Bridget shares her journey from the classrooms of Oxford University to leading infrastructure projects like Crossrail, where she champions a more human-centered approach to economic modelling. Her insights reveal the transformative potential of integrating human behaviour and social factors into economic frameworks, providing fresh perspectives on infrastructure planning and societal growth.As we navigate the pressing issue of housing affordability, we unravel the intricate dynamics of land costs, planning constraints, and strategic development. By exploring models like the Oxford-Cambridge arc and the potential of Compulsory Purchase Orders, we uncover pathways to sustainable housing growth that prioritize both supply and rental sector enhancements. Our conversation also delves into the multifaceted nature of the rental market, advocating for diverse rental options and long-term tenancies to effectively tackle the housing crisis.In our exploration of post-COVID economic trends and generational shifts, we examine how changing work expectations are reshaping societies. Bridget offers insights into the evolving definitions of work-life balance among Gen Z and millennials, and how these shifts are influencing productivity and public services. Additionally, our discussion on infrastructure investment highlights the promising yet risky ventures in carbon capture storage and sustainable aviation fuel, emphasizing the crucial role of government funding in pioneering these forward-looking sectors. Join us as we uncover the motivations that drive careers in economics and infrastructure, where problem-solving and persuasion play pivotal roles in shaping the future.