Penny is a post-doctoral researcher at the Institute of New Economic Thinking and the School of Geography and the Environment and is currently working on the Oxford Martin School Programme on the Post-Carbon Transition. She is also leading a project on 'Practical Wisdom in a Complex World' at the Bennett Institute of Public Policy at the University of Cambridge.
Penny’s PhD at Oxford was on quantitative approaches for analysing productive capabilities. She applied these methods to provide insights into long-run development, the division of labour and the transition to the green economy. Her broader research interests include economic complexity, technological evolution, transformational change, network science and agent-based modelling. Previously, Penny worked as an economist in Australia, where she predominantly focused on issues relating to energy, resources and climate change.