The Energy-Emissions Trap | Journal Paper by Martin Sers and Peter Victor
The requirement to reduce emissions to avoid potentially dangerous climate change implies a dilemma for societies heavily dependent on fossil fuels. As renewable capacity requires energy to construct there is an initial fossil fuel cost to creating new renewable capacity. An insufficiently rapid transition to renewables, it turns out, will imply a scenario in which it is impossible to avoid either transgressing emissions ceilings or facing energy shortages.
A Theory of Change Approach for Measuring Economic Welfare Beyond GDP | Working Paper No 10
It is widely acknowledged that GDP is not a suitable measure of economic welfare. In this paper, Simon Mair, Christine Corlet Walker and Angela Druckman propose a novel framework for indicator development: the ‘Theory of Change’ approach — a causal model approach in which the relationships between system inputs, activities, outputs and outcomes of the economy are explicitly articulated, and can be used to identify theoretically sound indicators for economic welfare.
Economic Science Fictions | Edited by Will Davies
From the libertarian economics of Ayn Rand to Aldous Huxley’s consumerist dystopias, economics and science fiction have often orbited each other. In Economic Science Fictions, CUSP co-investigator Will Davies has deliberately merged the two worlds, asking how we might harness the power of the utopian imagination to revitalise economic thinking.
Everyday Culture and the Good Life | Working Paper No 9
The purpose of this paper is to prepare the ground for a strand of work in CUSP which aims to look at the role of culture in everyday life, and in doing so to understand how it might operate as an element of sustainable prosperity. The paper considers the basis on which we might start to think about new legitimations for cultural policy and a fuller understanding of its potential for living well with less.
Sustainable Prosperity and Democracy—A Research Agenda | Working Paper No 8
As environmental crises become ever more severe, calls for authoritarian solutions are reappearing: Democracy, so the argument goes, has proven to be too slow to respond to urgent threats. In this paper, Marit Hammond and Graham Smith respond to this charge by revisiting the role of democracy within a transition to sustainable prosperity.
Moments of Change—Opportunities for moving to more sustainable consumption? | Working Paper No 7
The idea that lifecourse transitions might offer ‘moments of change’ in which to encourage more sustainable consumption is popular, yet insights from the sociological literature on lifecourse transitions have rarely been brought to bear on this assumption. This paper focuses on two distinct lifecourse transitions - becoming a mother and retirement – and through qualitative longitudinal research evaluates the assumption that such periods provide opportunities for movement to more sustainable consumption.
Life beyond Capital | Essay by John O’Neill
The language of capital penetrates social and environmental policy discussions at local, national and international level. Yet its appeal, John O’Neill argues, is premised on a fundamental misunderstanding of prosperity. The treatment of nature as capital is not a solution to the problems of environmental loss. Rather, it is part of the problem.
What makes for a good life in Stoke-On-Trent? | A Workshop Report
This report presents a summary of a workshop we held in Stoke-on-Trent in May of this year. The emphasis in the workshop was to encourage discussions around identifying existing assets within the city, and to consider what would make Stoke-on-Trent a better place to live.
Prosperity without Growth – Foundations for the Economy of Tomorrow | By Tim Jackson
The publication of Prosperity without Growth was a landmark in the sustainability debate. This substantially revised and re-written edition updates its arguments and considerably expands upon them. Tim Jackson demonstrates that building a ‘post-growth’ economy is not Utopia - it's a precise, definable and meaningful task. It’s about taking simple steps towards an economics fit for purpose.
National Infrastructure Assessment | Evidence Submission
In October 2016, the National Infrastructure Commission has launched a 15 week call for evidence to provide input into the development of its National Infrastructure Assessment. The Centre for the Understanding of Sustainable Prosperity responded.
Settling Down and Marking Time | Essay by Roger Scruton
Can we create communities that are both prosperous and sustainable? And can we do this while retaining democratic procedures? These are huge questions and, like others who have addressed them, Roger Scruton is by no means convinced that he has a persuasive answer. But an answer is more likely to be found, he argues, "in the legacy of conservative thinking, than by adopting the standpoint of the top-down plan."
A New Professional Ethics for Sustainable Prosperity | Essay by Melissa Lane
Whose job is it to save the planet? Apart from a very few people the task is not in anyone’s job description. Yet, to achieve sustainable prosperity, we can’t afford to hide behind the permissions attached to our professional roles as they now stand, argues Melissa Lane in the first essay of our CUSP essay series on the morality of sustainable prosperity.
On the use of instability indicators in exploring inter-decadal GDP variability | Working Paper No 4
This paper explores the use of instability indicators developed in statistical physics to analyse the stability of the GDP within national longitudinal datasets. From our early results it is suggested that they may provide invaluable insights into the inter-decadal dynamics of the macro-economy, providing potentially useful insights into (e.g.) the nature of the business cycle, secular stagnation and the restoring forces of the economy.
SDG’s in the UK inquiry | Evidence Submission
In July 2016, the House of Commons Environmental Audit Committee has launched an inquiry into domestic implementation of the UN Sustainable Development Goals (SDGs) to which the Centre for the Understanding of Sustainable Prosperity responded.
Beyond Consumer Capitalism – Foundations for a Sustainable Prosperity | Working Paper No 2
This paper explores the ramifications of the combined crises now faced by the prevailing growth-based model of economics. In paying a particular attention to the nature of enterprise, the quality of work, the structure of investment and the role of money, the paper develops the conceptual basis for social innovation in each of these areas, and provides empirical examples of such innovations.