Chasing Progress | CUSP Newsletter April 2018
Fifty years after Bobby Kennedy’s speech highlighting the limitations of the GDP as a measure of progress, it’s appropriate in this issue to highlight our new working paper outlining a different way of measuring economic welfare – based on ideas from the theory of change literature. A second recent working paper confronts the thorny question of inequality in the face of declining growth rates and explores the potential for (and limits of) redistributive policy options such as the basic income...
The People’s Projects | Feral Spaces Project shortlisted for Public Voting
The arts and learning project ‘Feral Spaces’ by CUSP Fellow Laurel Gallagher is shortlisted for public voting. The voting is open from 16-30 April. If successful, the Feral Spaces group will provide art activities for young people, using disused local spaces and recycled materials, to promote appreciation of the local environment.
Filling the finance gap for early stage green innovations | Blog by Fergus Lyon
The green economy of the future will be shaped by the innovative enterprises emerging today. But picking the winners of tomorrow is notoriously difficult. Small entrepreneurial businesses wanting to contribute to the transition to a low carbon and sustainable economy may have the desire to scale up, but without the trading track record or the assets for collateral, they may be turned down by banks and other investors.
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.
The Politics of Enclaves: Launch of Economic Science Fictions | London, 2 May 2018
Economic Science Fictions is a new volume of essays exploring the overlap between the economic imagination and science fiction, in economics, fiction, design fiction and utopian (and dystopian) political economy. To celebrate the publication of the book, this event will explore the politics of enclaves from the perspective of urban design and science fiction, so as to cast different light on the anxieties and hopes of the present.