Enjoyable, meaningful lives without economic growth or jobs? | Guest blog by Alison Kidd
How will people live enjoyably and meaningfully in a world of less economic growth? Do the care, craft, culture and creative activities which CUSP is exploring offer a promising alternative prosperity? Behavioural psychologist Alison Kidd recently studied the activities of 325 UK people to find out what they found enjoyable and meaningful to see if she could get clues.
Social Darts | Blog by Mark Ball
Leisure doesn’t always make business sense, and success doesn’t mean turning a profit. Against the logic of expansion and abundance, Stoke has something major metropolitan cities do not, Mark Ball finds. His research looks at the connections between leisure, wellbeing and sense of place — and currently involves playing a lot of darts
Climate Justice as economic mobilization | Seminar w Stefan Jacobsen, London 21 June 2018
Drawing on a newly published book, this talk will give a brief outline of the economic ideas that have been central in the buildup of a global movement for Climate Justice (CJ) since the 1990s. Jacobsen argues that although campaigns against the dominance of carbon markets and for divestment strengthened the CJ movement in raw numbers, these approaches also marked a move away from earlier demands for radical equality as part of transitioning away from fossil fuels.
Against all odds? Modelling the low-carbon transition | Blog by Martin Sers
Can renewable energy supply grow rapidly enough to both, cover societies growing energy needs and displace fossil fuel use sufficiently to keep carbon emissions below some “safe” level? — the leading question of a recent CUSP paper in Ecological Economics. In this blog, Martin Sers is summarising the findings.
Making Connections | CUSP Newsletter May 2018
Our theme this month is making connections: taking our lead from Sue Venn’s blog on the relationship between the craft (the art of making) and sustainable prosperity. This month also features a blog from Will Davies summarising our collective work across CUSP on the role of utopian thinking. And two papers make economic connections. Martin Sers and Peter Victor’s paper on the energy emissions trap and my new CUSP working paper on the ‘post-growth challenge’.
CIRCONOMÌA | Circular Economy Festival w Tim Jackson and Kerry Kennedy, Milan/Pollenzo 24-25 May 2018
On 24 and 25 May 2018, Tim Jackson will be joining Kerry Kennedy, human rights lawyer and daughter of Robert Kennedy, for a series of dialogues on prosperity, inequality and human rights at the 3rd Circonomìa festival in Italy. Under the theme of "growth without prosperity, prosperity without growth", Tim and Kerry will be discussing the legacy of Robert Kennedy's historic speech at the University of Kansans on the failings of measurement and vision that, after 50 years, still haunt both economic policy and our everyday life.
Defining and promoting carbon literacy | Seminar w Rachel Howell, 28 June 2018
Given government policies and public discourse aiming to change everyday behaviour so as to reduce greenhouse gas emissions, individuals are increasingly encouraged to understand how their activities contribute to such emissions, and how they can reduce their personal carbon footprint. This seminar proposes a definition of 'carbon literacy' and compares this with other, related concepts.
‘Secular stagnation’ meets the ‘GDP fetish’ | Blog by Tim Jackson
Tim Jackson introduces his new CUSP working paper ‘The Post-Growth Challenge’, in which he discusses the state of advanced economies ten years after the crisis. Our attempts to prop up an ailing capitalism have increased inequality, hindered ecological innovation and undermined stability, he argues.
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.
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.
Anthropocene Dreams — Review of The Ends of The World | By Jana Bacevic
If the Anthropocene had an intellectual mixtape, The Ends of the World would be a worthy candidate, Jana Bacevic finds. The book presents perspectives on the end of the world beyond the Western-centric view, to include those for whom the world has already ended; providing valuable lessons.
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.
CUSP Newsletter | March 2018
This edition links to the videos from our Nature of Prosperity event on 16 Feb. You'll find our new green finance report, the culmination of our year long study with the Aldersgate Group, which sets out 30 clear policy recommendations to increase the rate of green finance in the UK. In July, we will be holding a workshop on Economics for the Anthropocene and are inviting papers. We’re also looking for people to take part in our study of work in the cultural sector.
Writing A Better Future | Guest Blog by Denise Baden
Most of us feel it: the future doesn't look too bright. Dark future visions such as the Black Mirror series feed into our anxieties; the global news and climate change discourse create further avoidance. What we need, Denise Baden argues, are positive visions that allow transformative solutions to be showcased and played out—a kind of product placement for sustainability.
Survey: Green investment & Decisions
As part of our System Dynamics work stream, CUSP researcher Sarah Hafner has set up an online survey for investment practitioners to help inform her work on modelling investment decision in a system dynamics framework.