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...
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.
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.
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.
Economic Theory for the Anthropocene—Towards Heterodox Understandings of Sustainable Economies
CUSP and the Institute of Advanced Studies at the University of Surrey are pleased to announce a call for contributions to a free, one and a half day workshop for researchers to share and discuss their early stage work in heterodox economics. We are inviting contributions that explore heterodox theories of the economy and how they could help us transition to sustainable societies.
Towards the New Normal | Report Launch, 12 March 2018
Increasing private investment in green infrastructure is a crucial way of meeting the UK’s strategic and environmental policy objectives cost-effectively, whilst securing more jobs, and other economic targets. This report by Aldersgate Group and CUSP provides an overview of the challenges and opportunities in the UK’s green finance market and suggests key recommendations for government, businesses and investors.
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.
Nature On The Page — Wildlines @ The Leeds Library w Kate Oakley, 15 Mar 2018
On 15 March 2018, CUSP researcher Kate Oakley will be joining an expert panel of writers and naturalists to explore the process of putting our experience of the natural world down on paper. Who gets to write about nature, and why? Is there a place for politics in nature writing? Does the north have the nature-writing it deserves? And why does nature writing matter?
Green Finance | Alex White giving evidence to EAC, 16 January 2018
On 16 January 2018, CUSP research fellow Alex White gave evidence to the Environmental Audit Committee on their green finance inquiry. Based on our research with the Aldersgate Group, Alex White argued for the need to create an attractive low carbon investment environment in the UK if we are to see the real benefits of a growing green finance industry.
Finance in the Anthropocene | Blog by Nick Taylor
Risk is our society’s dominant way of governing the future in order to tame uncertainty. This is the case not only for financial crises but also for our responses to global environmental crises. The dominant risk management approach focusses on the prospect of financial devaluation and instability induced by climate change. But the kinds of calculation that are ultimately most pressing relate to how we might consider the financial system as an ecological regime itself.
Doughnut Economics | Lecture by Kate Raworth, 7 Feb 2018
Humanity’s 21st century challenge is to meet the need of all within the means of the planet. Kate Raworth argues that last-century’s economic theories will in no way equip us for it. Instead, it’s time for some serious rethinking.
Prosperity Is…? | A Research Log by S Venn, K Burningham, K Skippon and T Jackson
What can prosperity possibly mean in a world of environmental and social limits? This question lies at the heart of CUSP’s five year research programme on sustainable prosperity. We wanted to know how ordinary people in different contexts might answer this question, so we set out to ask them. What we found was fascinating.