Economy 130 posts

Prosperity isn’t just about earning more and having more, it consists in our ability to participate meaningfully in the life of society. A vital element that has gone missing for ordinary people over recent decades. We must question the fundamental structures behind our economies before they will work for everyone.

Sustainability—Paradigms, Models, Scenarios and Practices | Call for Papers
CUSP co-investigator Prof Peter Victor has joined the Scientific Committee for an upcoming symposium on: ‘Paradigms, Models, Scenarios and Practices for more Sustainability‘ (4–6 Dec 2019, Clermont-Ferrand, France). The international conference has set out to critically examine the notions of sustainability and sustainable development. Abstracts are invited in English or French.
All grown up—making ourselves at home in a world beyond growth | Blog by Katherine Trebeck and Jeremy Williams
The last century has seen unprecedented economic and social progress for many people in many parts in the world. In light of climate change, and social and economic instability, the challenge is now to make ourselves at home with this wealth, to ensure, in the interests of equality, that everyone is included.
Growing and Grown-up Economies: The Economics of Arrival | Book launch, London 13 May 2019
In their book 'The Economics of Arrival: ideas for a grown up economy', Dr Katherine Trebeck and Jeremy Williams suggest that growth leads to a point of ‘arrival’, where the work of growth is done and its continued pursuit brings mounting harm. New priorities emerge—a shift from acquiring more to making ourselves at home with what we already have. Join the authors for a short presentation, followed by a discussion on the legitimacy of growth with Tim Jackson and Irene Guijt.
Solidarity, Antagonistic Economies and Social Enterprises: Spaces for New Initiatives | Seminar, London 20 Mar 2019
Jointly hosted with the Alternative Organisations and Transformative Practices Research Cluster, this seminar brings together two cutting edge thinkers on the link between sustainability transformation and alternative forms of economic organisation, Prof Peter North and Prof Maria Daskalaki.
Vacancy | Research Fellow Social and Sustainable Business
CUSP and Middlesex University seek to appoint a researcher to carry out research on alternative business and investment for wellbeing and sustainability. Closing date for applications is 28 March 2019.
Beyond the choke hold of growth: post-growth or radical degrowth?—Tim Jackson in conversation with Giorgos Kallis
The 2018 Post-Growth conference at the European Parliament marked a milestone in the history of the post-growth debate. In this interview, Riccardo Mastini discusses the possibilities and challenges for imagining a world beyond growth with two key post-growth thinkers—Tim Jackson and Giorgos Kallis. 
Risk and Uncertainty in the Anthropocene | Call for Abstracts
This conference aims to explore from a multidisciplinary perspective the role of risk and uncertainty in the Anthropocene. It invites papers that explore the specific logics, strategies, forms of knowledge and technologies that different actors are, or should be, using to approach risk and uncertainty.
Creative Economy: Critical Perspectives | Workshop, Glasgow—1 Mar 2019
Though the creative economy remains a powerful idea in policy circles, concerns about inequality, worker exploitation and the promotion of over-consumption have begun to grow. This one-day workshop looks at some of these concerns, but also at the potential for arts and culture to help us think through these issues and re-frame a more sustainable and human creative economy.
Circular economy must remain a priority for Europe beyond the 2019 elections | Blog by Nick Molho
The Circular Economy Package and Plastics Strategy have set a high-level framework to improve the resource efficiency of the European economy. But to be effective, this framework must remain a policy priority for the next European Commission and Parliament, argues Nick Molho.
The Burning Question | BBC World Service Debate w Tim Jackson and Michael Liebreich
In Autumn 2018, CUSP Director Tim Jackson responded to an essay by Michael Liebreich, sparking a month-long debate on social media. BBC Business Daily brought Tim and Michael together to discuss the 'burning question' face-to-face: Is eternal economic growth feasible (and desirable) on a finite planet?
System Error | Documentary w Tim Jackson investigating the paradigm of ‘economic growth’
Why are we so obsessed with economic growth, knowing that it has devastating effects on our finite planet (and ultimately us)? SYSTEM ERROR looks for answers to this principal contradiction of our time and considers global capitalism from the perspective of those who run it.
Managing Without Growth—Slower by Design, Not Disaster (2nd edition) | By Peter Victor
Revised second edition of Peter Victor's influential book. Human economies are overwhelming the regenerative capacity of the planet, this book explains why long-term economic growth is infeasible, and why, especially in advanced economies, it is also undesirable. Simulations developed with Tim Jackson, show that managing without growth is a better alternative.
Higher Wages for Sustainable Development? | Journal Paper by Simon Mair, Angela Druckman and Tim Jackson
In this paper, Simon Mair, Angela Druckman and Tim Jackson explore how paying a living wage in global supply chains might affect employment and carbon emissions: Sustainable Development Goals 8 and 13.
Investment for a sustainable and inclusive economy—Proposed changes to UK law | Report
Delivering an effective investment industry has been largely delegated by politicians to regulatory bodies, on the assumption that the measures needed have little relevance to wider social and economic issues. Charles Seaford argues that this assumption is false, and that politicians could usefully consider what may have been seen as purely technocratic issues.
The Paradox of Social Impact Measurement | Seminar w Pablo Munoz, London 27 Feb 2019
Regardless of the established limitations of rendering social phenomenon reliably knowable through measurement, the institutional excitement surrounding social impact is considered to rest upon the capacity to measure and assess its progress. To better understand how social impact can be reliably known, Pablo Munoz and his colleagues study how actors in a pre-rationalized industry understand social impact, and deal with the arrival of measures for social impact.
Could energetic constraints be slowing economic growth? | Seminar w Paul Brockway, Guildford, 7 Feb 2019
Access to cheap and widely available fossil fuels powered global economic growth for over 250 years. However, the last decade has seen a slowdown in the global economy – and people (governments, economists) are looking for answers. Labour productivity is seen as a prime candidate. But are we looking in the wrong place?
Circularity Thinking | Book chapter by Fenna Blomsma and Geraldine Brennan
How does one determine which of the many strategies associated with circular economy are appropriate to pursue? In this chapter Fenna Blomsma and Geraldine Brennan apply systems thinking to outline four steps that aid in identifying where and why waste is being generated in the current system, and what the available circular strategies are.
LowGrow SFC: An ecological macroeconomic simulation model by Tim Jackson and Peter Victor
System dynamics model by Tim Jackson and Peter Victor, developing low carbon and sustainable prosperity scenarios for the Canadian economy out to 2067. The scenarios are not predictions of what will happen, but an exploration of possibilities. Interested readers can explore the implications for themselves in the online beta version of the model.
Escaping the iron cage of consumerism | Blog by Tim Jackson
Our systematic failure to address existential anxiety robs society of meaning and blinds us to the suffering of others; to persistent poverty; to the extinction of species; to the health of global ecosystems. With this think piece, Tim Jackson adds to an eclectic set of essays, published in honour of Wolfgang Sachs.
COP24: climate protesters must get radical and challenge economic growth | Blog by Christine Corlet Walker
With so much attention focused on what agreements come out of COP24, protesters should be seizing the initiative to attack the root causes of climate change, CUSP PhD researcher Christine Corlet-Walker finds. (This blog first appeared on The Conversation, 30 Nov 2018).
The subprime financial crisis—10 years after: Was Hyman Minsky a post-Keynesian economist? | Lecture by Marc Lavoie, London 11 Dec 2018
As the subprime financial crisis erupted in 2008, Wall Street analysts started talking of the Minsky Moment. Widely ignored by mainstream economists until then, Minsky's financial instability hypothesis became enormously popular. In his CUSP lecture, Marc Lavoie will outline the main features of this work and discusses whether Minsky was part of the a post-Keynesian school of thought, or not.
Energy and Economic Growth: Why we need a new pathway to prosperity | Seminar w Tim Foxon, Guildford, 6 Dec 2018
Prof Tim Foxon will present insights for a transition to a sustainable low carbon energy future that can be drawn from a study of the role of energy technologies in historical waves of industrial change, published in his recent book Energy and Economic Growth (2017).
Post-growth thinking as a resource for a European union of sustainability | Working Paper No 15
The European Union is struggling. One-sided fixation on growth, competitiveness, deregulation and export-orientation have led Europe into deep crisis. The need for climate change mitigation, environmental protection and tackling inequality now present ever bigger challenges to the EU. Starting from a historical perspective, this CUSP paper argues, that post-growth concepts have an enormous potential to re-constitute Europe.
Creative Economy, Critical Perspectives | Cultural Trends Special Issue edited by Kate Oakley and Jon Ward
CUSP researchers Kate Oakley and Jonathan Ward are guest editors of a special edition of Cultural Trends. In exploring how the idea of the creative economy persists since the 1980s, papers engage with the topic on a social, political, economic and/or organisational level.
How the light gets in—The science behind growth scepticism | Blog by Tim Jackson
The Entropy Law still matters. CUSP director Tim Jackson responds to Michael Liebreich’s essay on the ‘The secret of eternal growth’.
A government is not a household | Blog by Frank van Lerven and Andrew Jackson
Claims of ending austerity ring hollow, Frank van Lerven and Andrew Jackson write, until we do away the ‘household fallacy’, and realise that public spending can be deployed as a potent weapon against many of the challenges we face today. (This blog first appeared on the NEF website).
Heat, Greed and Human Need | Seminar with Ian Gough, Guildford 1 Nov 2018
Prof Ian Gough is Visiting Professor at the Centre for the Analysis of Social Exclusion and an Associate at the Grantham Research Institute on Climate Change and the Environment. Ian’s latest book, and the focus for this CUSP/CES seminar, is Heat, Greed and Human Need. It offers a powerful analysis of the connections between climate change, economic growth and social policy.
Beyond Redistribution—Confronting inequality in an era of low growth | An Economy That Works, Briefing Paper No 2
The second in our series of briefing papers on building An Economy That Works explores inequality in the UK. It examines the evidence for rising inequality over the last fifty years, estimates the economic welfare lost to society from an unequal distribution of incomes and addresses the critical question of managing inequality in the context of declining growth rates.
Which financial architecture can protect environmental commons? | Article by Nick Molho and Tim Jackson
The discourse around ‘natural capital’ potentially offers a way to integrate decisions about the commons effectively into economic decisions. Investing in the commons is key to protecting the flow of services provided to society by natural capital. Recent exploration of the potential for investing in natural infrastructure has highlighted numerous mechanisms, which could help turn this proposition into a reality.
The Post-growth Challenge: Secular Stagnation, Inequality and the Limits to Growth | Journal Paper by Tim Jackson
Sluggish recovery in the wake of the financial crisis has revived discussion of a ‘secular stagnation’. These conditions have been blamed for rising inequality and political instability. Tim Jackson contests this view, pointing instead to a steadfast refusal to address the ‘post-growth challenge’. (An earlier draft of the article was published as CUSP Working Paper No 12.)
Global Strategic Trends | MOD taking note of the Post-Growth Challenge
On 15 October, the UK Ministry of Defence’s think tank, the Development Concepts and Doctrine Centre, published it’s sixth Global Strategic Trends report. 'The Future Starts Today' draws on a range of analysis across academia, business, government departments and nations from across the globe, including commissioned research by CUSP Director Tim Jackson.
The Dilemma of Growth | Panel debate w CUSP Director Tim Jackson and Deutsche Bank Chief Economist David Folkerts-Landau
As part of the 2018 ZEIT Wirtschaftsforum, CUSP Director Tim Jackson and Deutsche Bank Chief Economist David Folkerts-Landau were invited for a debate on the dilemma of growth, the relevance of GDP growth for wellbeing, and the political feasibility of a postgrowth agenda.
Nature of Prosperity Dialogue: An Economy That Works for All | London 24 Oct 2018
We’re delighted to be joined in Westminster by Kerry Kennedy, US human rights lawyer and daughter of RFK, Clive Lewis MP, Shadow Treasury Minister, Miatta Fahnbulleh, Chief Executive of the New Economics Foundation, Michael Jacobs, Director of the IPPR Commission on Economic Justice, and Rowan Williams, former Archbishop of Canterbury.
Making transformation tangible: We all need to work together | Blog by Katherine Trebeck
Our approach to economics and development needs fundamental transformation. A new global initiative is making connections between the diverse institutions and movements working on that task. Facilitating collaboration and knowledge exchange, the key aims of the new alliance are "to amplify and connect, to build and to promote the building of a wellbeing economy".
Rethinking Economic Policy in the EU | 2018 Post-Growth Conference w Tim Jackson, Brussels 18-20 Sept 2018
Scientists, politicians, and policymakers gathering in Brussels for landmark conference: Hosted at the EU parliament, the multi-stakeholder event is exploring visions and solutions for a post-growth economy in Europe.
Advancing SE Research | CUSP at Social Enterprise World Forum 2018
The Social Enterprise World Forum 2018 is an international event for social enterprises from all over the world to come together, share wisdom, build networks and explore how to create a more sustainable future. In its 10th year, this gathering of social entrepreneurs, community activities, support providers, policy makers and academics will be exploring ideas of alternative enterprise from around the world.
Can the financial system work for the economy, people & the planet? | Lecture by Nick Silver
The current financial system developed to serve capitalism 1.0, a world of mass employment based on producing physical goods. This world is ceasing to exist – this talk will discuss the trends that are causing the change, and how finance needs to change to serve the economy of the future.
Sustainable value and trade-offs — Delivering sustainability in supply networks | Journal Paper by Geraldine Brennan and Mike Tennant
Conceptualising firms from a business ecosystem, value-, or supply- network perspective captures the boundary-spanning nature of value creation. To explore the relationship dynamics that enable or inhibit sustainable value creation, we present a comparative case study of how situational logics and power relations are embedded in business models within a UK brewer and its malt supply chain.
CUSP shortlisted for 2018 ICAEW/A4S Finance For The Future Award
The finalists for Finance for the Future Awards 2018 have been announced by the founding organisations, ICAEW and A4S, and their partner Deloitte. CUSP was shortlisted in the Driving Change Through Education, Training and Academia award, which recognises the contribution of individuals, organisations or partnerships in driving action towards integrating sustainability through education, training and academia. Now in its seventh year, the awards ceremony will take place on 16 October 2018.
Getting sustainable values into a sustainable business | London, 8 Nov 2018
How do small businesses, micro businesses and those who are self employed put their sustainability values into practice while growing their business? The event, as part of this year's ESRC Festival of Social Sciences is held at the Impact Hub Islington, and will build on a collaboration between CUSP and the ESRC IAA project 'Growing Greener: Creating a New Values-based Environmental Engagement Toolkit for SME Intermediaries'.