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.
‘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.
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 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.
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.
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.
In Defence of Degrowth — A Comment by Simon Mair
The concept of 'degrowth' is politically infeasible, according to a recent article by Branko Milanović. In this blog, Simon Mair argues that ‘degrowth’ is no less unrealistic than the alternatives.
Why do we still worship at the altar of economic growth? | Blog by Donald Hirsch
Forty years ago, Fred Hirsch pointed to a crucial flaw in the emphasis on growth as a central objective in western economies. His seminal book made the case that in addition to ecological limits, there are important social constraints at play. In this blog, his son Prof Donald Hirsch is arguing that these limitations became ever more relevant today.
This new world—Reframing the distribution of rewards | Huffington Post Blog by Tim Jackson
Remember trickle-down theory? It’s the rose-tinted notion that economic growth is the only way to bring poor people out of poverty and reduce the inequality that divides society and undermines political solidarity. It’s not working and our choices are clear: Either we endure the rising instability and fractured politics of a deeply unequal world, or we build a new vision of a shared prosperity.
A fair days wage for a fair days work? | Blog by Simon Mair
The people who make our clothes are paid very low wages. We instinctively feel that this is unfair, but it can be hard to articulate why this is. Even harder, is saying what can be done about it. Summarising his recent journal article with Tim Jackson and Angela Druckman, Simon Mair uses the living wage as a basis for claims about fairness, and discuss regional collective bargaining as a solution to unfair wages.
Broken promises—the engine of consumerism | Blog by Tim Jackson
Does consumerism thrive on our discontentment? Tim Jackson argues yes, the success of consumer society lies not in meeting our needs but in its spectacular ability to repeatedly disappoint us. This may seem dark, but from here we can understand why consumerism must eventually fall – and how to replace it.
Navigating social and commercial objectives in social enterprise | CUSP at ESRC Festival of Social Science
Social enterprises have to find ways of having a big social impact on people and the planet while also running a good business. How is this done, and how do you get over the tension between commercial and social objectives? In this ESRC Festival of Social Science workshop, we draw on our research to give those attending the tools to understand the tensions they face, and how they can find a way to navigate through this.
Financial institutions and the fiduciary duty | A roundtable for businesses
The need for the investment industry to help produce a sustainable economy and a cohesive society is well understood and much discussed. There have been some successes, but as yet these are exceptions that prove the rule: our environmental and social problems remain as acute as ever. Is a more radical approach needed?
At the interface | Prof Fergus Lyon presenting CUSP research at #AOM2017
A growing number of businesses is interested in contributing to positive social and environmental change, yet face challenges in how they can assess their impacts meaningfully. This issue will be explored at the 77th Meeting of the Academy of Management in Atlanta, USA, with Fergus Lyon sharing CUSP research.