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. In her CUSP lecture, Kate Raworth is making a compelling plea for rethinking economic teaching, discussing the history and language of economics and the influence of Tim Jackson's work around 'Prosperity without Growth' on her own thinking.
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.
More value from less food? | Blog by Charles Seaford
Dematerialisation of the economy – more value from each unit of ‘stuff’ – is a well-established trend in developed countries. Can food retailers and their supply chains accelerate this trend, CUSP co-investogator Charles Seaford asks, or will government have to intervene?
Better disclosure, better returns | Blog by Alex White
The recently published climate risk recommendations by the Task Force on Climate-related Financial Disclosures (TCFD) have been met with high-level and cross-sectoral buy in. The UK government should take note, Alex White argues, and ensure to develop national reporting requirements in line with these best practices.
The social economy and sustainable prosperity | Blog by Ian Vickers
The social economy has many roles to play in tackling poverty, building inclusivity and promoting sustainability. Ian Vickers summarises recent findings that show its potential is not being fully realised in the UK, despite the opportunities provided by the devolution agenda in cities and other local areas.
Prosperity without Growth – Foundations for the Economy of Tomorrow | By Tim Jackson
The publication of Prosperity without Growth was a landmark in the sustainability debate. This substantially revised and re-written edition updates its arguments and considerably expands upon them. Tim Jackson demonstrates that building a ‘post-growth’ economy is not Utopia - it's a precise, definable and meaningful task. It’s about taking simple steps towards an economics fit for purpose.
Investing in the economy of tomorrow | Blog by Tim Jackson
Savings and investment represent a fundamentally prudential aspect of human behaviour. They embody a commitment to a shared future. In this blog, Tim Jackson looks at what tomorrow’s economy will be like and what role investment plays in it.
National Infrastructure Assessment | Evidence Submission
In October 2016, the National Infrastructure Commission has launched a 15 week call for evidence to provide input into the development of its National Infrastructure Assessment. The Centre for the Understanding of Sustainable Prosperity responded.
Commentary on The Struggle for Meaningful Work | by Simon Mair
For most of us—wherever we are in the world—work is a central component of our lives. Any Great Transition narrative wanting to connect with people has to address issues of work. How do we reorient the economy so that its values reflect our values rather than profit?