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.
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.
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.
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.
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.
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.
Not the City of Culture — Blog by Mark Ball
Early December 2017 Stoke-on-Trent was one of four cities not to win the title of UK City of Culture 2021. This may have been drowned out by the ongoing noise of European Capital of Culture uncertainty, but it was big news for Coventry who now follow Hull and Derry~Londonderry to hold the award. In this blog, Mark Ball is reflecting on not winning City of Culture.
Christmas, Consumerism and Confusion | Blog by Jonathan Rowson
Christmas is the season of shallow critique, Jonathan Rowson finds. We lament the commercialisation around us as if it were a seasonal problem, but lurking inside the wrapped presents, juicy puddings and roasted birds there are deeper questions about ethical drift and the social logic of our entire economic model.
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.
Sustainable Prosperity and Democracy—A Research Agenda | Working Paper No 8
As environmental crises become ever more severe, calls for authoritarian solutions are reappearing: Democracy, so the argument goes, has proven to be too slow to respond to urgent threats. In this paper, Marit Hammond and Graham Smith respond to this charge by revisiting the role of democracy within a transition to sustainable prosperity.
Meritocracy vs. Social Cohesion: A Review of The Acting Class (UK, 2017)—By Anthony Killick
The latest documentary from D O’Neill and M Wayne highlights the barriers faced by working class actors attempting to pursue cultural work. The film exposes the fraudulence behind some of the central tenets of neoliberal meritocracy, Anthony Killick finds, particularly the idea that arts and cultural jobs are equally accessible to all on a “level playing field”.
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.
Moments of Change—Opportunities for moving to more sustainable consumption? | Working Paper No 7
The idea that lifecourse transitions might offer ‘moments of change’ in which to encourage more sustainable consumption is popular, yet insights from the sociological literature on lifecourse transitions have rarely been brought to bear on this assumption. This paper focuses on two distinct lifecourse transitions - becoming a mother and retirement – and through qualitative longitudinal research evaluates the assumption that such periods provide opportunities for movement to more sustainable consumption.
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.
Life beyond Capital | Essay by John O’Neill
The language of capital penetrates social and environmental policy discussions at local, national and international level. Yet its appeal, John O’Neill argues, is premised on a fundamental misunderstanding of prosperity. The treatment of nature as capital is not a solution to the problems of environmental loss. Rather, it is part of the problem.
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.