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 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.
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.
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.
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.
Who should pay for climate change damage? | Blog by John Vogler and Marit Hammond
To deliver climate justice we must focus on vulnerable people not countries, Marit Hammond and John Vogler write in this blog. As hurricanes engulf numerous countries at once, climate change powerfully illustrates the need for creative thinking about a truly global cosmopolitanism in which the avoidance of human suffering comes before self-interest.
Stoke, the City of Culture? | Blog by Jonathan Ward
Stoke-On-Trent has set itself an ambitious task with its bid for UK City of Culture 2021. Should it be awarded the promising title then it will face a number of competing priorities and tensions, Jonathan Ward comments on the recent shortlisting, and the city should take it seriously.
What makes for a good life in Stoke-On-Trent? | A Workshop Report
This report presents a summary of a workshop we held in Stoke-on-Trent in May of this year. The emphasis in the workshop was to encourage discussions around identifying existing assets within the city, and to consider what would make Stoke-on-Trent a better place to live.
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.
Seeking a sustainable finance plan for the UK | Blog by Alex White
As part of its involvement in CUSP, the Aldersgate Group is launching a one-year project to understand how to increase private investment in green infrastructure. In her blog, project lead Alex White explains how we will be looking at the most material barriers and considering the solutions to incentivise greater investment in the projects that will underpin the UK’s upcoming policy packages.
Imagining a world beyond consumerism | Blog by Jonathan Rowson
Consumerism is deeply problematic, but despite its obvious limitations, harms and absurdities, it is remarkably difficult to displace as our default societal setting and plot. Consumerism has become our prevailing cultural and economic modus operandi and is fundamentally more logical than it might at first appear.
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.
Political Populism and Sustainability | Guest blog by Mike Hulme
This blog is a transcript of Mike's contribution to the conference Sustainability in Turbulent Times on 16 March 2016, reflecting on the implications of recent swings towards populism and nationalism around the world, for the relationship between inequality, democracy and sustainability.
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.
Settling Down and Marking Time | Essay by Roger Scruton
Can we create communities that are both prosperous and sustainable? And can we do this while retaining democratic procedures? These are huge questions and, like others who have addressed them, Roger Scruton is by no means convinced that he has a persuasive answer. But an answer is more likely to be found, he argues, "in the legacy of conservative thinking, than by adopting the standpoint of the top-down plan."