Chasing Progress | CUSP Newsletter April 2018
Fifty years after Bobby Kennedy’s speech highlighting the limitations of the GDP as a measure of progress, it’s appropriate in this issue to highlight our new working paper outlining a different way of measuring economic welfare – based on ideas from the theory of change literature. A second recent working paper confronts the thorny question of inequality in the face of declining growth rates and explores the potential for (and limits of) redistributive policy options such as the basic income...
Vacancy: CUSP Administrative Assistant (part-time)
We are looking for an empathetic, professional and highly-organised individual to support the coordination of the ESRC-funded Centre for the Understanding of Sustainable Prosperity (CUSP), part-time. Closing date for application:15 May 2018
The People’s Projects | Feral Spaces Project shortlisted for Public Voting
The arts and learning project ‘Feral Spaces’ by CUSP Fellow Laurel Gallagher is shortlisted for public voting. The voting is open from 16-30 April. If successful, the Feral Spaces group will provide art activities for young people, using disused local spaces and recycled materials, to promote appreciation of the local environment.
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.
The Politics of Enclaves: Launch of Economic Science Fictions | London, 2 May 2018
Economic Science Fictions is a new volume of essays exploring the overlap between the economic imagination and science fiction, in economics, fiction, design fiction and utopian (and dystopian) political economy. To celebrate the publication of the book, this event will explore the politics of enclaves from the perspective of urban design and science fiction, so as to cast different light on the anxieties and hopes of the present.
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.
CUSP Newsletter | March 2018
This edition links to the videos from our Nature of Prosperity event on 16 Feb. You'll find our new green finance report, the culmination of our year long study with the Aldersgate Group, which sets out 30 clear policy recommendations to increase the rate of green finance in the UK. In July, we will be holding a workshop on Economics for the Anthropocene and are inviting papers. We’re also looking for people to take part in our study of work in the cultural sector.
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.
Survey: Green investment & Decisions
As part of our System Dynamics work stream, CUSP researcher Sarah Hafner has set up an online survey for investment practitioners to help inform her work on modelling investment decision in a system dynamics framework.
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.
Nature On The Page — Wildlines @ The Leeds Library w Kate Oakley, 15 Mar 2018
On 15 March 2018, CUSP researcher Kate Oakley will be joining an expert panel of writers and naturalists to explore the process of putting our experience of the natural world down on paper. Who gets to write about nature, and why? Is there a place for politics in nature writing? Does the north have the nature-writing it deserves? And why does nature writing matter?
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.
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.
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.
World development within Planetary Boundaries | Lecture with Johan Rockström
The advent of the Anthropocene, the scientific recognition of the remarkably stable state of the Earth system during the Holocene Inter-glacial, the rising evidence of global risks of crossing Earth tipping points and the signs of a gradual decline in Earth resilience, constitute overwhelming evidence for the need of a deep mind-shift. In his lecture, Johan Rockström presents his science of sustainability.
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.
Local Action for Sustainable Prosperity | Seminar w Joan Walley, 19 Oct 2017
How, at a time of rising inequalities and austerity, can action for sustainable prosperity be galvanised at the local level? how do we create awareness amongst the public and their elected representatives of the environmental and social challenges facing us? Former MP of Stoke-on-Trent and chairwoman of the Aldersgate Group Joan Walley is sharing her insights.