Finance 23 results

Growth and climate | French Ministry of Economy and Finance conference with Tim Jackson

The French Ministry of Economy and Finance hosted a conference on 5 December to discuss the trade-offs between emission reduction policies and economic prosperity. Hosted by Minister Bruno Le Maire, speakers of the day included CUSP director Tim Jackson, Sandrine Dixson-Declève, Pierre-Olivier Gourinchas, and Bill Gates.

Post Growth and the North-South Divide: a post-Keynesian stock-flow consistent analysis | Working Paper

This working paper describes a two-region post-Keynesian stock-flow consistent macroeconomic model set out to analyse macroeconomic implications of a postgrowth transition in advanced countries on the economic and environmental conditions in the rest of the world

BBC Radio 4 Rethink Series | Green economy, money and prosperity

What may switching to a green economy mean for the way we live and work and is it compatible with economic growth? Together with his invited guests and co-hosts, Amol Rajan is exploring key questions around money, prosperity and the green economy.

Degrowth can work—here’s how science can help | Nature Article

Wealthy countries can create prosperity while using less materials and energy if they abandon economic growth as an objective. This Nature comment piece together with Jason Hickel, Giorgos Kallis, Julia Steinberger and more is laying out the key challenges of a just post-growth transition.

Sunak’s growth fetish is a problem: he’s heading for the same budget trap as Truss | The Guardian Opinion piece

The siren call of climate-burning expansion bewitches British politics. More of the same will emerge in the autumn statement, Tim Jackson writes. To all intents and purposes, we’re already living in a post-growth world. And it’s time to take that challenge seriously.

What happens when investment firms take over UK care homes | Report and Briefing Paper

Through a series of in-depth interviews with care workers Christine Corlet Walker et al explore the impact of investment firms on working conditions and quality of care in UK care homes. Combined with an analysis of care company accounts generating insights into the impacts of financialisation on the UK care sector, the report shows how investment firms are using extreme strategies to reduce staffing levels and cut costs in the name of profit, with appalling consequences for care.

Land is the new frontier to greenwash corporate sins | Letter to the Financial Times

Letter by John Meadley and CUSP director Tim Jackson to the Financial Times, highlighting the urgent need for decent land use policy, to prevent the same predatory financial practices prevalent in the social care sector from taking hold in rural communities too.

Beyond the Debt Controversy—Re-framing fiscal and monetary policy for a post-pandemic era | Working Paper and Policy Briefing

In the years since the financial crisis, a heated debate has broken out amongst macroeconomists about the appropriate roles of fiscal and monetary policy in managing public sector debt. This working paper and accompanying policy briefing introduce the main lines of argument on both sides of the controversy. We find i.a. that a return to fiscal austerity would be both dangerous and unjustified and that moving beyond ideology is key to the levelling-up agenda.

World Scientists Warning into Action—Tim Jackson in conversation with Ed Gemmell at #COP26

Press conference on post-growth economics, zero carbon sooner and the climate economics challenge at #COP26. Hosted by Scientists Warning Europe, 5 November 2021.

Inside Impact Investing | Triodos Podcast

Impact investing is a driving force in the transition to a more inclusive and sustainable world. In this podcast series, Tim Jackson and Hans Stegeman discuss the shortcomings of our current economic system and explore how the financial sector can play a crucial role in providing the capital needed to realise real and profound change.

Careless Finance—Operational and economic fragility in adult social care | CUSP Working Paper

Adult social care across the OECD is in crisis. Covid-19 has exposed deep fragilities. Principal amongst these is the process of marketisation and financialisation of the social care sector. In this paper, we take a critical perspective on this process. We find that marketisation has facilitated the conditions for both financial fragility and operational failure.

Modelling Transition Risk—Towards an Agent-Based, Stock-Flow Consistent Framework

This working paper summarises the initial findings of a project whose aim has been to develop an agent-based (AB), stock-flow-consistent (SFC) macroeconomic framework to study the economic, financial and social implications of the transition to a net zero carbon economy.

Podcast | Covid unemployment: a new crisis?—BBC World Service with Tim Jackson

Millions have been left without work as the coronavirus pandemic continues to devastate economies across the globe. How does surging unemployment complicate the global response to the pandemic? Dan Damon and a panel of experts discuss what should be done for the BBC World Service.

Recovery or Renewal? Time for an economic rethink | Blog with Craig D Rye

A recent study of long-term fluctuations in economic growth published in Nature Scientific Reports suggests both danger and opportunity in the emerging debate about post Covid-19 economic recovery. In this blog, Craig D. Rye and Tim Jackson outline the findings.

Is growth an illusion? | Tim Jackson in discussion w/ Andrew McAfee and Christiana Riley at #wef2020

Under the title Is Growth an Illusion?, Deutsche Bank is hosting an event programme in Davos, accompanying the annual meeting of the World Economic Forum; to discuss the future of growth with leading politicians and internationally renowned experts from various fields. CUSP director Tim Jackson is joining a panel with Christiana Riley and Andrew McAfee.

HM Treasury’s Decarbonisation of the UK Economy and Green Finance Inquiry | Evidence Submission

Earlier in 2019, the UK Treasury Select Committee launched an inquiry into the decarbonisation of the UK economy and green finance, set out to scrutinise the role of the Treasury department, regulators and financial services firms in supporting the UK Government’s climate change commitments. Drawing on recent CUSP reports, Tim Jackson submitted evidence.

A shift in temperature—the financial challenge of a zero carbon economy | Blog by Tim Jackson and Andrew Jackson

Climate emergency demands a wholescale shift away from fossil fuels. Tim Jackson and Andrew Jackson reflect here on the emerging concept of 'transition risk', a key element in the Bank of England's response to climate change, and outline the challenges inherent in understanding and modelling it.

‘Whatever it takes’—the new economics of system change

‘System change, not climate change’ is the mantra for a new politically-charged ecological activism. In the wake of two key economic conferences, Tim Jackson reflects on what this means for the financial and political stability of Europe.—"It matters not a jot that you do ‘whatever it takes’ to save the banks, if you fail to do whatever it takes to save the climate."

The Dilemma of Growth | Panel debate w Tim Jackson and David Folkerts-Landau

As part of the 2018 ZEIT Wirtschaftsforum, Tim Jackson and David Folkerts-Landau (Chief Economist, Deutsche Bank) were invited for a debate on the dilemma of growth, the relevance of GDP growth for wellbeing, and the political feasibility of a postgrowth agenda.

Still from System Error Documentary, Finance

System Error, D 2017 | Documentary w Tim Jackson, investigating the paradigm of economic growth

Why are we so obsessed with economic growth, knowing that it has devastating effects on our finite planet (and ultimately us)? The new documentary by Florian Opitz is looking for answers to this principal contradiction of our time and considers global capitalism from the perspective of those who run it.

10th anniversary | Sustainable Development at University of St Andrews

Investing in the economy of tomorrow

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.

An economy that works

Prosperity isn’t just about earning more and having more, it consists in our ability to participate meaningfully in the life of society. A vital element, Tim Jackson argues, that has gone missing for ordinary people over recent decades. We must question the fundamental structures behind our economies before they will work for everyone. (This blog is posted on the CUSP website).