Rethinking Economic Policy in the EU | First Postgrowth conference at EU parliament
Scientists, politicians, and policymakers gathering in Brussels for landmark conference: Hosted at the EU parliament, the multi-stakeholder event is exploring visions and solutions for a post-growth economy in Europe. An accompanying petition calling on the EU and its member states to plan for a postgrowth future is now published in leading newspapers all over Europe.
LowGrow SFC: An ecological macroeconomic simulation model
System dynamics model by Tim Jackson and Peter Victor is live now, developing sustainable prosperity scenarios for the Canadian economy out to 2067. LowGrow SFC is part of a suite of system dynamics models developed by Tim Jackson and Peter Victor, including SIGMA, which addresses the key challenge of inequality in the context of declining growth rates; and FALSTAFF, which explores the financial and economic dimensions of a post-growth economy.
The Future Of Work — Lessons from the History of Utopian Thought | Paper
This paper aims to contribute towards the development of a political economy of work fit for purpose in a world of social and environmental limits. In order to get beyond today’s dominant conceptions of work in a growth-based capitalism, Simon Mair, Angela Druckman and Tim Jackson explore the role of work in historical utopias.
‘Secular stagnation’ meets the ‘GDP fetish’
Tim Jackson introduces his new CUSP working paper ‘The Post-Growth Challenge’, in which he discusses the state of advanced economies ten years after the crisis. Our attempts to prop up an ailing capitalism have increased inequality, hindered ecological innovation and undermined stability, he argues.
Confronting inequality: basic income and the right to work
Ten years after the financial crisis, inequality in advanced economies is still rising. Tim Jackson presents the findings of a new CUSP working paper to explore potential solutions. "There are post-growth worlds in which social progress remains entirely possible."
Confronting inequality in a post-growth world – Basic income, factor substitution and the future of work | Paper
Piketty argued that slow growth rates inevitably lead to rising inequality. If true, this hypothesis would pose serious challenges for a ‘post-growth’ society. If true, this hypothesis would pose serious challenges for a ‘post-growth’ society. Fiscal responses to this dilemma include Piketty’s own suggestion to tax capital assets and more recent suggestions to provide a universal basic income that would allow even the poorest in society to meet basic needs.
‘Everything, in short, except that which makes life worthwhile’
Fifty years to the day after Robert Kennedy’s historic speech on the limitations of the GDP at the University of Kansas in March 1968, Tim Jackson reflects on the failings of measurement and vision which still haunt both economic policy and our everyday life.
Social Limits to Growth — Lessons for a post-crash economy
On 13 November 2017, the APPG on Limits to Growth hosted an evening debate at the House of Commons, to celebrate the 40th anniversary of the publication of Social Limits to Growth by Fred Hirsch. Caroline Lucas and Tim Jackson reflect on the continuing relevance of his ground-breaking work.
This new world—Reframing the distribution of rewards | Huffington Post
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. Our choices are now 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.
Broken promises—the engine of consumerism
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.
The future of jobs: is decent work for all a pipe dream? | The Guardian
Rapid developments in technology and unpredictable economies are destabilising employment as we know it. What are the possible solutions? Rapid developments in technology and unpredictable economies are destabilising employment as we know it. What are the possible solutions? It’s not the demand for human labour that is disappearing, Tim Jackson argues, but the institutions and economics to deliver it.
Can economies thrive without growth? | RSA Radio, June 2017
When economies stop growing they go into crisis, but it seems impossible for them to grow forever without causing ecological catastrophe. Matthew Taylor talks to Tim Jackson about the big dilemma in sustainability and his book ‘Prosperity without Growth’ (2009/2017) which charted a way out of it.
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).
Beyond Consumer Capitalism—Foundations for Sustainable Prosperity | Paper
This paper explores the ramifications of the combined crises now faced by the prevailing growth-based model of economics. In paying a particular attention to the nature of enterprise, the quality of work, the structure of investment and the role of money, the paper develops the conceptual basis for social innovation in each of these areas, and provides empirical examples of such innovations.
Towards a sustainable prosperity
Prosperity matters. A prosperous society is concerned not only with income and financial wealth, but also with the health and wellbeing of its citizens, with their access to good quality education, and with their prospects for decent and rewarding work. Prosperity enables basic individual rights and freedoms. But it must also deliver the ability for people to participate meaningfully in common projects. Ultimately, prosperity must offer society a credible and inclusive vision of social progress.
Materiality and spiritually in Marx, Darwin and Malthus
I am not quite sure why discussions about Marx elicit such eloquence, but they invariably do. Perhaps it is because, at its best, Marx’s own writing had the same quality. At any rate, John Bellamy Foster’s excellent essay, along with the ensuing discussion, has been no exception. I have been struck throughout by the quality of the writing and the intensity of the arguments: careful thought, lucid prose, and occasional outbursts of pure emotion. Marx clearly still has the power to elicit strong feelings—on both sides of the debate. The sheer level of engagement is a credit both to Foster and to the influence Marx still has.
ESRC blog: The case for sustainable prosperity
:: Why did you pursue an academic career? :: I am an ‘accidental academic’, starting my professional life working on a voluntary (and then freelance) basis doing research for environmental organisations like Friends of the Earth and Greenpeace, places where sustainability issues were being taken most seriously. At an international symposium in 1992, I met Professor Roland Clift, who later persuaded me to apply for a research fellowship at the University of Surrey. The rest, as they say, is academic history – although I still maintain strong links with civil society organisations and policymakers.
If the rich world aimed for minimal growth, would it be a disaster or a blessing?
“ANYONE who believes that exponential growth can go on forever in a finite world is either a madman or an economist,” remarked (the economist) Kenneth Boulding. John Stuart Mill devoted an entire chapter of his “Principles of Political Economy” to the concept of the “stationary state”—a state that he believed would be “on the whole, a very considerable improvement on our present condition”.
Economics for a full world
I remember vividly the first time I came across Herman Daly’s work. It was in a crowded upstairs meeting room in London sometime in 1989 during a presentation on the relative costs of different carbon abatement options. Among the slides on display—acetates and overhead projectors in those days—was one showing Herman Daly and John Cobb’s Index of Sustainable Economic Welfare alongside the GDP. It fascinated me not simply because it illustrated so clearly Daly’s concept of uneconomic growth, but also because it proved to me that it was possible to think in economic terms about economics without falling prey to common ecological follies such as the idea that economic growth is unequivocally good (or indeed even possible in perpetuity on a finite planet).
Growth is not the answer to inequality
Wouldn’t it be wonderful if our politicians focused on things that matter, like the kind of society we want to live in, instead of squabbling over TV debates and “empty chairs”? Why couldn’t they be a bit more like actor Michael Sheen, for instance, whose barnstorming defence of public values went viral after he turned out for a rain-soaked St David’s Day rally in support of the NHS?
The dilemma of growth: prosperity vs economic expansion
Rethinking prosperity is a vital task because our prevailing vision of the good life – and the economics intended to deliver it – have both come badly unstuck. Financial markets are unstable; inequality is rising; and despite the 500,000 or so people who took to the streets before Tuesday’s UN Climate Summit in New York, tackling climate change still faces a “frustrating lack of progress”. If this were not enough, the proposition that more is always better has signally failed to deliver, particularly in the affluent west. But questioning these values is deemed to be the act of lunatics, idealists and revolutionaries.
New economic model needed not relentless consumer demand
It’s four years since my book, Prosperity without Growth, first appeared in English but the world already seems like a different place. One of the most obvious differences is that the conventional vision of social progress as a paradise of endless growth has come under increasing scrutiny: not just from those who doubt its sustainability or question its desirability, but also from those wondering where on earth economic growth is going to come from in the wake of the worst financial crisis in 80 years. The question that once could not be asked now regularly haunts the media: is it conceivable that economic growth will not after all deliver lasting prosperity?
