As part of our work to amplify the important work in the Wellbeing Economy movement, these WEAll Weekly Update blogs will share some of the latest and greatest updates from our membership and beyond. Please use the comment box to share any relevant updates from this week and keep the conversation going!

Weekly Reads

From a Harmless Bet to Russian Roulette – Katherine Trebeck and Dirk Philipsen

Shall we continue to follow past wealth creation and place faith in inventiveness based on markets and monetary valuations? Or shall we take a broader perspective that acknowledges the enormous costs of wealth production and values life beyond the marketplace? 

Economic Journals’ Engagement in the Planetary Emergency: A Misallocation of Resources? – Economists for Future

The planetary emergency is an intellectual and humanitarian challenge that urgently warrants a significant amount of research attention from the economics profession. Is this happening?

Welfare systems without economic growth: A review of the challenges and next steps for the field

Economic growth is no longer a sustainable solution to these problems. It is therefore imperative that we consider how welfare systems will cope with these challenges in the absence of economic growth. We review the literature tackling this complex problem

World Happiness Report

2020 has been a year like no other. This whole report focuses on the effects of COVID-19 and how people all over the world have fared

Life among the Econ: fifty years on– Thomas Palley

Fifty years ago the Econ used to say “Modl-ing is everything”. Now they say “Modl-ing is the only thing”. The math priesthood has been joined by a priesthood of economagicians. The fundamental social divide between Micro and Macro sub-tribes persists, but it has been diluted by a new doctrine of micro foundations. The Econ remain a fractious and argumentative tribe.

Democratising Football- Common Wealth

From Bury to Barcelona, modern football is increasingly marked by inequality, debt, and a growing detachment from the communities that sustain the clubs. But it doesn’t have to be this way; democratic forms of ownership and governance, coupled with clubs employing intentional, place-based anchor approaches, can help bring the people’s game back home to fans and communities.

Systems Design Toolkit

Systemic Design Toolkit helps you co-create interventions to tackle organisational and societal complexity.

Shifting the Narrative – The Opportunity Agenda

As the concept of “narrative” has grown in prominence within the advocacy space, more stakeholders are recognizing the centrality of storytelling to systemic change. But how do we define narrative and the elements that contribute to a successful narrative change strategy? Is change inevitable or the product of coordinated efforts that are possible to replicate?

Mind Our Business: Amplify the transformative power of sustainable and inclusive business models through EU external action

The report illustrates how a focus on sustainable and inclusive business models can help the EU advance on its various objectives; whether creating decent work opportunities, empowering women, reaching out to more marginalised people or contributing to the ecological transition.

The public health case for a Green New Deal – Med Act

“The report identifies the root causes of interconnected climate, social and health injustice, and outlines the case for five key policy demands: decarbonising the UK economy; creating green jobs for all; combating air pollution to ensure healthy air; providing quality homes for all; and delivering food and land justice.”

Were Economists Prepared for the Pandemic?– Rethinking Economics

“Increasingly, it is economists that governments turn to when responding to  these crises, but do their economics courses do enough to prepare them for this vital  role?” 

Goliath and Goliath: Asset Management and Ownership in the UK Economy

“This briefing – which introduces Common Wealth’s programme of work on the future of the sector – explores the implications of this rise and concentration in assets and, by extension, economic power, setting out key questions for policymakers, particularly with respect to this industry’s growing role in our response to global challenges, from ensuring a strong and fair Covid-19 recovery to tackling the climate crisis.”

Pathways out of Capitalism: Building Forward, New and Radical

“Anti-capitalist organising must be rooted in a commitment to see the world for what it is but at the same time push forward with unrelenting hope that another world, a better one, is possible.”

Better Business Act

“We’re joining the coalition because we believe that now is the right time to raise the bar for British business across the board, it’s time for broader accountability to be a legal requirement for the many, not just a moral imperative for the few.” – Arlo Brady, Freuds

The Principles of Environmental Justice

Environmental Justice demands that public policy be based on mutual respect and justice for all peoples, free from any form of discrimination or bias.”

Community Currencies as Crisis Response: Results from a Randomized Control Trial in Kenya

“This paper presents the results of what may be the world’s first randomized control trial on community currencies. In 2020, Grassroots Economics’ Community Inclusion Currency (CIC) model was adopted by the Kenya Red Cross as a humanitarian response to the Covid-19 pandemic.”

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