What do we mean by a resilient economy?
This section contains resources from experts about the kind of economy that will build resilient and regenerative communities in Devon and beyond. It is especially good for beginners who want to learn about economics fit for the 21st century. We have also included some more intermediate and advanced learning for those that want to get nerdy about the new economy. This new economy is looking to meet current and future challenges that effect society from health and well being, food security and wealth inequality, to climate breakdown, biodiversity loss and ecosystem collapse and much more.
See our 'knowledge hub' for more useful resouces:
Video (20 mins)
Dr Gemma Bone Dodds weighs in on 3 timely questions from the audience:
1) Can GDP be a useful regional statistic?
2) What is a "Wellbeing Economy" - and how far is the UK from achieving that?
3) How do you see different areas working together when setting up regional banks?
Video by South West Mutual (aiming to be the first regional bank for the South West).
Video (18 mins)
Based on the book Enough Is Enough by Rob Dietz and Dan O'Neill, this film lays out a visionary but realistic alternative to the perpetual pursuit of economic growth -- an economy where the goal is enough, not more. Featuring interviews with leading sustainability thinkers such as Tim Jackson, Kate Pickett, Andrew Simms, Ben Dyson, and Natalie Bennett.
Video (15 mins)
Katherine Trebeck outlines how we can achieve a #JustRecovery from Covid-19 and how Amsterdam City Doughnut research points a way
Katherine Trebeck, Advocacy & Influencing Lead for the Wellbeing Economy Alliance, will set this work in context of a new economic framework and kick off roundtable discussions exploring a way out of the black hole of Coronavirus Pandemic + Financial Depression
Video (4 min)
'Re-Thinking Progress'- The Circular Economy- explores how through a change in perspective we can re-design the way our economy works - designing products that can be 'made to be made again' and powering the system with renewable energy. It questions whether with creativity and innovation we can build a restorative economy.
By circular economy experts at the Ellen MacArthur Foundation
Video (16 mins)
A healthy economy should be designed to thrive not grow.
Ted Talk by world renowned economist Kate Raworth, watched over 3 million time-
What would a sustainable, universally beneficial economy look like? "Like a doughnut," says Oxford economist Kate Raworth. In a stellar, eye-opening talk, she explains how we can move countries out of the hole - where people are falling short on life's essentials - and create regenerative, distributive economies that work within the planet's ecological limits.
Briefing- What is a wellbeing economy?
What is a Wellbeing Economy? by Lisa Hough-Stewart, Claire Sommer, Katherine Trebeck and Stewart Wallis, 4 December 2019
Video (9 mins)
By South West Mutual
1) What could the Bank of England and Treasury do to make it easier for organisations like South West Mutual to set up a regional bank? (Inspired by the recent Tragedy of Growth report from Positive Money.)
2) How does ethical finance differ on a local scale to a national or global scale?
3) With cash reportedly falling out of popularity, how might this impact rural economies, and what can we do to either adapt to or mitigate this impact?
Video (13 mins)
What is a "Circular Economy"? Why should we care? What does it mean for us?
In this Ted talk, Cillian Lohan, CEO of an Irish NGO, the Green Economy Foundation, will explain the basic principles behind the economic concept of a circular economy and how it can really change the world for the better.
No health, no economy paper
Paper from Iridescent Ideas CIC, Plymouth. Summery: 1. Health policy and economic policy need to be better aligned
– too often they are not
2. We need a ‘health in all policies’ approach especially in
economic policy making.
3. Better alignment can help us tackle inequalities and boost
4. Social enterprises are showing the way to a healthier, fairer,
greener, prosperous economy
5. We need to stimulate and include social enterprises at all
stages of economic policy making
10 principles by WeAll
Ten principles for building back better to create wellbeing economies post-covid
Video (15 mins)
Regenerating Devon - What is the challenge ahead? The Economic Perspective | Tony Greenham
Tony Greenham - Executive Director - South West Mutual
Locally resilient and regenerative finance. Tony has over 25 years’ experience as a banker, company director, and policy researcher in sustainability and banking.
Video (10 mins)
Regenerating Devon - What is the challenge ahead? The Ecological Perspective | Manda Brookman
About the speaker
Manda Brookman - Director - Permanently Brilliant
Change, communication, transgression, creative disruption, informed dissent, networks and collaborative clout. From the #RegenerateDevon summit July 2020
Video (10 mins)
Regenerating Devon - What is the challenge ahead? The Social Perspective | Amanda Kilroy.
Amanda Kilroy - Acting Chief Executive Officer - CoLab Exeter
Social purpose leader with a background in health and well being, individual and organisational transformation and social science. Committed to co-creating optimum conditions for people and organisations to do their best work and make a difference in society.
Tragedy of Growth report
Report from Positive Money. To protect wellbeing and avoid ecological disaster we must abandon GDP growth and transform our economic system
Critiques of Gross Domestic Product (GDP) as a measure of economic progress are widespread. However ‘beyond GDP’ narratives often seek to complement the dominant indicator with other measures of progress, aiming for ‘inclusive’ or ‘green’ growth, instead of truly moving ‘beyond GDP’.
New Rules for The New Economy
The New Economics Foundation proposes three missions to transform our failing economy.
The UK is in the grip of three intense, interlinked crises: an economic crisis, an ecological crisis and a democratic crisis. Brexit, the word on everyone’s lips, is tearing the nation apart and yet, while an issue of pivotal importance in its own right, it is mainly a symptom of deeper malaise. This document provides solutions that go to the heart of our economic, ecological and democratic problems.
Article from the RSA
How might we create a system that can respond more effectively to complex challenges we face now and in the future? by Josie Warden, Rebecca Ford and Robbie Bates
Measuring wellbeing inequality
What are the appropriate indicators of wellbeing inequality?
This working paper presents research commissioned by the Office for National Statistics (ONS) and carried out by the New Economics Foundation (NEF) in collaboration with the What Works Centre for Well-being. NEF was tasked with exploring the strengths and weaknesses of different measures of wellbeing inequality and to make a recommendation of a measure which could be reported by the ONS alongside mean wellbeing.
Video (11 mins)
By the Royal Society of Arts ‘Economics is for everyone’, argues legendary economist Ha-Joon Chang in our latest mind-blowing RSA Animate. This is the video economists don’t want you to see! Chang explains why every single person can and SHOULD get their head around basic economics. He pulls back the curtain on the often mystifying language of derivatives and quantitative easing, and explains how easily economic myths and assumptions become gospel.
Video (10 mins)
In 2018, Scotland, Iceland & New Zealand established the network of Wellbeing Economy Governments to challenge the acceptance of GDP as the ultimate measure of a country's success. In this visionary talk, First Minister of Scotland Nicola Sturgeon explains the far-reaching implications of a "well-being economy" -- which places factors like equal pay, childcare, mental health & access to green space at its heart -- & shows how this new focus could help build resolve to confront global challenges.
Wellbeing Economy Governments
The Wellbeing Economy Governments partnership (WEGo) is a collaboration of national and regional governments promoting sharing of expertise and transferrable policy practices.
The aims are to deepen their understanding and advance their shared ambition of building wellbeing economies. WEGo, which currently comprises Scotland, New Zealand, Iceland, and Wales, is founded on the recognition that ‘development’ in the 21st century entails delivering human and ecological wellbeing.
wellbeing economy scotland
A wellbeing economy for Scotland.
This is not a typical WEAll Ideas paper as it is a version of a ‘position paper’ prepared as an input to the Citizens’ Assembly of Scotland session on
‘sustainability’, focusing on how to realise their co-produced statement goal of:
“The kind of Scotland we are seeking to build will be a
sustainable country, environmental, economic and social
impacts for the good of the country”
framing the economy
What is the story of the economy in Britain? Who gets to shape public opinion about what it’s for, how it’s broken and how it can be fixed?
Framing the Economy: How to Win The Case For a Better System
This report (2018) explores how progressives can tell a better story to help accelerate the shift to a new economic system.
Trust in Transition report
Report from the New Economics Foundation.
Climate breakdown and high carbon workers.
Trust, the currency of transition, is in short supply. Rebuilding it has three essential elements:
1. COMMITTING TO GOVERNMENT LEADERSHIP AND A GREEN NEW DEAL.
2. MAKING SURE WORKERS ARE EMPOWERED TO PLAY AN ACTIVE ROLE.
3. LOCALISING TRANSITION PLANNING.
A smart commons
A Smart Commons
A New Model for Investing in the Commons a Dark Matter Labs provocation.
This piece runs through 3 sections:
State Sponsored Speculation
An outline of our dysfunctional urban development model and the trouble with land value tax.
The High Line Effect
A look into property price inflation around the New York High Line.
A Smart Commons
An outline proposal for democratising the tools of public investment, and why it could be crucial for the climate transition of our cities.
P2P Acounting for Planetary Survival Report
"This report brings ideas together to envision the commons at the heart of a 21st-century economy designed to deliver social and ecological health. In its ambitious vision, this report combines a long-standing commitment to commons-based peer production with a new, globally localized approach to the circular economy and, in the process, redesigns distributed ledger technology (think: beyond blockchain) in order to make it feasible." Kate Raworth
Tell us if you think something is missing or you have a case study you would like to share with us. If you have an idea get in touch and we can probably signnpost you to the right people to talk to.
Lets dive in!