Wellbeing economy: An effective paradigm to mainstream post-growth policies?

Fioramonti, Lorenzo; Coscieme, Luca; Costanza, Robert; Kubiszewski, Ida; Trebeck, Katherine; Wallis, Stewart; Roberts, Debra; Mortensen, Lars Fogh; Pickett, Kate E.; Wilkinson, Richard G.; Ragnarsdóttir, Kristín Vala; McGlade, Jacqueline; Lovins, Hunter; Vogli, Roberto De

doi:10.1016/j.ecolecon.2021.107261

Cited by 95 publications

(75 citation statements)

References 60 publications

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“…While population growth was the leading cause of increasing consumption from 1970 to 2000, the emergence of a global affluent middle class has been the stronger driver since the turn of the century (Panel, 2019;Wiedmann et al, 2020). This tight coupling between the unfolding socio-ecological crisis that fundamentally threatens long-term equitable wellbeing, and growth in financial measures that are supposed to indicate wellbeing success (e.g., GDP), sets the scene for the dramatically unfolding paradigm shift in assumptions about how resources are best transformed into longterm wellbeing for all (Fioramonti et al, 2022). By extension this puts a spotlight on all organisations, including universities, that have become complicit in upholding the current BAU assumptions and are intricately organised in ways that align with them.…”

Section: The Wellbeing Machine and "Business-as-usual" Logicmentioning

confidence: 99%

“…The pursuit of human and ecological wellbeing rather than material growth has become known as the "Wellbeing Economy" (Fioramonti et al, 2022), or in OECD's words the "Economy of Wellbeing" (Llena-Nozal et al, 2019)-the first level of ensuring operationalisation of long-term wellbeing for all (sustainability) through the economy. Measuring the ultimate outcomes of the economy-and whether they align with the wellbeing outcomes they claim to, represents a significant step away from faith in BAU thinking.…”

Section: The Practical Backlash To Bau: the Rise Of The Wellbeing Economymentioning

confidence: 99%

“…As part of this, WeGO represents a small but growing group of governments, including Scotland, New Zealand, Iceland, Wales and Finland, who are declaring that their countries are to be governed directly for wellbeing outcomes (Wellbeing Alliance, 2021) 3 . According to Fioramonti et al (2022), adoption of the Wellbeing Framework could be extended globally, holding the promise of a powerful and adaptable cultural and socio-economic narrative that offers radical change in a timely fashion.…”

Section: The Practical Backlash To Bau: the Rise Of The Wellbeing Economymentioning

confidence: 99%

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Re-purposing Universities: The Path to Purpose

Hurth

Stewart

2022

Front. Sustain.

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As the extent of damage to environmental systems from our business-as-usual activity becomes ever more alarming, Universities as core social institutions are under pressure to help society lead the transition to a sustainable future. Their response to the issues, that they themselves have helped reveal, has, however, been widely criticised for being wholly inadequate. Universities can be observed to engage with sustainability issues in ad-hoc ways, with the scale of attention and commitment dependant mainly on the level of pressure exerted by stakeholders that works to overcome aspects of inherent inertia. Sustainability initiatives can therefore be regarded mainly as bolt-ons. This mirrors how other sectors, including businesses, have tended to respond. As the environmental and social crisis mounts and the window for adaptive change to ensure long-term wellbeing for all narrows, the pressure for deeper systemic change builds. It is in this context that transformation to a “purpose-driven organisation” has emerged as a systemic approach to change, enabling an organisation to align deeply and rapidly with society's long-term best interest and hence a sustainable future. Nowhere has this concept been taken forward more obviously than in the business sector. As business leadership towards purpose becomes more apparent, so the lack of action in this area by universities appears starker. In this paper we clarify what it means to be a purpose-driven organisation, why and how it represents a deep holistic response to unsustainability, and what core questions emerging from the business world university leaders can ask themselves to begin the practical journey to transform their institutions into purpose-driven universities.

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Section: The Wellbeing Machine and "Business-as-usual" Logicmentioning

confidence: 99%

Section: The Practical Backlash To Bau: the Rise Of The Wellbeing Economymentioning

confidence: 99%

Section: The Practical Backlash To Bau: the Rise Of The Wellbeing Economymentioning

confidence: 99%

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Re-purposing Universities: The Path to Purpose

Hurth

Stewart

2022

Front. Sustain.

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“…Therefore, the recommendation is to develop national economies that are embedded in society, which is itself embedded in natural systems (Costanza et al, 2013). Nevertheless, as pointed out in different studies (Kibria et al, 2022;Fioramonti et al, 2022;Costanza et al, 2013;, knowledge of the interactions between dimensions is still conceptual, while the need of understanding each interaction between the economy, society, and nature is a certitude. Answering the aforementioned requirement, Figure 3 presents the main results obtained in previous studies, using the SSI framework and analyzing the relationship between environmental, human, and economic wellbeing, while placing the environment at the center of the discussion, with the main aim of observing the influence of other dimensions.…”

Section: Sustainable Society Index and Its Link To Sustainable Develo...mentioning

confidence: 99%

Environmental wellbeing in the context of sustainable development: Evidence from post-communist economies

Ulman

Mihai²,

Căutișanu³

et al. 2022

Front. Environ. Sci.

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Considering diverse national contexts, there are differences in the capacity of countries in terms of their ability to attain sustainability in its three main dimensions. The present study puts the economic, social, and environmental indicators face-to-face from 19 post-communist economies across the 2006–2020 period. It emphasizes the main vulnerabilities at the level of the analyzed countries, concentrates on these weak points, and offers concrete explanations regarding the main social and economic factors, exerting a negative influence on them. Consequently, placing climate and energy, with their major components, i.e., energy use, energy savings, greenhouse gases, and renewable energy, at the center of the analysis, as the major weak points of environmental wellbeing within the analyzed group of countries, the nature of the influence of human and economic wellbeing upon each of them is evidenced using panel data-specific methods (pooled, fixed, and random effects). The general results obtained showed the following: 1) the components of environmental wellbeing registered a different evolution among post-communist economies; 2) climate and energy components were the main vulnerabilities in terms of environmental sustainability; 3) these environmental components were closely linked to both components of economic and social dimensions; and 4) the determinants of energy use, energy savings, greenhouse gases, and renewable energy were different in the selected group of countries. This study draws attention to the fact that the patterns of development applied in the group of post-communist economies seem to strengthen sustainable goals, especially with regard to economic and human wellbeing. Moreover, while directing its focus on the main urgent environmental vulnerabilities and encouraging their strengthening by not putting the economic dimension in the center of interest, it supports the theoretical perspective of sustainable wellbeing, based on sustainability and ecological economics.

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“…At the vanguard is a small but influential group of governments (Finland, New Zealand, Iceland, Wales and Scotland) who are declaring that their countries are to be governed with wellbeing and economic outcomes as priorities (Wellbeing Alliance, 2021). The economic logic of the wellbeing framework is building momentum, offering a powerful and adaptable cultural and socio-economic narrative that can be extended globally (Fioramonti et al, 2022).…”

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confidence: 99%

Mineral revolution for the Wellbeing Economy

et al. 2022

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As we consider a transition to a low carbon future, there is a need to examine the mineral needs for this transformation at a scale reminiscent of the Green Revolution. The efficiency gains of the agrarian transition came at ecological and social costs that can also provide important lessons about the Mineral Revolution. We lay out some of the key ways in which such a mineral revolution can be delineated over temporal scales in a paradigm shift that considers wellbeing as a purpose and focuses on preserving natural capital. These prospects are conceptually presented as three pathways that consider the status quo, incremental adaption and revolutionary change as a means of planning more effectively for a low carbon transition.Given firm political commitments to deliver net zero carbon by 2050, there is indisputable evidence regarding the need for minerals to construct and service climate neutral infrastructure. Technology commodities like lithium, cobalt and graphite could face demand increases in mining of more than 500% (World Bank, 2020). To achieve the 2050 goal, new renewable energy networks such as wind, solar and geothermal power will require substantial

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Wellbeing economy: An effective paradigm to mainstream post-growth policies?

Cited by 95 publications

References 60 publications

Re-purposing Universities: The Path to Purpose

Re-purposing Universities: The Path to Purpose

Environmental wellbeing in the context of sustainable development: Evidence from post-communist economies

Mineral revolution for the Wellbeing Economy

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