Achieving the Great Transition to an environmentally sustainable, socially just, well-being producing economy will require everyone participating in it to make substantial changes to their behaviour.Bringing about this level of behaviour change will mean radical transformation at public policy level, to taxation, public spending, regulation and so on.More
We talk about it, we all know it’s important but we don’t yet commission on it. It’s the soft vs. hard outcomes debate. It’s the ‘hard to measure’ vs. the easy to evidence targets. It has massive implications for the Payment by Results (PBR) agenda. And on 1st March 2012, after twelve months of hard work on behalf of 10 very dynamic women, it seems that some decision-makers are beginning to listen to what value for money really means.More
Earlier this week Stewart Wallis blogged about nef's developing partnership with its new US sister organisation, the New Economics Institute. Now comes news that they have appointed their new president and CEO – an exciting time for those of us looking to take the new economics global.More
“Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist,” said John Maynard Keynes. Unfortunately, after seven decades, the defunct economists remain largely in control of the world.More
For years after becoming director at nef back in 2003, the question nagged away at me. How could we make the Great Transition to a new economics happen if we just did it in the UK? Was it possible at all if we weren't working simultaneously in the USA?
I'm glad to say that the nagging paid off, because in the last few years we have been forging an exciting relationship with a major new force in the USA - the New Economics Institute, our sister organisation.More
It is peculiar how politics works.
We have been collectively wringing our hands about the implications of Open Public Services, worrying about whether small local or voluntary sector suppliers would be pushed aside. Then – all the time – below the radar a something has been emerging that is set to make a major difference to the way public services are commissioned.More
Back to Greece. Two weeks, this time, before the latest ‘rescue’ package started to unwind, which under the circumstances might be considered a success. The problem here is private sector involvement in the deal: not all of Greece’s many and varied private creditors want to write off a great chunk of their loans.More
In a letter to the Financial Times last week, Dr Stelios Zyglidopoulos suggested that the treatment prescribed by the EU troika for Greece bears an “eerie resemblance to the now obsolete practice of blood-letting, which was practised by medical doctors for almost 2000 years.” Economists, and the politicians who take their advice, lay claim to special knowledge as to why we periodically plunge into economic recessions. More