Valuing What Matters
Photo credit: Krissy.Venosdale
NEF's Valuing What Matters team challenges the theory and practice of traditional economic decision-making. We argue that to take the right decisions for people and the planet you need economic approaches which take into account the triple bottom line of economic, social and environmental impacts.
Our work explores how to create better outcomes in key policy areas such as infrastructure, education and justice policy, and how to make major economic systems, like the labour market, work better for society as a whole. To support this work, we have pioneered the use of Social Return on Investment, a cost–benefit tool which ensures that the real life experiences of stakeholders are factored into the calculation alongside more easily measurable impacts.
Current team focuses include:
- Our criminal justice programme, delivered in partnership with the Centre for Justice Innovation. This applies the triple bottom line approach to the criminal justice system, with the aim of informing a more effective, authoritative and humane justice system.
- Our work on infrastructure, interrogating the real value to environment, economy and society of major public investment decisions like the High Speed 2 rail project or the expansion of Heathrow airport.
- Our inequality programme to identify (a) the impacts of income and wealth polarisation across economy, society and the environment, (b) the underlying drivers of economic inequality – particularly the role of the labour market, and (c) the pre- and re-distributive measures that will enable us to tackle economic inequality at its root.
- Ben Estep, Researcher, Valuing What Matters
- Helen Kersley, Head of Valuing What Matters
- Stephen Whitehead, Researcher, Valuing What Matters
Blog post // July 31, 2014
Evidence shows the tough approach can increase crime More