Problems with GDP as a Policy Target

The traditional economic concepts that the Global North has been using since WWII assume that there is an infinite planet and that pollution has no economic consequences - assumptions that are wildly wrong. In contrast, ecological economics is a model designed to respect the fact that our economy exists on a finite planet and puts more emphasis on the quality of economic activity than its quantity. But a shift in mindset of this magnitude to embrace this new way of thinking requires guidance and a proper roadmap if it’s to be successfully integrated into urban policies. This episode sees Cities 1.5 looking to translate the theoretical into the practical by speaking to one of the world’s leading ecological economists, Tim Jackson, for a stand alone interview to help demonstrate what cities can do to deliver shared prosperity - not just an unsustainable goal of infinite growth.

Featured guests:
Tim Jackson is Professor of Sustainable Development at the University of Surrey and Director of the Centre for the Understanding of Sustainable Prosperity - a multi-disciplinary, international research consortium that aims to explore the economic, social, and political dimensions of sustainable prosperity. He is an award-winning economist and published author of several books, including his latest: Post Growth: Life After Capitalism.

Links
Post Growth: Life After Capitalism by Tim Jackson (Polity Press, 2021)
“Prosperity Beyond Growth: An Emerging Agenda for European Cities,” by Ben Rogers et al., Journal of City Climate Policy and Economy
Prosperity without growth? The transition to a sustainable economy report by Professor Tim Jackson,Economics Commissioner, Sustainable Development Commission
Prosperity without Growth (book) by Tim Jackson
Transition Network website
Beyond GDP: A proposed new economic framework: Vancouver - C40 Knowledge Hub

Image credit: © Rosanna Wan C40

If you want to learn more about the Journal of City Climate Policy and Economy, please visit our website: https://jccpe.utpjournals.press/

Cities 1.5 is produced by the University of Toronto Press and the C40 Centre, and is supported by C40 Cities. You can sign up to the Centre newsletter here. https://thecentre.substack.com/

Cities 1.5 is hosted by David Miller. It's written and produced by Peggy Whitfield and Jess Schmidt: https://jessdoespodcasting.com/

Our executive producer is Chiara Morfeo.

Edited by Morgane Chambrin: https://www.morganechambrin.com/

Cities 1.5 music is by Lorna Gilfedder: https://origamipodcastservices.com/