The Wealth We Can't Build Alone

Resilient communities, healthy economies, and shared prosperity may be the best investment we can make.
Pandilla Moyobambina, a traditional couples' dance performed during the Fiesta de San Juan in Moyobamba, Peru's San Martín region. Photo by Bill Salazar

A good community insures itself by trust, by good faith and good will, by mutual help. A good community, in other words, is a good local economy.” —Wendell Berry

For generations, wealth promised security. Work hard, invest wisely, build a successful business, and you could create a safe future for yourself and your family.

Today that bargain feels more than a little shaky.

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ECONOMICS, STEWARDSHIP

Business can’t thrive on a burning planet

Capitalism has proven remarkably good at generating wealth. It’s much less reliable at protecting the conditions that make wealth possible.

BOOK: Reimagining Capitalism in a World on Fire

ECONOMICS, COMMON GOOD

Economies don't simply measure value. They define it.

Mariana Mazzucato has spent years challenging one of economics’ most fundamental assumptions. Economies don’t simply measure value—they define it.

BOOK: The Value of Everything

economics, values

Safe futures are good business.

We often hear that markets reward what people value. But markets can only function well when they rest on values they cannot create themselves. Mark Carney explores what happens when market value begins to crowd out the social and moral values that make markets possible.

BOOK: Value(s): Building a Better World for All

COMPANY, ORGANIZATIONAL strategy

Sustainability is becoming the operating system of resilient organizations.

For years, companies framed sustainability as a matter of corporate responsibility—a way to reduce environmental harm, strengthen reputation, and meet stakeholder expectations.

ARTICLE: Corporate Sustainability Is Now a Resilience Strategy

"Progress is people flourishing."

-Ted Gioia

Ecologists take a nuanced, evidence-based approach to intervening in complex adaptive systems. This is how complexity thinking could reboot our approach to public policy.

"Like ecologies, economies are complex adaptive systems. They exhibit feedback loops, delays, adaptation, path dependence, nonlinearity, emergent phenomena and — importantly — people.

ARTICLE: Designing an Economy Like an Ecologist

'Life doesn't happen in money. Life happens in nature.'

In her book Doughnut Economics Kate Raworth outlines seven ways to "think like a 21st century economist". In this talk she reconsiders the assumption that humanity is only self-interested and competitive. She is contagiously excited by the fact that at our best we are actually very collaborative and adaptive.

VIDEO: Kate Raworth - Trees As Infrastructure

'Nature, underpinned by biologically diverse ecosystems, plays a critical role for national economies and people’s livelihoods and health.'

There is a growing recognition of the need to transition to sustainable business models that protect biodiversity and ecosystem services. Finance and innovative financial solutions are key to supporting this transition; and biodiversity finance has emerged as a fast-growing area in green finance with increased interest from investors, financial institutions, and issuers globally. Currently, however, there is no guidance in the market on project eligibility criteria for biodiversity finance.

PUBLICATION: Biodiversity Finance Reference Guide

'Many of the key political and economic institutions of our society have abandoned their commitments to the common good — and along the way, abandoned the bottom half of the adult population.'

"Much of the public no longer believes that the major institutions of America are working for the many; they are vessels for the few."

BOOK EXCERPT: Why Have So Many Americans Succumbed to Trumpism?

Economics as if people mattered

From my seat at the table it appears that economics is the study of who thrives, who stagnates, who gets left out—and how we might actually fix it. It's for this reason that in a polarized world I find The Financial Times and The Economist to be trusted sources of news and analysis.

PODCAST: Technically Economics

How to assess the quality of clothing in an age of fast fashion and cost-cutting

Bernadette Banner cares about clothing. She is passionate about reconnecting with the intrinsic value that clothing once held—back when people owned only a few garments that lasted and were cared for lovingly. To her clothing historically had “an intrinsic value that we just don't have today,” and in her work she tries to rediscover that sense of worth.

VIDEO: How to Identify Quality in Clothing (A Rant)

A bakery storefront can be more than a point of sale; it can be a public stage for changing food systems.

Around the world, economic and environmental pressures are growing for people working across the grain and legume value chain. Climate change is hurting cereal yields, baking qualities are declining, and operational costs are rising. But prices have barely moved.

ARTICLE: The Rise of a New Grain Alliance – Germany’s Free Bakers Sow the Seeds of Change

'If all adults in the UK bought half of their next wardrobe second-hand instead of new, it would prevent 12.5 billion kg of carbon emissions.'

Second-hand wholesale involves purchasing pre-owned goods in bulk.

ARTICLE: How Second-Hand Wholesale Is Making Retail Greener

Empowering designers to connect with the beginning of the textile value chain — starting with the farms

The clothing we wear has a story—a journey from soil to garment that connects farmers, designers, and ecosystems.

ARTICLE: Designing for Connection: How New York Textile Lab is Reimagining the Fiber System

'What if the deepest of capitalism’s evils is the survivalism it perpetuates in all of us?'

Miho Soon says that he "grew up in the intersection of class change between Malaysia and China, reflecting what some would call ‘new money.’"

ESSAY: Decoupling ‘The Good Life’ from Capitalism

Imagine work being this joyful.

This short film clip captures women "waulking" tweed, or finishing the cloth to remove oil and dirt.

VIDEO: Women of The Outer Hebrides - Waulking Song

Abraham Lincoln believed that both human advancement and political stability for the American democratic republic depended on workers’ dignity and ability to improve their conditions.

In 1847, Lincoln wrote that goods rightfully “belong to those whose labour has produced them,” and any good government should ensure that workers receive the entire product of their labor “or as nearly as possible.”

ARTICLE: Abraham Lincoln’s Labor Theory of Value