Join us for the next RSA Meetup in Worcester this April.
Gross Domestic Product remains the overriding measure of economic progress worldwide, but is blind to potentially catastrophic reductions in natural capital and growing inequality. Current economic theories and tools can be found to be partially in conflict with reality and frequently based on intentionally unrealistic assumptions. Would alternative measures and improved tools provide a more coherent policy framework in which resilient and sustainable infrastructure would achieve a far quicker implementation schedule?
Accessing appropriate finance as quickly as possible is the main default position in infrastructure development. Little attention is focussed on the cost of the finance package, nor is it focussed on the longer-term financial, environmental and wider societal costs.
This talk introduces a tool to assess the cost of finance, which is under development and is in the process of being tested. It acknowledges that city living is in profound need of radical transformation and that the majority of economic theory discounts natural capital and well-being measures, and addresses the question: what type of economic thinking could lead to a rapid implementation of liveable city infrastructure? It is argued that a new form of entrepreneurial, restorative economic theory has greater potential to achieve radical transformation of the nation’s cities.
Any questions, please contact me at [email protected].
If you have any access requirements or require any reasonable adjustments, please let the team know: [email protected]. Please also let us know if you have any dietary requirements or severe allergies.
Location: Old Pheasant Pub, 25 New Street, Worcester, WR1 2DP.