Food and Farming Economic Dimensions
Tim Jackson Food and Farming Summer School
18th July 2013
Source: Druckman and Jackson (2010)
Recreation & Leisure
28%
Food & Catering24%
Space Heating13%
Household11%
Clothing & Footwear
8%
Commuting 5%
Health & Hygiene9%
Education2%
Communications1%
Total: 26tCO2e Discrepancies are due to rounding
Food in the Carbon Footprint
Food in the Macro-Economy
• Growth is unsustainable
• De-growth is unstable
The Dilemma of Growth
Innovation
focused on labour
productivity
insufficient economic growth
unemployment
up
L = GDP/PL
consumption down
tax revenues down
government deficits up
public expenditures down
loan defaults up
investment down
lower economic growth
The dilemma
of growth
Incomes
Labour
& capital
Spending
Goods &
services
Firms People labour
productivity
prices novelty
Consumer
credit
Commercial
credit
creative destruction
status competition
Investment Saving
Speculation
The Engine of Growth
The Engine of Growth
‘The value of company assets that come
mainly from products of limited
nutritional value – ‘empty calories’ – is
huge.’
Forum for the Future 2013
Obesity represents 20% of health care
costs in the US.
Spending on diabetes projected to reach
17% of NHS spend by 2035.
Social costs of obesity projected to
reach £50 in the UK by 2050
Stranded Assets
Where is the green economy?
Enterprise
as service
Sustainable
investment
Ecological macro-
economics
• resource light economic
activities that provide the
capabilities for people to
flourish:
– treading lightly on the earth
– delivering quality of life
– integrated into the community
– providing decent, satisfying
employment
Enterprise for a finite planet
• green technologies – renewables
– energy efficiency
– resource productivity
• infrastructure – public transport
– low-carbon buildings
– community spaces
• ecological protection – forests
– soils and crops
– wetlands and habitats
• services – health and education
– care, craft and culture
Investment for a finite planet
The Savory Institute
Holistic livestock management….
“It is well enough that the people of this nation do not understand our
banking and monetary system, for if they did, I believe there would be
a revolution before tomorrow morning."
Henry Ford
• small-scale – peer-to-peer
– community bonds
– community banking
• institutional investors – governance
– negative screening
– investment for good
– impact investment
• macro-economy – financial regulation
– fiduciary duties
– hypothecated transactions tax
– green quantitative easing
– sovereign spending
– the chicago plan
Money for a finite planet
Peer to Peer Lending
Incomes
Participation
Spending
services
Firms People
Economics for a finite planet
resource
productivity
novelty
Affordable
housing Investment
loans
participation prosperity
Investment Saving
Speculation
Prosperity consists in our ability to flourish as human
beings…
….within the ecological limits of a finite planet
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