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Tim Jackson on food and farming

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Tim Jackson gave a lecture at the Organic Research Centre in Elm Farm, debating solutions to the economic challenges facing farming

Tim Jackson gave a lecture at the Organic Research Centre in Elm Farm, debating solutions to the economic challenges facing farming


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  • 1. Food and Farming Economic Dimensions Tim Jackson Food and Farming Summer School 18th July 2013
  • 2. Source: Druckman and Jackson (2010) Recreation & Leisure 28% Food & Catering 24% Space Heating 13% Household 11% Clothing & Footwear 8% Commuting 5% Health & Hygiene 9% Education 2% Communications 1% Total: 26tCO2e Discrepancies are due to rounding Food in the Carbon Footprint
  • 3. Food in the Macro-Economy
  • 4. • Growth is unsustainable • De-growth is unstable The Dilemma of Growth
  • 5. 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
  • 6. Incomes Labour & capital Spending Goods & services Firms Peoplelabour productivity prices novelty Consumer credit Commercial credit creative destruction status competition Investment Saving Speculation The Engine of Growth
  • 7. The Engine of Growth
  • 8. ‘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
  • 9. Where is the green economy? Enterprise as service Sustainable investment Ecological macro- economics
  • 10. • 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
  • 11. • 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
  • 12. The Savory Institute Holistic livestock management….
  • 13. Grasslands
  • 14. “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
  • 15. • 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
  • 16. Peer to Peer Lending
  • 17. Incomes Participation Spending services Firms People Economics for a finite planet resource productivity novelty Affordable housingInvestment loans participation prosperity Investment Saving Speculation
  • 18. Prosperity consists in our ability to flourish as human beings… ….within the ecological limits of a finite planet