Topic

Economy

Commentary

New economic thinking in Greece — “Pregnant” with promise 

Greece’s history of societal unrest fuels anti-neoliberal sentiments, but new economic thinking remains fragmented. Activism and grassroots movements thrive, yet they lack institutional backing. While heterodox economists like Yanis Varoufakis have influence, deeper collaboration is hindered by ideological divides. Opportunities lie in sustainability efforts, particularly in energy communities, which challenge traditional capitalist structures.

New economic thinking in France — A small but vibrant space

France’s new economic thinking is small, fragmented, and largely issue-oriented, with a focus on social justice and environmental issues. The field is supported by academic networks, cooperatives, and NGOs, but systemic transformation is limited by a lack of cross-sectoral funding and institutional support. Despite influential thinkers like Thomas Piketty, heterodox economics remains weak in academia and policymaking, hindering broader economic change. However, there is growing interest among students and the public in alternative economic models that address ecological crises.

Designing policies for a wellbeing economy — learnings from Finland

Finland is developing a wellbeing economy governance model to complement traditional economic goals, focusing on citizens’ wellbeing. Challenges include overcoming siloed government structures, balancing economic and wellbeing priorities, and clearly defining wellbeing. These insights aim to inform global efforts, promoting cross-sector collaboration and a more people-centric approach to policymaking.

The EU must develop new policies for the data economy

The European Union’s focus on digitalization   Digitalization, continuously in progress, transforms the very fundamental structures of our economies and societies. On September 15, 2021, the European Commission published its State of the Union and, along with it, a Path to the Digital Decade. The EU wants “to be digitally…

The future does not exist

The world is full of chance, chaos, and things we don’t have a tested solution for. As such, companies try to eliminate uncertainty by either using data to predict trends or employing complex forecasting methods. Yet, neither of these models has any relevance unless we devote some time to thinking…

The Economy of Wellbeing – a new narrative

What would life be like if instead of GDP, we measured how many girls ride their bikes to school every day? If politicians, in the face of elections, promised to slow down biodiversity loss and reduce the number of people sleeping on the streets instead of promising economic growth? If…

Publications

Towards an inclusive sufficiency narrative

In this Editorial, we tackle perhaps the most urgent issue of our time – the need to orient lives more towards sufficiency. Achieving such a transformation also requires a parallel paradigm shift in science. In this Editorial, we have two guest authors, Teemu Koskimäki and Aleksi Neuvonen, who are members of the SISU Consortium doing research on sufficiency transition in Finland.

Trade-offs in expanding citizen participation in low-carbon transitions : Seven transition arena experiments

Amid the complex and persistent challenges of sustainability transitions, experimental governance has emerged as a way to foster reflexivity, learning, and policy innovation through diverse participatory practices. This paper examines the role of transition arena methodologies in expanding and deepening civic engagement in low-carbon transitions, specifically through seven experimental processes focused on “climate-wise housing” in Finland in 2023. These experiments combined digital and in-person facilitation in an attempt to involve citizens in co-producing actionable insights on climate-smart behaviors, building renovations, and renewable energy adoption, hitherto directing the envisioned transition. The research explores three “avenues” of widening participation in transition arenas, namely expanding, complementing, and opening such arenas to explore questions regarding the potential and limitations of widening transition arena participation and the impact of such breadth on the depth of citizen engagement. Findings highlight trade-offs between different scopes and modes of citizen participation and reveal how participatory processes shape public engagement and policy responsiveness. By suggesting four implications on designing and implementing citizen engagement processes, the study contributes to a nuanced understanding of participation in transition governance and its implications for sustainability transformations.

Doomed to Grow?

The report provides insights into how the dominant ways of thinking about growth have taken shape and become entrenched: What has changed over the decades? And what might the future look like? Finnish discourse is also placed in the broader context of international societal and scientific debates, as well as global shifts in the operating environment.

Projects

Using economic instruments for sustainable behaviour change

Even though economic instruments for sustainability purposes have long been implemented in the national policies across the Nordics, their effectiveness remains understudied. This project evaluates the effectiveness of environmental taxes and charges in shifting behaviours of consumers and producers towards a more sustainable direction in the Nordic countries.

MERGE: Building economic policies beyond GDP

Despite being an established indicator of economic growth, GDP is debated to overlook the true essence of citizens’ quality of life and overall wellbeing. This project aims to improve knowledge on indicators beyond GDP, alternative and more sustainable policy options, and scenarios for a sustainable future.

Navigating impactful R&I policy and technology neutrality

As technological breakthroughs can play a critical role in addressing societal challenges, research & innovation (R&I) policy needs to shift the focus from merely appreciating the inherent value of technology development to exploring how they can be harnessed for achieving key societal goals. This project aims to produce a knowledge base to ensure Finland’s R&I policy is strategically impactful while remaining supportive of emerging technologies.

People

Themes