Topic

Economy

Commentary

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.

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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…

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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…

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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…

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The world’s most ambitious circular economy program

The Ministry of the Environment together with the Ministry of Economic Affairs and Employment published a proposal for a national strategic circular economy program for Finland. Demos Helsinki participated in building this ambitious program by supporting the communication and interaction work. This post presents our three key remarks: 1) the…

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Letter: Results of Finland’s Basic Income Experiment Will Help Us Build the Post-Pandemic Society

It all started as a curiosity in 2015. Now, the whole world is looking into universal basic income to stimulate the economy. The timing of Finland’s basic income experiment results could not have been better. But what can we learn from it when reimagining the post-pandemic economy and society?  It…

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Publications

Sufficiency in Everything — Understanding and living within the limits of “enough”

Finland, like all countries of the Global North, is currently dependent on economic growth. Yet future growth may be very limited and uncertain – and decoupling it from increasing environmental harm will not be easy. Could the principle of sufficiency help us navigate towards better futures?

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A framework for democratic AI governance

This policy brief focuses on short-term action (2026-2028) around AI governance and provides practical guidelines for experts and policymakers. It introduces a framework that embeds democratic pillars — participation, freedom, equality, transparency, knowledge, and the rule of law — directly into the entire AI lifecycle.

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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.

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Projects

SISU: Sufficiency solutions for a resilient, green and just Finland

How can we secure societal wellbeing and sustain the promises of the welfare state in a world where economic growth is limited or even cools down? Sustainability rooted in sufficiency, rather than growth, can reshape businesses, the economy, and societal wellbeing.

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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.

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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.

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People

Themes