Topic
Economy
Commentary
What if solving the mental health crisis requires transforming the economy itself? Here, we challenge the conventional focus on individual treatments and call for a systemic shift towards addressing the socioeconomic drivers behind mental health issues.
The wellbeing economy offers a new framework for governance, with wellbeing as the core objective for policy. Despite its potential, governments struggle to integrate wellbeing into governance effectively. Demos Helsinki’s work identifies key principles – participation, evidence, measurement, and long-term investments – to bridge the gap between purpose and practice, shaping a governance framework that places human and planetary wellbeing at the heart of economic strategy.
Finland pioneered a governance model for the wellbeing economy, integrating social and planetary wellbeing. Its approach involves broad stakeholder involvement and political prioritization. To implement it elsewhere, countries must tailor localized governance models. Finland’s experience highlights the importance of holistic, multi-stakeholder approaches and integrating ecological goals into policy frameworks.
The Humble Timber alliance, a 9-actor collaboration in Finland, identified key barriers to timber construction, proposed solutions, and delegated responsibilities to accelerate carbon-neutral building. By fostering cross-sector cooperation, they addressed demand, supply, governance, and skills challenges, aiming to scale timber use in construction and promote sustainable urban development.
Timber buildings offer a sustainable solution to decarbonizing construction. The Humble Timber alliance, led by Demos Helsinki, brings together key stakeholders in Finland’s building industry to address challenges in transitioning to carbon-neutral construction. By fostering collaboration and identifying shared goals, the alliance aims to overcome barriers like the supply-demand dilemma and promote timber as a competitive and sustainable building material for the future.
Publications
We have managed to fulfil the basic needs of almost all Europeans, yet we have not abolished the sense of deprivation that people feel. This publication provides three transitions to set out a new direction for a successful EU.
We believe that smart-ups create the success stories of the future. This Futures Brief helps us to think, act and develop like a smart-up.
In the discussion paper, we set out to explore what the main opportunities and concerns that accompany the Fourth Industrial Revolution for policymaking and knowledge systems are particularly in middle-income countries.
Projects
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.
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.
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
Sahib Singh
Sahib spends his time at Demos Helsinki’s preoccupied by just democratic futures and global governance. At the moment he won’t stop nattering about the need to think systemically and critically about democratic innovations, the political economy of global governance institutions and modes of effective alliance building. At his best, Sahib’s…
Theo Cox
Theo is our first port of call for all things heterodox economics and political economy, although, when pressed, he’ll quietly admit to an education as a more traditional economist. In recent years, he’s developed particular expertise around global polycrisis and what this means for systemic transformation; in an organisation fighting…
Anna Björk
Anna is a political scientist whose academic love affairs include research on political concepts, societal impacts of emerging technologies, and temporality. Her current and upcoming research analyses societal transformations from the perspectives of the EU digital policy, contemporary social contracts, and inclusivity. Alongside doing research, Anna is also working closely…
Themes
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What’s going on with GDP? Rethinking economic success
March 7, 2025
For decades, GDP has stood unchallenged as the primary measure of economic success. As calls to move beyond GDP grow, two approaches have risen to prominence: supplementing it with broader measures, or abandoning it altogether to redefine economic success. What is the best path forward in the debate on GDP?