Topic
Economy
Commentary
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.
New Economic Thinking (NET) aims to design an economy fit for the 21st century, challenging neoliberalism and exploring alternative models such as green, feminist, and solidarity economics. NET promotes policies that serve both people and the planet. It fosters collaboration and offers tools for building fairer, more sustainable economies.
Publications
The policy brief provides a roadmap for the EU to reform its economic policies and leverage digitalisation for a regenerative digital economy, ensuring the just allocation of digital goods and the equitable distribution of their benefits.
Over the last few years, the transition to a sustainable future has increasingly started to determine the direction of society and the economy — most notably through investments in new technologies and real capital. However, how can we make these investments matter if we lack the skills to utilise and develop them?
In this publication, we suggest that the premises of our economies are in flux, requiring the state to take on a new role in governing the economy: the role of the orchestrator. An orchestrating state conducts its economic policy by closely working with its key stakeholders to achieve explicitly and democratically defined goals.
Projects
In a world marked by interconnectedness, Finland recognises the importance of comprehensive security in ensuring the wellbeing of its society. As Finland sets its sights on a carbon-neutral circular economy by 2035, it becomes crucial to explore the security implications of this transition. This project aims to shed light on…
Demos Helsinki, ETLA and SYKE are collaborating to study the impact of climate change on public finances on a national and regional level in Finland and to build a framework that improves public finance assessment. The public sector plays a key role in tackling climate change as a regulator,…
Demos Helsinki has supported the Finnish Ministry of Employment and Economic Affairs to build the conditions for the launch of Finland’s competence centre for social innovation in 2023. The final report was published in November 2022. EU increases commitment to social innovation initiatives Social innovation is increasingly attracting the attention…
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…
Anna Mäkituomas
Anna believes in the power of narratives in shaping organizations and societies. She has a master’s degree in theology with a specialization in philosophy and is now working on a bachelor’s degree in technology and information networks at Aalto University. Theology taught her empathy in the face of deep disagreements,…
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…
Otso Sillanaukee
Otso aims to ensure that Demos Helsinki is focusing on the right questions related to people and organisations’ agency in building a fair, sustainable, and joyful next era. His accountabilities include identifying impact opportunities, ensuring projects run smoothly towards their goals, and supporting the team’s wellbeing and motivation to tackle…
Julia Jousilahti
Julia is a social scientist working in Demos Helsinki’s Emancipatory Economy team. As the economy is a man-made system and not a force of nature, Julia is convinced we can build a better economic system – one that admits the fundamental interconnectedness with nature and guarantees the basic assets of…
Johannes Nuutinen
Leading societal transformations is no easy task that we have chosen here at Demos Helsinki. It requires constant strategic planning and new initiatives. Luckily, Johannes brings clarity to all the ambiguity surrounding half-drawn visions of impact. This means finding the relevant concrete steps to implement new forms of collaboration or…
Oona Frilander
Oona Frilander (M.Econ.) is a senior consultant at Demos Helsinki. She works to understand long-term societal change and rapid transformation of private, public and third sector organizations’ operational environments. Her expertise lies in strategic foresight and cross-sectoral partnerships for solving societal challenges. Oona is also is a lecturer through the…
Roope Mokka
Roope is all about the future. For many the future seems scary, but where some see problems Roope sees solutions. He has an exceptional mindset to see the pathway for societal transformation. He gathers impactful alliances through various fields to work together with a shared goal. Whether it is learning…
Themes
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What if: Mental health through transforming the economy
June 27, 2023
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.