Gresham College provides outstanding educational talks and videos for the public free of charge. There are over 2,500 videos available on our website. Your support will help us to encourage people's love of learning for many years to come.
‘Hyper-globalisation’ and the power of finance culminated in the global financial crisis of 2008 that was potentially as severe as the Great Depression. The outcome was not public spending but austerity that hit the poor and Quantitative Easing that benefited the assets of the rich. The result was inequality and precarity, with barely any improvement in the standard of living for most by the time Covid hit. What signs are there of a much-needed transformation in attitudes to the economy?
As we build on the economic recovery from COVID-19, we need to put our people and our purpose at the heart of financial and professional services to rebuild a more sustainable and inclusive economy - investing in better.
Does nature have a universal value? Can we consider natural capital as equivalent to financial capital? This lecture gives a brief history of value, exploring the similarities between historical arguments as to why the value of housework and nature are not reflected either in theory or in the system of national accounts and GDP. It will explore the difficulties with putting a value on nature, for example trying to make meaningful estimates of what contribution water makes to our lives.
How can we help human society flourish without destroying nature? The Wellbeing Economy and Natural Capital are linked strategies that can help achieve this. The Wellbeing Economy provides design principles to ensure that our planet serves both humanity and the planet’s ecosystems. Natural capital provides design parameters to track the quality and quantity of ecosystems and resources, including the invisible value of nature.
International negotiations concerning our environment such as on climate and biodiversity, often put the scientific case behind economic and political interests, with potentially disastrous consequences. What does that mean for human prosperity and even survival?
There is a seismic shift underway in economics, hastened by the aftermath of the Covid-19 pandemic. Communities and countries around the world are beginning to adopt/consider adopting well-being and prosperity as major guiding principles.
The baby boomers have accumulated assets and have generous occupational pensions. Should they pass these assets to their descendants, with the risk of growing inequality, or should they be taxed to benefit society as a whole? Is inheriting morally dangerous? Or are inheritance taxes theft?
How has Covid-19 re-shaped our ideas about what we owe society? The lockdown has had a terrible impact on the economic prospects of young people, and the elderly have suffered from high mortality in care homes.