Category Archives: Economic Models

We are living longer, even despite social and economic disparities in society. We are retiring later and some individuals are not seeking to retire at all. A trend to longer, healthier lives means that there is more experience and energy that older people can offer than ever before. (You can see an Office of National Statistics report on retirement age from 2012 here…Ed.)

As a society do we value the mature contributor? Do we capitalise on the learning and earning capacity of this age cohort? Jonathan Collie thinks not. He is looking to raise enough funds to hold a conference on ‘The Age of No Retirement‘ on the 1st to the 6th October, 2014.

‘…‘The Age of No Retirement?’ is Britain’s first ever national conference to debate & revalue our opportunities in retirement. Gathering experts, policy makers, key stakeholders and the public we will explore retirement and the opportunities we can provide in an ageing, technological and engaged society’.

It is planned that the first two days of the proposed conference will look at, debate and construct visual outputs and nascent policy proposals around some key themes…

  • Work & employment
  • Ageism & prejudice
  • Health & well-being
  • Technology & communication
  • The plus-50 consumer
  • Self, family & society
  • Knowledge & education

After a closed day of consolidation and publication there will be a public, three day open event for the review of, and a wider consultative approach to, the work and its outcomes.

 Give to this project on KickStarter Help fund this important event on ageing here…

The Collie manifesto on ageing has it’s own practical outcome too. Jonathan founded, and has gained wide support for, a new social business called Trading Times.

The project connects local employers with mature workers who are often retired, single parents or carers. They may not need a full-time job, but can offer a wide range of skills to interested employers.

interneticon  You can discover how Trading Times works here

We think this is an important debate. Not only because the conversationsEAST office is a ‘no-retirement’ zone, but because the potential contribution of this section of society is untapped. Trading Times is not the only player in town, but could provide an economic model that works well for the mature employed.

Why not a Trading Times hub in every RSA region? (It’s not immediately obvious from the web site, but we suspect that TT is a London centric initiative at present…Ed.)

In conclusion, the Age of No Retirement constitutes a move to an important new social shift. Support it, whatever your age, as the outcomes may condition the whole life contribution you can make. Wherever you are on your journey now.

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Today sees the launch of a new RSA report, generously sponsored and in collaboration with British LandSocially productive places – Learning from what works: lessons from British Land – born out of an earlier RSA conference.

Social productivity is the additional social value that can be created through better relationships between citizens, society, business and public services…

The report is a long letter to developers, communities and planners, essentially pleading the case that ‘…long term property value is driven by the long term economic relevance of an asset’.

sociallyproductiveplacescoverpic-mA socially productive place would build community capacity to benefit from and drive growth, and increase resilience to shocks and give an ability to adapt to new circumstances. This is not a new idea. The evidence in the report tracks community development progressive initiatives from early EU regional funding to the New Deal for Communities.

What is new, perhaps, is the tight focus on new skill acquisition by all partners and a fresh focus on method and delivery for impact. The same refocus is taking place in the community finance sector, where the ‘impact investor’ and how outcomes are mapped and delivered is a priority for funders, project planners and community partnerships. The report exercises this viewpoint well.

pdfIcon4   Download a complete copy of this report here…

(As an example of this new social finance mode of delivery see how Social Enterprise East Midlands worked in collaboration with Big Society Capital to deliver an informative and effective mapping session for politicians, social bankers and financial intermediaries in this new sector. See more here…Ed.).

The RSA Report also shows how private capital is developing both it’s land bank and its ideas with impact in mind. The report references brands such as Asda ‘... adopting a ‘community venturing’ approach, forming partnerships with charities and public services‘.

Discover more about shopping for shared value and community venturing in a recent edition of Matthew Taylor’s blog – read more here.

Planning should be thought of as a front-line service.

The success of a development should be judged by its impact on those who use it and its ability to contribute to a broader set of social and economic outcomes, the report declares. Building high quality public realm is expensive, but, says the report, privatising public space is not the answer.

Accessible public realm is an important feature of social productivity places – places designed to support social and economic connectivity. When built, the people must come.

To achieve the above, then there are a number of often new issues to wrangle with for key players in the development process. Investing in community relationships, by any mature, established corporate entitity requires agility and commitment. The report focuses on three key elements…

  • Successful community investment takes time and effort by developers, including long term consistent representation, engagement by senior executives and dedicated staff.
  • Local political support is essential, site specific planning frameworks are not.
  • The results for developers can be profitable as quality of public realm drives rents, and local consent for density allows greater floorspace yield from a site.

The Cambridge sub-region:

One of our own sub-regional cities features in the report too. Cambridge, which quietly broke out of green-belt constraints in the 1990’s, created new communities and growth areas. These well designed and built communites, although having offered an increase in take up of local services were less successful, the report indicates, in increasing employment in those new communities. They have, however, increased pressure on transport links.

As universities become ever increasing drivers of economic development, then local areas should increasingly consider graduate retention as an important part of their
social and economic development thinking, the report highlights.  Working with both universities and developers to pursue this goal should be a strategic priority for the future. Certainly a key development driver for Cambridge, being the world class research nexus that it is.

Finally, the report gives readers examples of non-linear, non -traditional development models which utilise public spaces for community benefit in innovative ways.

One such featured is Incredible Edible – whose growth has been achieved by by-passing bureaucratic processes, ‘…which rely on a narrow account of how value is created and maintained’.

interneticon  Discover the Incredible Edible Network here – just one of the great things to come out of Yorkshire…

In summary, this is an important paper, which whilst containing no ravishing new insights or philosophy, should score very, very highly with the community development sector in the way that it brings together, in a new meld, a variety of distinct skill sets to map a new way forward  for developers, planners, politicians and community groups.

You can still find the content of the original conference, and the papers presented by a list of distinguished speakers here, on The RSA web site.

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Leaving the opera in the year 2000!

Leaving the opera image
Image: Albert Robida, 1882 – The Public Domain Review, 2014

 

 

 

 

 

 

 

 

 

A wonderful vision of city and cultural life, imagined in 1882. Even in the 21st century it is hard to contemplate leaving a cultural event in a city, stepping into your floating air carriage and drifting off home in ease and solitude.

Even after the most vigorous Tannhauser at the interneticon Royal Opera House, a trip on the Northern Line to return to the solace of High Barnet bears no comparison.

We have not given up on the city yet, though.

Our recent Fellows Annual dinner in the East of England was held in the surroundings of interneticon Emmanuel College in Cambridge.  Dating from 1584, the original Dominican Priory has been embraced by later buildings, yet Fellows were able to hear an entertaining and informative after dinner talk by Matt Lane, Head of the Royal Opera House site at Thurrock, the interneticon Bob and Tamar Manoukian Production Workshop, where ROH productions are built and delivered to cities.

The conversation also ranged across the occasion of the region’s forthcoming conference at the University of East Anglia. The programme for which includes Norwich Fellows session on Empowering Invisible Norwich and another on What is a Learning City? So although we will not arrive by hover car, the idea of the city will continue to echo.

Extending the city:

Writing just before the start of this century Peter Hall, in his book Cities in Civilisation – Culture, Innovation and Urban Order ( Weidenfeld & Nicholson, London, 1998) was minded that…

At the turning point between the twentieth century and the twenty-first, a new kind of economy is coming into being, and a new kind of society, and a new kind of city: some would say no city at all, the end of the city as we know it, but they will doubtless prove wrong…

Hall goes on to develop his argument about societal change and stresses the enormous impact of technology on urban dwellers across the globe. This is true, but the forecasts of the end of the city have proved somewhat premature.

In fact, the building, or extending of cities, continues to be a hot political issue. For the forthcoming report by Sir Michael Lyons there is an indication that he will recommend that cities should be allowed to expand at their edges, a return to the New Town concept perhaps. With councils free to borrow and invest in house building and bringing reform of land release for house building to the table.

This latter point outlines how strong the the High Victorian concept of urban spread as an entirely bad thing remains. Surely the point is what sort of urban extension or city growth you achieve. We must not build urban ‘rookeries‘, or blanket ‘Bedford Brick‘ box extensions across acres of green fields either, we would argue.

Land release for social housing or city corporation development will be a thorny issue for private landowners, what ever the political persuasion of the originating idea, we suspect. You can see this debate outlined in more detail in a recent article from Patrick Wintour in The Guardian here.

Farming the city:

Using existing infrastructure in conurbations for innovative purposes is immensely appealing. Using it to farm, to develop new urban and social businesses based on food, new flowers and green space cultivation is a great way to deliver new skills, better diets and employment into communities, we would argue at conversationsEAST.

Robida in 1882, or Hall in 1998, could not have imagined the Massachusetts Institute of Technology  interneticon MITCityFARM project.

 “As part of the City Science Initiative at the MIT Media Lab, we explore the technological, environmental, social and economic design of scalable systems capable of producing affordable and high quality food in the heart of our future cities”.

If you have an interest in this green aspect of the debate an on-line visit to MIT is worth it. The MITCityFARM team are working in three key areas.

  • Re-thinking the ‘grow it there, eat it here’ agenda
  • reviewing the ‘urban infrastructure facade’
  • developing global open access course-ware, to make knowledge about agriculture available to all.

In the East of England, the agricultural heartland of the UK, arguably, there must be Fellow’s projects that can be blended into delivery of vertical gardens, rooftop farms or the reclaiming of industrial and derelict sites for community owned small holdings or gardens? (Write to the Editor, let us know, we’ll do a feature…Ed.)

The edge of the city, in the city garden:

A blending of  city growth concepts and urban farming/community greening agendas come together in the now, with the recent release of the short list for the interneticon Wolfson Economic Prize.

The Wolfson Prize team undertook research to see what sort of urban development was uppermost in people’s minds. The Garden City was by far the most popular ‘civic choice’ of growth mechanism. Simon Wolfson talks about the design choice in this short film below…

Consequently, the five prize shortlist contenders have been asked to submit designs for a new Garden City. You can see the individual practices in competition here.

In conclusion, maybe the time is now right. We have innovative thinking on edge development, an energised architectural sector with modern materials and community sensibility, coinciding with increased interest in city farms and Garden Cities from the civitas.

Who cannot have an optimistic view of our cities?

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The RSA Action and Research Centre have just published Salvation in a start-up? The origins and nature of the self-employment boom (Benedict Dellot, May 2014).

A collaboration between The RSA and Etsy, an on-line creative and craft market place, founded in New York in 2005, the report is part of a forthcoming series which…

examines what types of micro-businesses are becoming more commonplace? What has caused the large increase in recent years? And what effect are they having on the economy and wider society?

self employment 2014 cover pic
New markets, new people?

The report argues that the current economic landscape contains six tribes of self employment. The Visionaries, the Classicals, the Independents, the Locals, the Survivors and the Dabblers.

We at conversationsEAST would have liked to see a seventh category, or is it an overlay to do with motive for the existing players? That of the ‘socially motivated’ self employed. Whether a visionary at the top of the list or a part-time, older dabbler at the bottom, all may have begun their entrepreneurial journey with a passion to undertake an ethical, socially focused business or activity.

(There must be Fellows in the East of England who fit into this latter, socially motivated cohort, given the ‘societal change’ remit of our Society? – Ed.)

pdfIcon4 Download a full copy of this report in pdf format here...

The largest of the cohort surveyed were the Survivors. Earning less, and more likely to be younger. Whilst the argument for overwhelming market competition that forces this group to struggle to survive may be a good one, if viewed through a more ethical, social business lens, the lack of focus on personal income but rather on softer, less tangible social outcomes for an entrepreneur like this would also affect the findings too.

Another interesting focus in the report is the Happiness Paradox. The traditional view of self employment, it can be argued, is of an isolated, stressed individual who struggles to make ends meet. This rather cliched description is belied by other findings that suggest those who seek self employment are ‘…more content at work and happier in their lives’.

Stress there is, without doubt, but the RSA report highlights other academic research that sees the development of self employed enterprise as ‘…long periods of relative stability punctuated by critical episodes of transition and change’. The gains for the individual in life outcome are only punctuated by pains periodically. The management of change, or how to pivot the enterprise, is a key skill for the entrepreneurial micro-business, social or otherwise.

Do these finding matter? Yes they do. The RSA research findings offer a subtle and detailed analysis of self employment, its conditioning, content and motive. It disposes of the traditionally held viewpoint that older people, who are pushed or pulled into self employment, represent the core. When in fact, by age, motive and shades of effectiveness the position is more complex.

Does this affect our region? Yes it does. This focus on self employment, who by and how it is operated should condition the thinking of Fellows who are looking at projects involving education, social entrepreneurship, skills and sectoral growth in any field. Self employment is a conditional state. Entrepreneurship is about opportunity recognition and the philosophy of risk. The two are connected.

The ‘social business’, delivered by one or a group of entrepreneurs, wholly focused on social outcome is, we would argue at conversationsEAST, a sound model for sustainability of a project. What a great solution to economic change and development in communities – social entrepreneurs delivering innovative ethical business models over time.

Arguably, if the new report Salvation in a Start-up has rewritten the self employment landscape, combining it with social enterprise can re-write a community landscape? What do you think?

interneticon  See the report highlights in the Enterprise section of The RSA Action & Research Centre web pages here…

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A new indicator of human well-being and potential delivered, the Social Progress Index for 2014,  uses non-economic data to map the nations of the world and to determine their relative rank in achieving social progress. interneticon Discover it on-line here.

A recent article and the latest RSA Short focus on the issues of economic growth and how there are omissions in the singular pursuit of economic growth, as a proxy for the development of the human condition.

It is an interesting idea that there should be a non-economic proxy for human well-being, regularly and cogently calculated, which serves as a measurer of human development. The pursuit of which leavens the aggressive one-sidedness of capital by pivoting economic activity into a pursuit for human happiness.

Could the Social Progress Index be the proxy long awaited?

Poorer countries are often compared using to the UN’s Human Development Index, though this tends to be highly-correlated with GDP, with all the limitations that implies. One of the strengths of the SPI is that, by only using social and environmental indicators and excluding all economic measures, it is easier to compare how countries with similar GDP are doing relative to each other.
Matthew Bishop – The Economist

In this 2014 analysis the United Kingdom ranks 13th in the world in terms of the values subscribed to by the index. The top three world nations are New Zealand, Switzerland and Iceland.

The interneticon data clusters used for the index are divided across three main headings – basic human needs, the foundations of well-being and opportunity. The U.K. does well in global terms with regard to water and waste infrastructure for example, as to be expected, and has a good score on the opportunities available for individuals to change their lives. We do poorly on rankings around  equality and inclusion.

This short video compares and contrasts Gross Domestic Product outcomes with the SPI…

The new index is fostered by the Social Progress Imperative. A movement that subscribes to the goal of developing and guiding access to social investment ‘…which creates a shared language and common goals to align different organizations and achieve greater social impact’.  interneticon Find the Imperative on-line here.

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In this RSA Short for April 2014, Growth is Not Enough, Oxford economist Kate Raworth looks at the constantly heard economic mantra of growth. Is it all that needs to be in the economic outcome basket of results, despite the repetitious demands of politicians?

What should economies aim for is Kate’s key question? We recently published in our RSA East journal a short interneticon TED Talk by Harish Manwani, Chief Operating Officer of Unilever, where he stresses that brands, corporate business endeavour, can be a force for social change in communities. His take on growth was to stir in responsibiity to the fiscal admixture.

The Raworth argument pivots on the notion that un-mediated economic growth leads to deprivation, degradation and inequality.

Richard Wilkinson, one of the co-authors of The Spirit Level, gave a stirring TED Talk on inequality a couple of years ago. He effects to compare and contrast the data on major economies of the world and how inequality in societies affects the lives of millions.

interneticon  How Economic Inequality Harms Societies – well worth a look.

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Here at conversationsEAST we have gone USA! We have picked up the news that science crowd funding site, Microryza, has relaunched as Experiment.com

Although only functioning for U.S. researchers at the moment, the Experiment team do have plans to offer non-U.S. researchers the opportunity to call for investment on the site.

Begun by a group of young researchers, frustrated at budget cuts and an inability to link science research to interested investors, they have re-designed and relaunched Experiment.com as a result. Worth a look, just to test the concept.

The RSA also supports Fellow’s project through crowd funding too. Check out the RSA KickStarter page below.

Here at conversationsEAST we think that ethical, impact investing along the Experiment and KickStarter model has a powerful future too. We share the excitement of connecting researchers in the bio-tech, renewable energy sectors.

Renewables particularly, with a concept of initial demand, at launch, for capital infrastructure, followed by the development of a smooth, much lower cost, lower environmental impact production flow, is a model that will seriously challenge traditional business matrices in the mainstream energy sector for the next generation.

Lets call our conversationsEAST impact investment model PowerStarter.

Are there any Fellows out there in any sector ready to contribute to a  non-profit , web based project communication and investor linking bulletin board, a la Experiment?

Write to the conversationsEAST team and declare your interest. emailIcon4 Contact Us

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The short film below, from the TED talks series, is delivered Harish Manwani, the Chief Operating Officer of Unilever. It is not, perhaps surprisingly,  an advertisement for soup or soap.

Harish joined Unilever in 1976, rising up the corporate ladder, to his current eminent position. This talk seeks to add to the three basic tenets of growth, Manwani argues, which traditionally is built upon consistency, competitiveness and profitability, by adding responsibility.

The notion of adding social value as a contingent outcome with economic value is not new, but the telling of it by a key player in a world wide corporation is remarkable.

Manwani tells of the Unilever project, interneticon Shakti, which seeks to empower women in small business (..and to sell soap). But he argues with passion that science underpins his company’s activity, yet teaches millions about hygiene and hand washing as life saving activities.

‘A brand can be at the forefront of social change’ he says – this is a powerful argument for the interneticon Social Business model we think. Do you agree?

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News Desk image by Markus Winkler, Creative Commons, Unsplash...

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