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The New Economics Foundation
Abbreviation NEF
Motto Economics as if people and the planet mattered.
Formation 1986
Type ecological economics public policy think tank
Headquarters 3 Jonathan Street, London, United Kingdom
Executive Director

Policy Director

Director of Operations
Stewart Wallis

Andrew Simms

Elna Kotze

The New Economics Foundation (NEF) is an independent British think-tank[1].

NEF was founded in 1986 by the leaders of The Other Economic Summit (TOES) with the aim of working for a "new model of wealth creation, based on equality, diversity and economic stability". [2]



NEF works in the areas of community, democracy and global economy. A number of the ideas advanced by NEF have become public policy. NEF has for example promoted the spread of time banks and NEF's work on sustainability indicators, which measures aspects of life and environment, has fuelled a trend attempts to map how economic growth and sustainability are connected.[3]

From 1995 to 2000 NEF made social audits of companies to measure and evaluate a company's social and ethical performance according to their standards. This work was instrumental in the formation of the Institute of Social and Ethical Accountability to promote professional standards around social accounting and auditing.[4]


Quality and impact measurement

As a result of work carried out between 2002 and 2006 as part of the EQUAL Community Initiative, NEF produced a guide to quality and impact measurement tools for the third sector, called Proving and Improving. It has been instrumental in developing one of the tools examined, Social Return on Investment (SROI), which is most often used to bring non-monetary impacts of social enterprises into a cost-benefit calculation.

Jubilee 2000 campaign

The Jubilee 2000 campaign, strategized for and run by NEF,[5] collected 24 million signatures for its worldwide petition on development and poverty.[6]

Local Money Flows

The Local Multiplier 3 tool was developed by NEF's Local money Flows measurement program and enables the mapping of money flows through the local economy.[7]

Happy Planet Index

In July 2006, NEF launched the Happy Planet Index, intended to challenge existing indices of a state's success, such as Gross Domestic Product (GDP) and Human Development Index (HDI).


"IC100 will show that even the more disadvantaged inner cities are not the enterprise 'no-go' areas of the past, but the investment opportunities of the future."

Gordon Brown MP (Labour), speaking of their index of firms promoting inner city development.


James Robertson, a British economist, and Alison Pritchard, a Schumacher Society Council member, helped to set up The Other Economic Summit (TOES) and NEF.[8]. Ed Mayo was Chief Executive from 1992 until 2003.[9]


NEF is a registered charity and is funded by individual supporters, public finance businesses and international grant-giving bodies.[10]


Publications include:

See also


External links

This article uses content from the SourceWatch article on New Economics Foundation under the terms of the GFDL.


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