On the macroeconomics of transition and the search for clarity

Published 2024 – As part of the Earth4All project, collaborators have submitted deep-dive papers to delve further into the issues and solutions needed to transform our economic system and provide an equitable future for all on a finite planet. 

This is the second paper in a series of three on the concept of a universal basic dividend (UBD), authored by Ken Webster. This paper aims to provide clarity on the implications of grounding a UBD in ethical and moral considerations, as well as to explore how a UBD fits within current macroeconomics, especially fiscal and monetary systems. For example, the author examines how redefining a government’s approach to money could pave the way for an earlier and more impactful implementation of UBD, using insights from Modern Monetary Theory (MMT). 

Author: Ken Webster

Download Publication

Other Publications

Rewiring finance for transformative innovation

Rewiring finance for transformative innovation

04 December 2025 - This report, developed with the EIB Institute, sets out how Europe can reconfigure finance to support transformative innovation – the kind needed to respond to interconnected ecological, social and economic crises. It argues that today’s financial...

Young person’s guide to storytelling

Young person’s guide to storytelling

25 November 2025 - Published 2025 – The ‘Young person’s guide to storytelling’ from The 50 Percent (a platform for young leaders supported by The Fifth Element and The Club of Rome) is a practical and accessible guide that helps young people understand how...

Understanding China

Understanding China

24 November 2025 - This book offers a long-overdue, balanced and objective perspective on China’s transformation from a constrained economy in the late 1970s to a leading global power in 2024. It examines the political motivations behind China’s rise through a...

Club of Rome Logo