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Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

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Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

Auteur(s): Kate Raworth
Narrateur(s): Kate Raworth
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Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times.

Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That's why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design.

Named after the now-iconic "doughnut" image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like.

Raworth handpicks the best emergent ideas - from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science - to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow?

Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

©2017 Kate Raworth (P)2017 Chelsea Green Publishing
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When Kate Raworth first sought to study economics she despaired at the misguided dysfunction of what our financial systems had become. I am inspired that she recognized the disease we call “growth” as an obstacle to the thriveable future we all desire and came back with remedies and, if enough people subscribe to her model of Doughnut Economics (aka growth-agnostic economics) we will certainly develop the cure.

As a vegan I see (in ways that many do not) the interconnected impacts of animal agriculture and the pressures on the 9 planetary boundaries that make that industry the greatest obstacle to finding the “safe living space for humanity.” I was encouraged to hear Raworth in the “What Possibly Could Go Right?” podcast that she found her personal transition to veganism logical and quite easy.

It is always a deeper experience to hear an author voice their own audiobook. Raworth gave life to her own words (she began her “About the author” with “Kate Raworth — that’s me! —“). Her rational tone motivates me to share her message, ESPECIALLY on audiobook.

Economics as a tool to balance global human impact?

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This book was a great read for those seeking a better way forward. An economic engine to back the better way. However, most of the book was a (albeit fascinating) history lesson on how we got to where we are now with GDP as our main mechanism among other beliefs in the economics community. The very end of the book spends only a few minutes explaining the doughnut theory. I wish she had spent more time there. Next book?

A history lesson on how we ended up here

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As someone with a PhD in economics who never felt comfortable with the fundamental assumptions of the field, and who cares about social justice and the environment, I found this book illuminating and inspiring. Kate Raworth gives what seems to me a good account of where standard economic theory went wrong and how problematic its policy prescriptions are, given the combination of growing economic inequality and environmental degradation we see all around us. She is a gifted teacher, providing many telling illustrations, such as the “cuckoo bird of GDP growth”, and also many interesting examples. She reads the book herself and does so in a very engaging way that makes you wish you had her as a teacher.

Excellent book for people who care about how economics, social justice and environmental sustainability are related

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This book made me think of our world in a totally different way. Much to think about regarding the plane landing.

different way to view the world

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This book provides an overview of what’s wrong with the current mainstream economic system and what the solutions could look like (including many real world examples). And it does all this while remaining interesting and relatable. No background of economic study necessary.

The economics book everyone needs to read

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loved it! I'm greatful for economists like Kate who are being the real superheroes of our planet.

exactly what you need to hear

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I listed to this book as a requirement ahead of my specialized MBA in Sustainable Innovation. It should be a requirement for all business students!

Everyone must listen

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the message was ok, but it was too academic. some interesting thoughts but still far from reality.

good ideas

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