A Financial Times "Best Book of 2017: Economics”
800-CEO-Read“Best Business Book of 2017: Current Events & Public Affairs”
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Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.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 ideasfrom ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems scienceto 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.
|Publisher:||Chelsea Green Publishing|
|Product dimensions:||6.00(w) x 9.00(h) x 1.00(d)|
About the Author
Kate Raworth is a renegade economist focused on exploring the economic mindset needed to address the 21st century’s social and ecological challenges. She is a senior visiting research associate and advisory board member at Oxford University’s Environmental Change Institute and teaches in its masters program for Environmental Change and Management. She is also senior associate of the Cambridge Institute for Sustainability Leadership and a member of the Club of Rome. Over the past 20 years Raworth has been a senior researcher at Oxfam, a co-author of UNDP’s annual Human Development Reports and a fellow of the Overseas Development Institute, working in the villages of Zanzibar. She is also on the advisory board of the Stockholm School of Economics’ Global Challenges Programme and Anglia Ruskin University’s Global Resource Observatory. Kate lives in Oxford, England.
Table of Contents
Who wants to be an economist?
1. Change the goal
from endless growth to thriving in balance
2. See the big picture
from self-contained market to embedded economy
3. Nurture human nature
from rational economic man to social adaptable humans
4. Get savvy with systems
from mechanical equilibrium to dynamic complexity
5. Design to distribute
from ‘growth will even it up’ to distributive by design
6. Create to regenerate
from ‘growth will clean it up’ to regenerative by design
7. Be agnostic about growth
from growth as a must to growth as a maybe not
We are all economists now
Annex: The Doughnut and its data
Most Helpful Customer Reviews
It is a must-read book that we should all read, as we all participate in global economic activity in one way or another. Valuable information is presented by a large number of collaborators, academics, university students, corporate executives and scientists, whose discussions were taking shape in this keen proposal presented by the author. Although the economy dominates most of the human spheres, however the educational texts of the same have not been updated in 70 years and is based on the theory of 1850, which is destructively impacting society and the planet. Kate Raworth proposes a new economic theory based on humanity long-term goals, which considers a critical human deprivation, social foundation, ecological ceiling and critical planetary degradation, where one can find a well-being space for humanity and the nature of the planet . She presents this model using the power of visual framing, drawing a diagram representing the jump of the 7 main thought forms of the 20th century towards the new proposals for the 21st century economics. The author bases her theory on an extensive research of diverse cutting-edge currents of thought and progressive and innovative schools, and she presents its convergences to integrate them towards a new economic model, that before the challenging context that we face and our values, serves better to our purposes. My gratitude to the Publisher and NetGalley for allowing me to review the book