Doughnut economics : seven ways to think like a 21st-century economist
Kate Raworth (Author)
Economics is broken. It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures. Can it be fixed? In Doughnut Economics, Oxford academic Kate Raworth identifies seven critical ways in which mainstream economics has led us astray, and sets out a roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet. En route, she reconstructs the character of 'rational economic man' and explains what really makes us tick. She reveals how an obsession with equilibrium has left economists helpless when facing the boom and bust of the real-world economy. She highlights the dangers of ignoring the role of energy and nature's resources -- and the far-reaching implications for economic growth when we take them into account. And in the process, she creates a new, cutting-edge economic model that is fit for the 21st century -- one in which a doughnut-shaped compass points the way to human progress. Ambitious, radical and rigorously argued, Doughnut Economics promises to reframe and redraw the future of economics for a new generation. -- Back cover
viii, 372 pages : illustrations ; 25 cm
9781847941381, 9781847941374, 9781847941398, 1847941397, 1847941370, 1847941389
974194745
Who wants to be an economist?
Change the goal: from GDP to the doughnut
See the big picture: from self-contained market to embedded economy
Nurture human nature: from rational economic man to social adaptable humans
Get savvy with systems: from mechanical equilibrium to dynamic complexity
Design to distribute: from "growth will even it up again" to distributive by design
Create to regenerate: from "growth will clean it up again" to regenerative by design
Be agnostic about growth: from growth addicted to growth agnostic
We are all economists now