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

Category: Book
By (author): Raworth, Kate
Subject:  BUSINESS & ECONOMICS / Economics / Macroeconomics
  BUSINESS & ECONOMICS / Environmental Economics
  NON-FICTION / General
  POLITICAL SCIENCE / Globalization
  POLITICAL SCIENCE / Public Policy / Economic Policy
Audience: general/trade
Publisher: Chelsea Green Publishing
Published: March 2017
Format: Book-hardcover
Pages: 320
Size: 9.00in x 6.00in x 1.00in
Our Price:
$ 39.95
Availability:
In stock

Additional Notes

From The Publisher*

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Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.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.

Review Quote*

Publishers Weekly-

"This sharp, insightful call for a shift in thinking from economist Raworth posits that a long-overdue intellectual revolution has finally begun. According to her, the established model of economic thought no longer satisfies economics students, who are calling out for change; the education they're receiving is out of pace with current economic realities. To formulate a better model, Raworth reversed the way she'd previously looked at economics. Rather than relying on established truisms, she laid out long-term goals for humankind and worked to figure out how economic thinking would allow us to achieve them. The result is a diagram consisting of a series of rings around a hollow center-the titular doughnut. Raworth places a 'safe and just space for humanity' in a ring between a social foundation and an ecological ceiling, leaving human deprivation and planetary degradation, respectively, in the doughnut ‘hole' and outside the doughnut. The plan to move forward consists of seven ideas, such as shifting the goal of economists from addressing financial to humanitarian concerns, recognizing ecology as a significant factor in economic growth, responsibly redistributing wealth, and so on. This is a highly optimistic look at the global economy, and Raworth's energetic, layperson-friendly writing makes her concept accessible as well as intriguing."

Review Quote*

"I read this book with the excitement that the people of his day must have read John Maynard Keynes's General Theory. It is brilliant, thrilling, and revolutionary. Drawing on a deep well of learning, wisdom, and deep thinking, Kate Raworth has comprehensively reframed and redrawn economics. It is entirely accessible, even for people with no knowledge of the subject. I believe that Doughnut Economics will change the world."-George Monbiot, author; columnist at The Guardian

Review Quote*

"This is truly the book we've all been waiting for. Kate Raworth provides the antidote to neoliberal economics with her radical and ambitious vision of an economy in service to life. Given the current state of the world, we need Doughnut Economics now more than ever."-L. Hunter Lovins, president and founder, Natural Capitalism Solutions

Review Quote*

"What if it were possible to live well without trashing the planet? Doughnut Economics succinctly captures this tantalising possibility and takes up its challenge. Brimming with creativity, Raworth reclaims economics from the dust of academia and puts it to the service of a better world."-Tim Jackson, author of Prosperity without Growth

Review Quote*

"Can anyone seriously suppose that today's economic orthodoxies are going to bring the world back from the brink of chaos? We need to fundamentally rethink the way we create and distribute wealth, and Kate Raworth's Doughnut Economics provides an inspiring primer as to how we must now set about that challenge. I hope it ushers in a period of intense debate about the kind of economy we now so urgently need."-Jonathon Porritt, author of The World We Made; founding director, Forum for the Future

Review Quote*

"Not long ago, well-known development economist Kate Raworth's Doughnut graphic became an overnight sensation. Now this marvelous book clearly and succinctly explains her re-envisioning of the economy. On a bookshelf crowded with attempts to reframe economic thinking and the way forward, this book stands out-brilliantly."-Juliet Schor, author of Plentitude

Review Quote*

"Economics rightly is under the microscope. Kate Raworth's insightful Doughnut is what every budding economist should see when they first peer down the lens."-John Fullerton, founder and president, Capital Institute