Doughnut Economics

Kate Raworth

4.2 average·1 review

320 pages · Published 2017

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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 Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.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 ideas--from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science--to address this 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.

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Reviews

4.2 average· 1 review

Novelust user

Apr 29, 2022

5.0

5 stars for the concepts in this book that have rewired my brain and radically (in the best way) shaped my worldview. For those not loving late stage capitalism, who question the plausibility of endless population + stock market growth, who worry about themselves, our planet, and future generations, Kate’s frameworks may be exactly what you’ve been looking for. Sorry not sorry to the dozens of random people on the internet to whom I’ve commented, “sounds like what you’re looking for is donut economics! 💃🏼”. 😂 On the flip side, 2 stars for book editing. Truth be told, I didn’t finish this book. It is, at its core, still a book about economics. It suffers from writing to its peers (economists writing to other economists), rather than distilling concepts to the general population. Which is perhaps exactly where it needed to start. Now, it needs a marketing minded person to translate the core concepts into verbiage that’s easy as pie to understand and pass on. It is sad, but telling, that this book received so many accolades - book of the year at Forbes, Financial Times, best book for CEOs, etc - and since its debut, CEOs have not changed their destructive ways, despite having a better model for humanity. It will take the general population learning there’s a better way, and forcing it in place.