Seven Ways to Think Like A 21st Century EconomistBook - 2017
Argues that the economic system is dangerously out of date and proposes seven key ways to bring it into the twenty-first century by breaking the addiction to growth, making money and commerce serve people, and creating regenerative economies.
Chelsea Green Publishing
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Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.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.
Writing in plain language with a sense of humor for undergraduates and general readers, ‘renegade economist’ Kate Raworth (Oxford University’s Environmental Change Institute; Cambridge Institute for Sustainability Leadership) points out the flaws in old economic models and presents new approaches for understanding the modern global economy. Her original doughnut model, made up of rings of goals for humanity, de-emphasizes the importance of economic growth, and instead prioritizes an environmentally and socially sustainable, regenerative, distributive economy that is intended to serve people and society. The book’s visual approach offers b&w photos and illustrations, sometimes humorous, to explain complex concepts. The appendix lists the 12 social priorities specified in the UN’s 2015 Sustainable Development Goals, which underlie the doughnut model. Annotation ©2017 Ringgold, Inc., Portland, OR (protoview.com)