Economy & Finance
Doughnut EconomicsDoughnut Economics

Doughnut Economics

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Kate Raworth

The chapter explores the limitations of traditional economic models, emphasizing their failure to account for real-world complexities. It critiques the oversimplified assumptions of equilibrium and Rational Economic Man, highlighting their role in perpetuating inequality and environmental harm. Historical examples, such as the 2008 financial crisis and the flawed Kuznets curve, demonstrate the dangers of relying on outdated theories. The text advocates for a shift toward systems thinking, emphasizing feedback loops, circular economies, and innovative solutions like the Bangla-Pesa. It underscores the need to move beyond GDP as the sole measure of progress and challenges the obsession with perpetual growth, proposing alternative strategies like demurrage and sustainable design to create a more equitable and environmentally conscious future.

clock19 min
bite8 Bite
target Perspectiva

¿De qué trata?

Economics is often seen as a science of growth, but this book challenges that notion by exploring its deeper flaws and overlooked complexities. From the 2008 financial crisis to rising inequality and climate change, it examines how outdated models and assumptions have shaped our world—and why they no longer suffice. By weaving together systems thinking, innovative solutions like the Doughnut model, and real-world examples, it reimagines economics as a tool for sustainability and equity. This is a call to rethink progress, moving beyond perpetual growth toward a balanced and just future for humanity and the planet.

Resumen del libro

Kate Raworth is a senior visiting research associate at the University of Oxford’s Environmental Change Institute. A self-declared renegade in the economics profession, Raworth’s work is focused on social, economic and environmental sustainability in the twenty-first century. Named by the Guardian newspaper as one of the top ten tweeters in her field, she has presented her ideas to everyone from the UN General Assembly to the Occupy movement.

The chapter explores the limitations of traditional economic models, emphasizing their failure to account for real-world complexities. It critiques the oversimplified assumptions of equilibrium and Rational Economic Man, highlighting their role in perpetuating inequality and environmental harm. Historical examples, such as the 2008 financial crisis and the flawed Kuznets curve, demonstrate the dangers of relying on outdated theories. The text advocates for a shift toward systems thinking, emphasizing feedback loops, circular economies, and innovative solutions like the Bangla-Pesa. It underscores the need to move beyond GDP as the sole measure of progress and challenges the obsession with perpetual growth, proposing alternative strategies like demurrage and sustainable design to create a more equitable and environmentally conscious future.

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Todos los bocados
bite8 Bites

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Rethinking Economics: Beyond the Circular Flow

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Redefining Human Nature in Economic Theory

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Rethinking Economics: From Equilibrium to Systems

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Rethinking Inequality: Innovative Solutions for Economic Resilience

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Redesigning Economies for a Sustainable Future

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Rethinking Growth: Building Sustainable Economies

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