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Doughnut Economics

Seven Ways to Think Like a 21st-Century Economist
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( 15,249 ratings, 1,666 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Doughnut Economics by Kate Raworth rethinks traditional economic models by proposing a new approach focused on balancing essential human needs with the planet's ecological limits. It introduces the concept of a doughnut-shaped framework that ensures no one falls short on life's necessities while avoiding ecological overshoot. The book advocates for sustainable and inclusive economic policies.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you are interested in exploring innovative economic models that challenge traditional thinking, emphasise sustainability, and promote social equity. It offers a fresh perspective on how economies can thrive within the planet's ecological limits.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

In Doughnut Economics, Oxford academic Kate Raworth presents a groundbreaking alternative to the conventional economic paradigms that have dominated for decades. Amidst unforeseen financial crises, staggering wealth inequality, and relentless environmental pressures, Raworth invites readers to rethink fundamental aspects of the economy. This timely book identifies the shortcomings of traditional economic thinking and introduces a bold new perspective designed to meet the challenges of the 21st century.

The book constructs its arguments around seven key principles challenging obsolete models, such as the fallacy of 'rational economic man' and the unsustainable lure of perpetual growth. Instead, Raworth proposes an economic model shaped like a doughnut - illustrating a balanced space where human needs are met without degrading our planet.

Structured thoughtfully, the book walks the reader through the pitfalls of status-quo economics and inspires with examples of innovative thinking. Raworth argues for building a future that caters both to human wellbeing and ecological sustainability. Framing economics within the context of modern challenges, she critiques current policies and provides actionable insights on how to develop an economy that benefits everyone.

This invigorating work is not just a critique; it’s a call to action for economists, policymakers, business leaders, and engaged citizens to collectively build an economy that serves humanity rather than exploiting it.

Doughnut Economics has been widely recognised for its daring vision and significant scholarly contribution:

The Sunday Times Bestseller
A Financial Times and Forbes Book of the Year
Winner of the Transmission Prize 2018
Longlisted for the FT/McKinsey Business Book of the Year Award 2017

Prominent voices have praised the book:

"The John Maynard Keynes of the 21st century." - George Monbiot, Guardian

"This is sharp, significant scholarship . . . Thrilling." - Times Higher Education

"Raworth's magnum opus . . . A fascinating reminder to business leaders and economists alike to stand back at a distance to examine our modern economics." - Books of the Year, Forbes

"There are some really important economic and political thinkers around at the moment - such as Kate Raworth's Doughnut Economics." - Andrew Marr, Guardian

"An admirable attempt to broaden the horizons of economic thinking." - Martin Wolf, Books of the Year, Financial Times

"A compelling and timely intervention." - Caroline Lucas MP, Books of the Year, The Ecologist

Doughnut Economics is a crucial read for anyone who is invested in the future of our global society and our planet. It prompts a transformative dialogue on economic reform and offers a conceptual framework that blends pragmatism with idealism—charting a course towards a regenerative and distributive economy that can thrive within the planet’s ecological limits.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Many reviews praise Doughnut Economics by Kate Raworth for its clear, compelling, and innovative presentation of economic concepts. The book is noted for ensuring dignity and prosperity for all people while proposing a new economic model that embeds the economy within the natural world and society. It's been described as sharp, insightful, timely, and a significant piece of scholarship that challenges mainstream economic thinking with a vision for sustainable development.

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Book Details

INFORMATION

ISBN: 9781847941398

Publisher: Cornerstone

Format: Paperback / softback

Date Published: 22 February 2018

Country: United Kingdom

Imprint: Random House Business Books

Audience: General / adult

DIMENSIONS

Spine width: 24.0mm

Width: 127.0mm

Height: 197.0mm

Weight: 307g

Pages: 384

About the Author

Kate Raworth is an economist whose research focuses on the unique social and ecological challenges of the 21st century. She is a Senior Visiting Research Associate teaching at Oxford University's Environmental Change Institute, and a Senior Associate of the Cambridge Institute for Sustainability Leadership. Over the last two decades Kate has worked as Senior Researcher at Oxfam, as a co-author of the UN's Human Development Report at the United Nations Development Programme, and as a Fellow of the Overseas Development Institute in the villages of Zanzibar. She has been named by the Guardian as one of the top ten tweeters on economic transformation.

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