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

Kate Raworth

"Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist" is a book by Kate Raworth that presents a new economic model that revolves around sustainability, equity, and resilience rather than growth at all costs. It offers a fresh perspective on economics that challenges traditional economic theories and offers a holistic approach that takes into account social and ecological factors.

The book offers seven principles that examine how the economy can work for the benefit of all, rather than for a select few. These principles include rethinking growth, challenging the idea of rational economic man, calling for a new way of measuring progress and success, creating a circular economy, recognizing the value of unpaid work and reinforcing the commons, rethinking markets, and designing to distribute power.

Raworth argues that the traditional economic model, which has led to a growing wealth gap and ecological crisis, needs to be reformed in order to address the challenges of the 21st century. Instead, she proposes a "doughnut-shaped" economic model that seeks to create a balance between the needs of the economy, society, and the environment.

Overall, Doughnut Economics is a thought-provoking read that offers a fresh perspective on how we can create a sustainable and equitable economic system that serves everyone. It has been praised for its accessible and engaging writing, as well as its practical solutions to economic challenges.

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