Who wants to be an economist?
1. Change the goal
from endless growth to thriving in balance
2. See the big picture
from self-contained market to embedded economy
3. Nurture human nature
from rational economic man to social adaptable humans
4. Get savvy with systems
from mechanical equilibrium to dynamic complexity
5. Design to distribute
from 'growth will even it up' to distributive by design
6. Create to regenerate
from 'growth will clean it up' to regenerative by design
7. Be agnostic about growth
from growth as a must to growth as a maybe not
We are all economists now
Annex: The Doughnut and its data
Kate Raworth is a renegade economist focused on exploring the economic mindset needed to address the 21st century's social and ecological challenges. She is a senior visiting research associate and advisory board member at Oxford University's Environmental Change Institute and teaches in its masters program for Environmental Change and Management. She is also senior associate of the Cambridge Institute for Sustainability Leadership and a member of the Club of Rome. Over the past 20 years Raworth has been a senior researcher at Oxfam, a co-author of UNDP's annual Human Development Reports and a fellow of the Overseas Development Institute, working in the villages of Zanzibar. She is also on the advisory board of the Stockholm School of Economics' Global Challenges Programme and Anglia Ruskin University's Global Resource Observatory. Kate lives in Oxford, England.
"I read this book with the excitement that the people of his day must have read John Maynard Keynes's General Theory. It is brilliant, thrilling, and revolutionary. Drawing on a deep well of learning, wisdom, and deep thinking, Kate Raworth has comprehensively reframed and redrawn economics. It is entirely accessible, even for people with no knowledge of the subject. I believe that Doughnut Economics will change the world."-George Monbiot, author; columnist at The Guardian
"Raworth's magnum opus. . . . A fascinating reminder to business leaders and economists alike to stand back at a distance to examine our modern economics."-Forbes, "Best Business Books of 2017"
"An admirable attempt to broaden the horizons of economic thinking."-Financial Times, Martin Wolf, "Best Books of 2017: Economics"
"This is truly the book we've all been waiting for. Kate Raworth provides the antidote to neoliberal economics with her radical and ambitious vision of an economy in service to life. Given the current state of the world, we need Doughnut Economics now more than ever."-L. Hunter Lovins, president and founder, Natural Capitalism Solutions
"[A] sharp, insightful call for a shift in thinking . . . Raworth's energetic, layperson-friendly writing makes her concept accessible as well as intriguing."-Publishers Weekly
"Can anyone seriously suppose that today's economic orthodoxies are going to bring the world back from the brink of chaos? We need to fundamentally rethink the way we create and distribute wealth, and Kate Raworth's Doughnut Economics provides an inspiring primer as to how we must now set about that challenge. I hope it ushers in a period of intense debate about the kind of economy we now so urgently need."-Jonathon Porritt, author of The World We Made; founding director, Forum for the Future
"What if it were possible to live well without trashing the planet? Doughnut Economics succinctly captures this tantalising possibility and takes up its challenge. Brimming with creativity, Raworth reclaims economics from the dust of academia and puts it to the service of a better world."-Tim Jackson, author of Prosperity without Growth
"Not long ago, well-known development economist Kate Raworth's Doughnut graphic became an overnight sensation. Now this marvelous book clearly and succinctly explains her re-envisioning of the economy. On a bookshelf crowded with attempts to reframe economic thinking and the way forward, this book stands out-brilliantly."-Juliet Schor, author of Plentitude
"Economics rightly is under the microscope. Kate Raworth's insightful Doughnut is what every budding economist should see when they first peer down the lens." -John Fullerton, founder and president, Capital Institute