25 Dec

doughnut economics goodreads

Find books like Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist from the world’s largest community of readers. Kate Raworth is a renegade economist focused on exploring the economic mindset needed to address the 21st century’s social and ecological challenges, and is the creator of the Doughnut of social and planetary boundaries. (I have written two myself ;)) We need to rethink our economic systems. I started reading this book with interest, looking forward to discovering some new, thought provoking ideas. We have to account for unpaid work, for non-monetary costs (externalities), and where the energy for the widgets are going to come from? Book: Doughnut Economics: seven ways to think like a 21st century economist.Kate Raworth. I liked this book for so many reasons, but not least because she uses some of the same examples I've been using recently to explain ideas that have been troubling me for quite a while now. I am not an economist but have been in business for 25 years and regularly enjoy reading business and economic texts. by Ha-Joon Chang. There is little logic to that other that the author seems to believe it is very impactful and memorable. Moving beyond the myths of 'rational economic man' and unlimited growth, Doughnut Economics zeroes in on the sweet spot: a system that meets all our needs without exhausting the planet. The dismal science has a propensity to be tedious and uninteresting to anyone outside its narrow sphere. As it happens, futurology is one tough doughnut to crack. Doughnut Economics succinctly captures this tantalising possibility and takes up its challenge. Doughnut Economics received above four stars on average from readers in Goodreads, suggesting that it struck a chord with the right target audience. At the end of the nineteenth century, the sociologist and economist Thorstein Veblen berated economic theory for depicting man as a ‘self-contained globule of desire’, while the French polymath Henri Poincaré pointed out that it overlooked ‘people’s tendency to act like sheep’.31 He was right: we are not so different from herds as we might like to imagine. Kate Raworth. A Financial Times "Best Book of 2017: Economics”. On a planet with intricately structured ecosystems and a delicately balanced climate, this begs a now obvious question: how big can the global economy’s throughflow of matter and energy be in relation to the biosphere before it disrupts the very planetary life-support systems on which our well-being depends?”, “you need to know a thing or two about cuckoos because they are wily birds. Ours is the era of the planetary household—and the art of household management is needed more than ever for our common home.”, “If only—just before that apple fell—young Isaac had also marvelled at how it grew: in a fascinating, ever-evolving interplay of trees and bees, sun and leaves, roots and rain, blossom and seeds. Economics runs on images. See you in the Action Lab! 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 … To order a copy for £17, go to bookshop.theguardian.com or call … And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures. Yet many of its basic assumptions are flawed. Most of these gases occur naturally in the atmosphere and, together with water vapour, act like a blanket around the Earth, keeping its surface much warmer than it otherwise would be.”, “as the architect and designer William McDonough has put it, the avid pursuit of resource efficiency is simply not enough. Moving beyond the myths of ‘rational economic man’ and unlimited growth, Doughnut Economics zeroes in on the sweet spot: a system that meets all our needs without exhausting the … Politicians are reluctant to question the paradigm of endless economic growth. It then describes the optimal economic development as “a social foundation of well-being that no one should fall below and an ecological ceiling of planetary pressure that we should not go beyond”. Considers the shape of a doughnut as a guide to understanding how a modern, globalized economic system is interconnected but can serve people fairly and lead to happier, more fulfilled humans. 4.21 (4,695 ratings by Goodreads) Paperback. About The Author Kate Raworth is a renegade economist focused on exploring the economic mindset needed to address the 21st century’s social and ecological challenges. But if the economy is so evidently embedded in the biosphere, how has economics so blatantly ignored”, “At this point in human history, the movement that best describes the progress we need is coming into dynamic balance by moving into the Doughnut’s safe and just space, eliminating both its shortfall and overshoot at the same time.”, “far from being a closed, circular loop, the economy is an open system with constant inflows and outflows of matter and energy. This takeover tactic works: the foster parents busily feed their oversized tenant as it grows absurdly large, bulging out of the tiny nest it has occupied. In Doughnut Economics, Oxford academic Kate Raworth identifies seven critical ways in which mainstream economics has led us astray, and sets out a roadmap for … Crises like the 2008 financial crash have proved as much – economists just didn’t see it coming. One of the best TED talks from this year: Raworth’s book has in recent months met either raving or scathing critiques. It is unfortunately not the only cringeworthy aspect of this book. My Exfam colleague Kate Raworth’s book Doughnut Economics is launched today, and I think it’s going to be big. Towards the end of his life he turned his attention to the next level up, the economics of the city state, and proposed a set of trade, tax and public investment policies for his home town of Athens. Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. But now faced with a globally connected economy, it is time for this generation of thinkers to take the inevitable next step. (I have written two myself ;)) We need to rethink our economic systems. The dismal science has a propensity to be tedious and uninteresting to anyone outside its narrow sphere. English. Extreme wealth inequality. The big read The Economist’s books of the year. Yes. That businesses have profit maximization as their model, which is fine, but there needs to be a balance. A *** review may thus be a little odd, but let me explain with reference to the broader discussions about the book. And while history often repeats itself, author Kate Raworth challenges that idea in her book, "Doughnut Economics." Finally. One”, “For over 70 years economics has been fixated on GDP, or national output, as its primary measure of progress. Hong Kong Review of Books. . Review of Doughnut Economics: 7 Ways to Think Like a 21st Century Economist by Kate Raworth. In Piketty’s words, ‘Capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.”, “This stark picture of humanity and our planetary home at the start of the twenty-first century is a powerful indictment of the path of global economic development that has been pursued to date. ___ FEATURE Academic, economist and h The boys are back in town, after a well-earned Easter break, bringing your fresh ideas and even fresher takes to resist the crushing anxiety of a world gone mad. But its influence is wide and pervasive, the neo-liberal agenda has given us a society where there is now a vast chasm between the super-rich elite and the poor underclass and where the single-minded pursuit of profit is degrading the world that we live in and are totally dependent on. Economics is broken, and the planet is paying the price. The language of economics is built upon the iconic imagery of supply and demand curves, circular flow models, GDP growth curves and IS-LM models. These would be world-changing conversations.”, “Back in Ancient Greece, when Xenophon first came up with the term economics, he described the practice of household management as an art. It’s a powerful warning to other birds: leave your nest unattended and it may well get hijacked.”, “In the twentieth century, economics lost the desire to articulate its goals: in their absence, the economic nest got hijacked by the cuckoo goal of GDP growth.”, “What if every company strategised around a Doughnut table, asking itself: is our brand a Doughnut brand, whose core business helps to bring humanity into that safe and just space? Doughnut Economics Quotes Showing 1-30 of 236 “Depicting rational economic man as an isolated individual – unaffected by the choices of others – proved highly convenient for modelling the economy, but it was long questioned even from within the discipline. Doughnut Economics is Raworth's critique of how the field of economics has fallen short in addressing the major issues of the 21st century. Raworth seeks to change the language of economics. 320 pages, ISBN 978-1 … We have to understand that banks are not just neutral players in the system, but that they create money. It would have changed the course of economics too, inspiring his economic admirers with a far more fruitful metaphor. Billions of people still fall far short of their most basic needs, but we have already crossed into global ecological danger zones that profoundly risk undermining Earth’s benevolent stability”, “EARTH, which is life giving—so respect its boundaries Far from floating against a white background, the economy exists within the biosphere—that delicate living zone of Earth’s land, waters and atmosphere. • Doughnut Economics by Kate Raworth (Random House Business Books, £20). Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers. TED: Doughnut Economics. Some of that solar energy, such as sunshine and wind, arrives in real time each day. Need some help planning your summer reading? It warns against ecological and economic overshoot but itself overshoots in its wide-eyed claims and heterodox heresies. Following his lead, Aristotle distinguished economics from chrematistics, the art of acquiring wealth—in a distinction that seems to have been all but lost today.”, “No industrial loop can recapture and reuse 100 percent of its materials: Japan impressively recycles 98 percent of metal used domestically, but there’s still an elusive 2 percent leaking from that loop. --Tim Jackson, author of Prosperity without Growth "[A] sharp, insightful call for a shift in thinking . Doughnut Economics shows just how pervasive outdated economic mindsets are. But its design is fundamentally flawed because it runs counter to the living world, which thrives by continually recycling life’s building blocks such as carbon, oxygen, water, nitrogen and phosphorus”, “The East Asian ‘miracle’—from the mid 1960s to 1990—saw countries such as Japan, South Korea, Indonesia and Malaysia combine rapid economic growth with low inequality and falling poverty rates.”, “the returns to capital have tended to grow faster than the economy as a whole, leading wealth to become ever more concentrated. Of clay yearly statistical comparisons of national GDP, doughnut economics goodreads doughnut Economics: Seven Ways to Think like 21st... His economic admirers with a globally connected economy, it is unfortunately not only! Of environmental circular rings have way too much inequality, and here’s why in addressing the issues! Maximization as their model, which is fine, but that they create money target audience overshoot but overshoots. 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