Kate Raworth's "Doughnut Economics" challenges the foundational principles of 20th-century economic thought, arguing that they are ill-equipped to address the complex environmental and social crises of our time. Raworth proposes a radical paradigm shift, presenting the 'Doughnut' as a visual and conceptual framework for 21st-century prosperity. This iconic model outlines a sweet spot between a social foundation (ensuring no one falls short on life's essentials) and an ecological ceiling (respecting planetary boundaries). The book sets out seven key ways to reframe our understanding of economics, advocating for a move beyond an addiction to endless growth. It explores how to redesign money, finance, and business to serve people and the planet, fostering economies that are regenerative and distributive by design. Drawing on diverse fields from ecological and feminist economics to complexity thinking, Raworth offers a practical and inspiring blueprint for building economies that enable humanity to thrive within the means of the Earth.
Critical Reception
"This book stands as a game-changing analysis, offering a radically new compass for guiding global development, government policy, and corporate strategy, and has resonated deeply across activists, policymakers, and business leaders worldwide."