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

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“Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist” by Kate Raworth is a groundbreaking exploration of a new economic paradigm that challenges conventional economic thinking and offers a fresh perspective on how we can create a sustainable and equitable world.

In this thought-provoking book, Raworth introduces the concept of the “doughnut,” which represents a safe and just space for humanity to thrive. This concept combines environmental sustainability with social equity, suggesting that economic systems should not exceed certain planetary boundaries while also ensuring that everyone has access to the essentials of life.

Raworth identifies seven key principles for reimagining economics in the 21st century, including shifting from growth-centered to well-being-centered economies, regenerating the environment, and rethinking the role of finance and corporations. She argues that traditional economic models, which often prioritize limitless growth and wealth accumulation, are not compatible with the realities of our planet’s finite resources and the need for social inclusivity.

“Doughnut Economics” is a compelling call to action for policymakers, economists, and citizens alike. Raworth presents a vision of economics that is both aspirational and achievable, emphasizing the importance of collaboration and innovation in reshaping our economic systems. Her book challenges readers to think beyond GDP and to consider the broader well-being of both people and the planet.

This book has resonated with a wide range of audiences, from environmentalists and social activists to economists and business leaders, as it provides a roadmap for creating a more sustainable, equitable, and prosperous future. “Doughnut Economics” is a must-read for those interested in the intersection of economics, sustainability, and social justice, offering a hopeful and practical vision for the 21st century.