Remorseless financial crises. Extreme inequalities in wealth. Relentless pressure on the environment. Anyone can see that our economic system is broken. But can it be fixed? Here, Oxford academic Kate Raworth identifies the seven critical ways in which mainstream economics has led us astray – from selling us the myth of ‘rational economic man’ to obsessing over growth at all costs – and offers instead an alternative roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet.
Economics is broken, and the planet is paying the price.
Unforeseen financial crises. Extreme wealth inequality. Relentless pressure on the environment. Can we go on like this? Is there an alternative?
In Doughnut Economics, Oxford academic Kate Raworth lays out the seven deadly mistakes of economics and offers a radical re-envisioning of the system that has brought us to the point of ruin. 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 demands of the 21st century require a new shape of economics. This might just be it.
*The Sunday Times Bestseller*
*A Financial Times and Forbes Book of the Year*
*Winner of the Transmission Prize 2018*
*Longlisted for the FT/McKinsey Business Book of the Year Award 2017*
'The John Maynard Keynes of the 21st century.' George Monbiot, Guardian
'This is sharp, significant scholarship . . . Thrilling.' Times Higher Education
'Raworth's magnum opus . . . A fascinating reminder to business leaders and economists alike to stand back at a distance to examine our modern economics.' Books of the Year, Forbes
'There are some really important economic and political thinkers around at the moment - such as Kate Raworth's Doughnut Economics.' Andrew Marr, Guardian
'An admirable attempt to broaden the horizons of economic thinking.' Martin Wolf, Books of the Year, Financial Times
'A compelling and timely intervention.' Caroline Lucas MP, Books of the Year, The Ecologist