Kate Raworth’s re-thinking of the foundations of economics are at once simple and profound. In short, they just make sense. This is the kind of transformative thinking that can help us navigate our way out of the intellectual and moral bankrupcy of the economic growth mindset.
“In Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, Kate Raworth of Oxford University’s Environmental Change Institute reminds us that economic growth was not, at first, intended to signify wellbeing. The aim of economic activity, she argues, should be “meeting the needs of all within the means of the planet”. Instead of economies that need to grow, whether or not they make us thrive, we need economies that “make us thrive, whether or not they grow”. This means changing our picture of what the economy is and how it works. […]”
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