![[Review] Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist (Kate Raworth) Summarized](https://episodes.castos.com/660078c6833215-59505987/images/2324358/c1a-085k3-v6w2p52kcw9-eybwp3.jpg)
Show Notes
Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist (Kate Raworth)
- Amazon USA Store: https://www.amazon.com/dp/B077H22DGV?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/Doughnut-Economics%3A-Seven-Ways-to-Think-Like-a-21st-Century-Economist-Kate-Raworth.html
- Apple Books: https://books.apple.com/us/audiobook/doughnut-economics-seven-ways-to-think-like-a-21st/id1830875076?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=Doughnut+Economics+Seven+Ways+to+Think+Like+a+21st+Century+Economist+Kate+Raworth+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- Read more: https://mybook.top/read/B077H22DGV/
#DoughnutEconomics #SustainableDevelopment #EconomicReform #EcologicalSustainability #SocialEquity #RegenerativeDesign #SystemsThinking #AlternativeMetrics #DoughnutEconomics
These are takeaways from this book.
Firstly, The Doughnut Model, Kate Raworth introduces the concept of the Doughnut Model as a way to visualize sustainable economic development. This model represents a safe and just space for humanity that is bounded by two concentric circles. The inner circle represents a social foundation, ensuring that nobody falls short on life's essentials, from food and water to political voice and social equity. The outer circle represents the ecological ceiling, beyond which lies ecological degradation and planetary stress due to excessive resource extraction and pollution. The space in between the circles, the 'doughnut,' represents the safe operating space for humanity. Raworth argues that the goal of economies should be to bring humanity into this space, rather than chasing endless GDP growth. This model serves as a foundation for rethinking economic priorities, incorporating sustainability, and ensuring equity.
Secondly, Moving Beyond GDP, One of Raworth's critical arguments is the inadequacy of GDP as a measure of economic success. GDP growth has long been the primary goal of economies worldwide, but Raworth emphasizes its limitations, particularly in neglecting environmental sustainability and social well-being. She discusses how GDP fails to account for the value of non-market activities like household work and volunteering, while also ignoring the depletion of natural resources and environmental degradation. Raworth advocates for alternative metrics that focus on well-being, equity, and ecological health, suggesting that a shift in focus can encourage policies that promote sustainability, invest in renewable resources, and support social structures, thereby leading to more meaningful economic outcomes.
Thirdly, Redefining Economic Success, Raworth challenges the traditional economic focus on market efficiency, profit maximization, and competition, promoting instead the principles of distributive and regenerative systems. She argues for economies that are designed to be distributive by nature, ensuring that value created is fairly distributed among society. This involves rethinking ownership, creating opportunities for community-based solutions, and leveraging technology for public good. Additionally, Raworth discusses the importance of regenerative design in economic systems, which ensures that the economy works with and within the cycles of the natural world, rather than degrading them. By valuing sustainability and cooperation over profit and competition, Raworth presents a model for economic success that promotes long-term survival and prosperity.
Fourthly, Systems Thinking, Raworth emphasizes the importance of systems thinking in understanding the complexity of economic and ecological interactions. She argues that the economy is not separate from the ecological and social systems it exists within, but deeply interconnected with them. This perspective encourages a holistic approach to policy-making, taking into account the wide array of consequences actions may have in interconnected systems. By applying systems thinking, policymakers and individuals can better recognize feedback loops, unintended consequences, and potential synergies, enabling more resilient and adaptive economic planning. Systems thinking fosters a mindset that is crucial for addressing multidimensional problems like climate change and inequality.
Lastly, Thriving in Balance, The concept of thriving in balance is central to Doughnut Economics. Raworth proposes moving away from the traditional economic aim of perpetual growth, suggesting instead that economies should aim to thrive within their means. This involves maintaining a balance between meeting the needs of all people within the limits of the planet. Thriving in balance requires a shift in economic values and practices—cultivating local and circular economies, fostering renewable energy, and promoting consumption that respects ecological boundaries. Raworth's vision is for economies that not only sustain, but regenerate life on Earth, creating a healthy balance between human activity and the natural world. By embracing such a balance, societies can ensure a livable planet for future generations while addressing present needs.
- Amazon USA Store: https://www.amazon.com/dp/B077H22DGV?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/Doughnut-Economics%3A-Seven-Ways-to-Think-Like-a-21st-Century-Economist-Kate-Raworth.html
- Apple Books: https://books.apple.com/us/audiobook/doughnut-economics-seven-ways-to-think-like-a-21st/id1830875076?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=Doughnut+Economics+Seven+Ways+to+Think+Like+a+21st+Century+Economist+Kate+Raworth+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- Read more: https://mybook.top/read/B077H22DGV/
#DoughnutEconomics #SustainableDevelopment #EconomicReform #EcologicalSustainability #SocialEquity #RegenerativeDesign #SystemsThinking #AlternativeMetrics #DoughnutEconomics
These are takeaways from this book.
Firstly, The Doughnut Model, Kate Raworth introduces the concept of the Doughnut Model as a way to visualize sustainable economic development. This model represents a safe and just space for humanity that is bounded by two concentric circles. The inner circle represents a social foundation, ensuring that nobody falls short on life's essentials, from food and water to political voice and social equity. The outer circle represents the ecological ceiling, beyond which lies ecological degradation and planetary stress due to excessive resource extraction and pollution. The space in between the circles, the 'doughnut,' represents the safe operating space for humanity. Raworth argues that the goal of economies should be to bring humanity into this space, rather than chasing endless GDP growth. This model serves as a foundation for rethinking economic priorities, incorporating sustainability, and ensuring equity.
Secondly, Moving Beyond GDP, One of Raworth's critical arguments is the inadequacy of GDP as a measure of economic success. GDP growth has long been the primary goal of economies worldwide, but Raworth emphasizes its limitations, particularly in neglecting environmental sustainability and social well-being. She discusses how GDP fails to account for the value of non-market activities like household work and volunteering, while also ignoring the depletion of natural resources and environmental degradation. Raworth advocates for alternative metrics that focus on well-being, equity, and ecological health, suggesting that a shift in focus can encourage policies that promote sustainability, invest in renewable resources, and support social structures, thereby leading to more meaningful economic outcomes.
Thirdly, Redefining Economic Success, Raworth challenges the traditional economic focus on market efficiency, profit maximization, and competition, promoting instead the principles of distributive and regenerative systems. She argues for economies that are designed to be distributive by nature, ensuring that value created is fairly distributed among society. This involves rethinking ownership, creating opportunities for community-based solutions, and leveraging technology for public good. Additionally, Raworth discusses the importance of regenerative design in economic systems, which ensures that the economy works with and within the cycles of the natural world, rather than degrading them. By valuing sustainability and cooperation over profit and competition, Raworth presents a model for economic success that promotes long-term survival and prosperity.
Fourthly, Systems Thinking, Raworth emphasizes the importance of systems thinking in understanding the complexity of economic and ecological interactions. She argues that the economy is not separate from the ecological and social systems it exists within, but deeply interconnected with them. This perspective encourages a holistic approach to policy-making, taking into account the wide array of consequences actions may have in interconnected systems. By applying systems thinking, policymakers and individuals can better recognize feedback loops, unintended consequences, and potential synergies, enabling more resilient and adaptive economic planning. Systems thinking fosters a mindset that is crucial for addressing multidimensional problems like climate change and inequality.
Lastly, Thriving in Balance, The concept of thriving in balance is central to Doughnut Economics. Raworth proposes moving away from the traditional economic aim of perpetual growth, suggesting instead that economies should aim to thrive within their means. This involves maintaining a balance between meeting the needs of all people within the limits of the planet. Thriving in balance requires a shift in economic values and practices—cultivating local and circular economies, fostering renewable energy, and promoting consumption that respects ecological boundaries. Raworth's vision is for economies that not only sustain, but regenerate life on Earth, creating a healthy balance between human activity and the natural world. By embracing such a balance, societies can ensure a livable planet for future generations while addressing present needs.
