Kate Raworth - Doughnut economics: How to Think Like a 21st Century Economist

Kate Raworth is the author of the acclaimed book ‘Doughnut Economics’, and joined us in the studio for an exploration of a new 21st century economic model and why she believes so many economists have got it wrong for so long.

The implications of her Doughnut Economics are profound and and can be read and embraced as a roadmap for change not just by experts or economists, but by everyone! This is a chance to challenge her with your questions and critiques.

What is the goal of economics? Does GDP really tell us all we need to know about a country's wealth and well-being? Our guest in this show argues that our economic system should be designed to meet everyone’s needs, while living within the means of the planet.

Subtitles are provided thanks to Andrea Pilenso Siqueira. Want to help as well, in making this content more broadly available?

[mak_r]

Excellent discussion! Truly insightful dialogue and progressive thinking. Thumbs up.

[davidzet]

I'm just 6 minutes in (and I plan to continue), but I already see that some of this "history of neoliberalism" (etc.) is a contrived Just-So story that misses a lot (e.g., the massive role of the state between 1947 and the 1980s, which led to the *backlash* of Reagan and Thatcher). I am sure there's more to say about the rest, but please don't swallow this without more context and thought. (I'm a fan of the Doughnut analogy.)

[Tuatara]

Recommended by a fried. But I didn't find it very interesting.

Partially, it just doesn't add anything to the economics she alleges aren't fit to describe (modern) reality. I think the charges that it can't deal with factors like (limited) natural resources or byproducts like waste, pollution, etc, aren't very strong. In fact, this doesn't sound like economics at all, it doesn't help us understand the economy. It sounds like political activism, i.e. "We should pay more attention to problems like climate change, waste, pollution."

Partially, because it just sounds like naive, Utopian fantasy. And blind to the huge positives that would be associated with further growth.