Economics is broken. It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its out-dated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures.
Can it be fixed? In Doughnut Economics, Kate Raworth identifies seven critical ways in which mainstream economics has led us astray, and sets out a roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet. In the process, she creates a new economic model that is fit for the 21st century – one in which a doughnut-shaped compass points the way to human progress.
Playful and eloquent, Doughnut Economics offers a game-changing analysis and inspiration for a new generation of economic thinkers.