7 ways to think like a 21st century economist

I wanted to take some time offline but I have to share this as I hope it inspires some of you to take a different look at economics in 2020.įinally, I found the book that brings together all the hypothesis and concepts I was drawn to over the past years and puts them into a holistic picture how we can look at economics in a 21st century way. Kobo eBook (February 22nd, 2017): $18.I spent the last few days in the mountains celebrating X-MAS with my dear ones and while relaxing I finally managed to read one of the best books I have read in ages- ” Doughnut Economics ” by Kate Raworth.Publisher: Chelsea Green Publishing Company 'Doughnut Economics shows how to ensure dignity and prosperity for all people.'-Huffington Post Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers. Raworth handpicks the best emergent ideas-from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science-to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Named after the now-iconic 'doughnut' image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Along the way, she points out how we can break our addiction to growth redesign money, finance, and business to be in service to people and create economies that are regenerative and distributive by design. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. That's why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century.

Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. The book that redefines economics for a world in crisis.Įconomics is the mother tongue of public policy. *Porchlight 'Best Business Book of 2017: Current Events & Public Affairs' *A Financial Times and Forbes Book of the Year

7 ways to think like a 21st century economist