IMPORTANT This is a Summary Of Doughnut Seven Ways to Think Like a 21st-Century Economist by Kate Raworth and not the original book.
A new view on economics from an environmental envoy. If it’s human to err, economists are just like the rest of us – they make mistakes. Theories that dazzle in textbooks end up leading us astray in the real world. Towering thinkers turn out to have feet of clay. But economic ideas can have extraordinary staying power. As the British economist John Maynard Keynes once wrote, “practical men” who prize their independent-mindedness are often “the slaves of some defunct economist.” Misleading claims remain on the shelf in the marketplace of ideas long past their sell-by date. Kate Raworth’s Doughnut Economics takes aim at an idea that’s long obsessed both economists and endless growth. But her mission isn’t just theoretical. She argues that if we don’t kick our addiction to growth, we’ll end up destroying our planet. Neverending economic expansion isn’t just a defunct idea – it’s dangerous. What’s needed now is a bold, contemporary approach. Out with the old, in with the new. If we want to survive and thrive on Earth, it’s time to start thinking like it’s the twenty-first century. In these book, you’ll find •Why the answer to our present problems resembles a doughnut;. •How a great theorist of economics failed to credit his mother’s cooking. •Why a sense of fairness can trump self-interest.