Chelsea Green Publishing

Doughnut Economics

Pages:320 pages
Book Art:Black-and-white photographs and illustrations throughout
Size: 6 x 9 inch
Publisher:Chelsea Green Publishing
Hardcover: 9781603586740
Pub. Date March 22, 2017

Doughnut Economics

Seven Ways to Think Like a 21st-Century Economist

Availability: In Stock

Hardcover

Available Date:
March 22, 2017

$28.00

Economics is the mother tongue of public policy. 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.

Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.

That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. 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.

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.

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?

Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

REVIEWS AND PRAISE

Publishers Weekly-

"This sharp, insightful call for a shift in thinking from economist Raworth posits that a long-overdue intellectual revolution has finally begun. According to her, the established model of economic thought no longer satisfies economics students, who are calling out for change; the education they’re receiving is out of pace with current economic realities. To formulate a better model, Raworth reversed the way she’d previously looked at economics. Rather than relying on established truisms, she laid out long-term goals for humankind and worked to figure out how economic thinking would allow us to achieve them. The result is a diagram consisting of a series of rings around a hollow center—the titular doughnut. Raworth places a 'safe and just space for humanity' in a ring between a social foundation and an ecological ceiling, leaving human deprivation and planetary degradation, respectively, in the doughnut ‘hole' and outside the doughnut. The plan to move forward consists of seven ideas, such as shifting the goal of economists from addressing financial to humanitarian concerns, recognizing ecology as a significant factor in economic growth, responsibly redistributing wealth, and so on. This is a highly optimistic look at the global economy, and Raworth’s energetic, layperson-friendly writing makes her concept accessible as well as intriguing.”

“I read this book with the excitement that the people of his day must have read John Maynard Keynes’s General Theory. It is brilliant, thrilling, and revolutionary. Drawing on a deep well of learning, wisdom, and deep thinking, Kate Raworth has comprehensively reframed and redrawn economics. It is entirely accessible, even for people with no knowledge of the subject. I believe that Doughnut Economics will change the world.”—George Monbiot, author; columnist at The Guardian

“This is truly the book we’ve all been waiting for. Kate Raworth provides the antidote to neoliberal economics with her radical and ambitious vision of an economy in service to life. Given the current state of the world, we need Doughnut Economics now more than ever.”—L. Hunter Lovins, president and founder, Natural Capitalism Solutions

“What if it were possible to live well without trashing the planet? Doughnut Economics succinctly captures this tantalising possibility and takes up its challenge. Brimming with creativity, Raworth reclaims economics from the dust of academia and puts it to the service of a better world.”—Tim Jackson, author of Prosperity without Growth

“Can anyone seriously suppose that today’s economic orthodoxies are going to bring the world back from the brink of chaos? We need to fundamentally rethink the way we create and distribute wealth, and Kate Raworth’s Doughnut Economics provides an inspiring primer as to how we must now set about that challenge. I hope it ushers in a period of intense debate about the kind of economy we now so urgently need.”—Jonathon Porritt, author of The World We Made; founding director, Forum for the Future

“Not long ago, well-known development economist Kate Raworth’s Doughnut graphic became an overnight sensation. Now this marvelous book clearly and succinctly explains her re-envisioning of the economy. On a bookshelf crowded with attempts to reframe economic thinking and the way forward, this book stands out—brilliantly.”—Juliet Schor, author of Plentitude

“Economics rightly is under the microscope. Kate Raworth’s insightful Doughnut is what every budding economist should see when they first peer down the lens.”—John Fullerton, founder and president, Capital Institute 

ABOUT THE AUTHOR

Kate Raworth

Kate Raworth is a renegade economist focused on exploring the economic mindset needed to address the 21st century’s social and ecological challenges. She is a senior visiting research associate and advisory board member at Oxford University’s Environmental Change Institute and teaches in its masters program for Environmental Change and Management. She is also senior associate of the Cambridge Institute for Sustainability Leadership and a member of the Club of Rome. Over the past 20 years Raworth has been a senior researcher at Oxfam, a co-author of UNDP’s annual Human Development Reports and a fellow of the Overseas Development Institute, working in the villages of Zanzibar. She is also on the advisory board of the Stockholm School of Economics’ Global Challenges Programme and Anglia Ruskin University’s Global Resource Observatory. Kate lives in Oxford, England.

AUTHOR VIDEOS

Doughnut Economics - Tell a New Story

Tell a New Story: From the neoliberal narrative to a story fit for our times

Doughnut Economics - Get Savvy with Systems

Get Savvy with Systems: From mechanical equilibrium to dynamic complexity

Doughnut Economics - Create to Regenerate

Create to Regenerate: From 'growth will clean it up again' to regenerative by design

Doughnut Economics - Nurture Human Nature

Nurture Human Nature: From rational economic man to social adaptable humans

Doughnut Economics - Change the Goal

Change the Goal: From GDP to the Doughnut

Doughnut Economics Book Trailer

"Brilliant, thrilling, and revolutionary.... I believe Doughnut Economics will change the world." --George Monbiot

Book Trailer - Doughnut Economics

Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

Why It's Time for Doughnut Economics - TEDxTalk

Kate Raworth explains why we need a new language of economics

YOU MAY ALSO LIKE

Carbon Shock

Carbon Shock

By Mark Schapiro

In Carbon Shock, veteran journalist Mark Schapiro takes readers on a journey into a world where the same chaotic forces reshaping our natural world are also transforming the economy, playing havoc with corporate calculations, shifting economic and political power, and upending our understanding of the real risks, costs, and possibilities of what lies ahead.

In this ever-changing world, carbon—the stand-in for all greenhouse gases—rules, and disrupts, and calls upon us to seek new ways to reduce it while factoring it into nearly every long-term financial plan we have. But how?

From the jungles of the Amazon to the farms in California’s Central Valley, from ‘greening’ cities like Pittsburgh to rising powerhouses like China, from the oil-splattered beaches of Spain to carbon-trading desks in London, Schapiro deftly explores the key axis points of change.

For almost two decades, global climate talks have focused on how to make polluters pay for the carbon they emit. It remains an unfolding financial mystery: What are the costs? Who will pay for them? Who do you pay? How do you pay? And what are the potential impacts? The answers to these questions, and more, are crucial to understanding, if not shaping, the coming decade.

Carbon Shock evokes a world in which the parameters of our understanding are shifting—on a scale even more monumental than how the digital revolution transformed financial decision-making—toward a slow but steady acknowledgement of the costs and consequences of climate change. It also offers a critical new perspective as global leaders gear up for the next round of climate talks in 2015.

Available in: Hardcover

Read More

Carbon Shock

Mark Schapiro

Hardcover $26.00

Local Dollars, Local Sense

Local Dollars, Local Sense

By Michael Shuman

Local Dollars, Local Sense is a guide to creating Community Resilience.

Americans' long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business-even though roughly half the jobs and the output in the private economy come from them. So, how can people increasingly concerned with the poor returns from Wall Street and the devastating impact of global companies on their communities invest in Main Street?

In Local Dollars, Local Sense, local economy pioneer Michael Shuman shows investors, including the nearly 99% who are unaccredited, how to put their money into building local businesses and resilient regional economies-and profit in the process. A revolutionary toolbox for social change, written with compelling personal stories, the book delivers the most thorough overview available of local investment options, explains the obstacles, and profiles investors who have paved the way. Shuman demystifies the growing realm of local investment choices-from institutional lending to investment clubs and networks, local investment funds, community ownership, direct public offerings, local stock exchanges, crowdfunding, and more. He also guides readers through the lucrative opportunities to invest locally in their homes, energy efficiency, and themselves.

A rich resource for both investors and the entrepreneurs they want to support, Local Dollars, Local Sense eloquently shows how to truly protect your financial future--and your community's.

Available in: Paperback

Read More

Local Dollars, Local Sense

Michael Shuman, Peter Buffett

Paperback $17.95

Fields of Farmers

Fields of Farmers

By Joel Salatin

America’s average farmer is sixty years old. When young people can’t get in, old people can’t get out. Approaching a watershed moment, our culture desperately needs a generational transfer of millions of farm acres facing abandonment, development, or amalgamation into ever-larger holdings. Based on his decades of experience with interns and multigenerational partnerships at Polyface Farm, farmer and author Joel Salatin digs deep into the problems and solutions surrounding this land- and knowledge-transfer crisis. This book empowers aspiring young farmers, midlife farmers, and nonfarming landlords to build regenerative, profitable agricultural enterprises.

Available in: Paperback

Read More

Fields of Farmers

Joel Salatin

Paperback $25.00

Thinking in Systems

Thinking in Systems

By Donella Meadows

In the years following her role as the lead author of the international bestseller, Limits to Growth—the first book to show the consequences of unchecked growth on a finite planet— Donella Meadows remained a pioneer of environmental and social analysis until her untimely death in 2001.

Thinking in Systems, is a concise and crucial book offering insight for problem solving on scales ranging from the personal to the global. Edited by the Sustainability Institute’s Diana Wright, this essential primer brings systems thinking out of the realm of computers and equations and into the tangible world, showing readers how to develop the systems-thinking skills that thought leaders across the globe consider critical for 21st-century life.

Some of the biggest problems facing the world—war, hunger, poverty, and environmental degradation—are essentially system failures. They cannot be solved by fixing one piece in isolation from the others, because even seemingly minor details have enormous power to undermine the best efforts of too-narrow thinking.

While readers will learn the conceptual tools and methods of systems thinking, the heart of the book is grander than methodology. Donella Meadows was known as much for nurturing positive outcomes as she was for delving into the science behind global dilemmas. She reminds readers to pay attention to what is important, not just what is quantifiable, to stay humble, and to stay a learner.

In a world growing ever more complicated, crowded, and interdependent, Thinking in Systems helps readers avoid confusion and helplessness, the first step toward finding proactive and effective solutions.

Available in: Paperback

Read More

Thinking in Systems

Donella Meadows, Diana Wright

Paperback $19.95