Book of the Month

Doughnut Economics. Kate Raworth. What if the backbone of economics was not money but human wellbeing? What if progress was measured not according to benefits, but according to the balance between using the resources we need and the protection of our planet?
What if the backbone of economics was not money but human wellbeing? What if progress was measured not according to benefits, but according to the balance between using the resources we need and the protection of our planet? These are some of the thoughts from the British economist Kate Raworth, author of Doughnut Economics and professor at Oxford and Cambridge.
The traditional circular flow economy chart is definitely obsolete, since nowadays the scenario is much more complex. In our landscape, besides businesses, households, money, goods and services, we do consider fundamental social rights (housing, water, food, energy, education, gender equality, etc.) and the ecological ceiling (loss of biodiversity, climate change, ozone layer devastation, etc.).

Doughnut Economics is a brilliant call to action to move towards a new economic model to be used as universal language enabling us to operate within our planet’s boundaries. As Raworth says: “If you want to help future economists, offer them a doughnut”.

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