I see a lot of books presuming to explain what’s wrong with the economy and what to do about it. Rarely do I come across one with the consistent new paradigm frame, historical depth, practical sensibility, systemic analysis, and readability of Doughnut Economics by Kate Raworth. Especially unique and valuable is her carefully reasoned, illustrated, and documented debunking of the fatally flawed theory behind economic policies that drive financial instability, environmental collapse, poverty, and extreme inequality.
Doughnut Economics opens with the story of an Oxford University student. Recognizing the inseparable connection between the economy and the environmental and social issues of our time, she did what many students with such concerns do. She signed up for an economics major hoping to learn how she might contribute to creating a better world.
What she learned instead is that the theory taught in textbook economics is hopelessly simplistic and largely irrelevant to her concerns—and to those of many of her fellow students. Rather than just shift to a more relevant major, however, she started what has become a spreading global student movement demanding reform of university economics curricula.
On a fast track to becoming one of the world’s most influential economists, Raworth has produced a book that more than validates the reasons for the student revolt. She fills in yawning gaps in current textbook economic theory to make the connections for which these students—and many of the rest of us—are looking. More