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Doughnut Economics

Seven Ways to Think Like a 21st-Century Economist

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Doughnut Economics

By: Kate Raworth
Narrated by: Kate Raworth
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About this listen

Random House presents the audiobook edition of Doughnut Economics written and read by Kate Raworth.

Economics is broken. It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures.

Can it be fixed? In Doughnut Economics, Oxford academic Kate Raworth identifies seven critical ways in which mainstream economics has led us astray, and sets out a roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet. En route, she deconstructs the character of 'rational economic man' and explains what really makes us tick. She reveals how an obsession with equilibrium has left economists helpless when facing the boom and bust of the real-world economy. She highlights the dangers of ignoring the role of energy and nature's resources - and the far-reaching implications for economic growth when we take them into account. And in the process, she creates a new, cutting-edge economic model that is fit for the 21st century - one in which a doughnut-shaped compass points the way to human progress.

Ambitious, radical and rigorously argued, Doughnut Economics promises to reframe and redraw the future of economics for a new generation.

Longlisted for the Financial Times & McKinsey Business Book of the Year Award 2017

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio on our desktop site.

©2017 Kate Raworth (P)2017 Random House Audiobooks
International Macroeconomics Theory Inspiring Thought-Provoking Business US Economy Economic inequality
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Critic reviews

"The John Maynard Keynes of the 21st century." (George Monbiot, The Guardian)
"This is sharp, significant scholarship.... Thrilling." ( Times Higher Education)
"A really important economic and political thinker." (Andrew Marr)

What listeners say about Doughnut Economics

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About the book

A way to put ecological economics into practice. It is an engaging book, with ideas that understand but critique the current system we live in.

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Amazing

Outstanding and genuinely an original book. This is the way the world should be aiming.

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Sustainable and Forward thinking

A very motivating work that moves me to be more sustainable. Especially in my everyday.

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Had more of an impact on me that I expected

Book was recommended by a friend and didn't really know what to expect. Glad I gave it a chance as it had more of an impact on me than I expected. Like most things you read, its not everything you agree with but this certainly has some very interesting and fresh viewpoints. Challenge now is what next, how do I play my part, would have been great to include a chapter on this as in, how an everyday person can start to do their part etc.

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Accessible, engaging and eye-opening!

I'm a total economics novice and found this to be an excellent introduction to a load of economic theory which the book then proceeds to deconstruct rather eloquently. So I'd recommend this to any layman who wants to get a good handle on economics. But I'd recommend it even more to anyone who has studied economics in the 20th or early 21st century, as it seems clear that you all need to rethink some things! Fantastically read by the author, even-handed, super clear and brings home some harsh truths without being too doom and gloom!

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Impactful!

This is a really impactful book! It's the type of book that really disperses your cognitive dissonance and has you inspect things in a new light. Much reccommended!

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Got better as it went along

A good book for understanding what people are proposing to overcome the shortcomings of today’s pervasive economics-based goals and reasoning. I was underwhelmed by the off-hand dismissals of all neoclassical economic thinking in the first half (a convincing treatment of why we need something better would have made it easier to go along with the story of how to go about it) but it improved and became more balanced. My lingering concerns: the focus is almost all on national economies and policies but there is almost nothing about how one country could break free of the growth paradigm without wrecking the value of its currency and its standing in the international economy, especially vis-à-vis multinationals; too much easy optimism drawn from very localised and context-specific case studies like small, isolated tribes and early-stage renewable power projects.

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great read indeed 👍

excellent book well read by the author. highly recommended. very interesting arguments indeed. fantastic 😊

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Connecting the dots

I've had these ideas for a long period of time, but it's great to see them all in one place and how they all connect.

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On the money for thinking - especially right now

CoVid-19 has provided time to reflect on whether the course of the economy is going in the direction that is best for both the planet & its inhabitants : this addresses that question

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