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  • Doughnut Economics

  • Seven Ways to Think Like a 21st-Century Economist
  • By: Kate Raworth
  • Narrated by: Kate Raworth
  • Length: 10 hrs and 49 mins
  • 4.6 out of 5 stars (162 ratings)

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Doughnut Economics

By: Kate Raworth
Narrated by: Kate Raworth
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Publisher's Summary

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 Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year.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

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)

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  • Overall
    2 out of 5 stars
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    2 out of 5 stars

Utopian and preachy

More a critique of existing economics than a genuine proposal on a new model. Some interesting points but felt I was being lectured, not in a good way. Some inconsistency. The author calls modern democratic societies “weird”, then seemingly without intentional irony warns of the dangers of labels. Pretty sure the “textbook” definition of supply and demand wasn’t in the textbook I read at school. Glad I got through it, but mostly so I can argue with people who say they loved it. The book may help some people, but other books have more usefully addressed shortcomings in traditional economic theory for me.

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6 people found this helpful

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Amazing book, but image heavy, not ideal audio

very important and interesting book. not ideal as an audio book as it relies heavily on images. I still enjoyed it thoroughly.

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4 people found this helpful

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great addition to systems thinking

loved the narration , the examples and clarity of theory. also the summary pdf is helpful

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Excellent companion to thinking critically

Essential reading for curious minds especially those who aren’t satisfied with the status quo in economics. Overlaying systems thinking brings an important dimension, reminding us that everything is connected. Raworth’s relatable and accessible style makes it easier to digest.

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    5 out of 5 stars

Empowering revision of economic theory and practice

Kate Raworth guides the listener through the history of economic theories presenting a compelling new vision and purpose for economists, policymakers and citizens of our shared planet.

I appreciated how the author was able to demonstrate how many of the current assumptions, methodologies and institutions are unfit for purpose to tackle the challenges facing our world today, while still remaining respectful of their initial intent.

Doughnut Economics offers listeners practical advice for rebuilding new economic relationships and systems and encouragement through the presentation of successful case studies.

Kate Raworth’s spoken delivery is clear yet animated and engaging throughout.

Coming myself from an academic background of Human Ecology and public policy wrangling, now a small business director, what a welcome relief to hear such a clear vision presented, challenging the current paradigm of pursuing never ending economic growth.

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Absolutely fantastic

Kate Raworth’s assessment of the paradigm shift that needs to take place in economics should be required reading for us all

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  • Ben
  • 15-05-2023

Should be renamed Crazynomics

What ridiculous tripe this is. “Many economists argue for higher income taxes” well many more don’t. “Banks should hold 100% of their debt loans in reserve” and there’d be a massive credit crunch impoverishing billions. Comparing flow with assets by suggesting taxation and public services are like for like.
For someone who is an economist, Kate knows so little about fundamental economics that it’s laughable. Or perhaps this book is supposed to be a tragic comedy with dire consequences and, like Orwell’s 1984, a testament of what not to do.

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Life-changing

This book was an eye-opener! And shot straight to my all time favourites list. I learned so much and after listening to it on Audible ended up buying a print version so I can re read and write notes all through it.

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Powerful way of thinking

Brilliantly read and written. Kate provides an olive branch in moving forward with not only public policy but with how you can think as an individual. Wonderful insight to institutional economics and how it can improve. Perfect for all levels of education and passions.

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inspirational

loved this book. personally I believe it is probably one of the most important publications in the world. identifies the issues we confront, enables understanding and then provides a pathway to solutions. I am energised!

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