I was very excited by this Guardian piece, which talks about a recent book: one that offers a new vision of economics, a model that is not based on the failed worldview that promotes endless growth and consumption for profit.
The visionary is Kate Raworth of Oxford University’s Environmental Change Institute, who sees a whole new way of working with limited planetary resources and our seemingly unlimited — and ever growing — human needs. She calls this vision “doughnut economics” and presents it in her book “Doughnut Economics: Seven Ways to Think Like a 21st Century Economist.”
Doughnut economics turns mainstream economics on its head by taking both the realities of environmental and human survival into account, and creating a model in which they can both be served.
I hope this book finds its way into the hands of our progressive leaders. This is an economy for a world that is very different from the one seen by John Maynard Keynes — may Raworth be just as influential in our time as Keynes was in his.