Expanding Economics: From Environmental Externalities to Donut Economics

Kate Raworth is an Economist best known for “donut economics,” a model that attempts to map the balance between essential human needs and planetary boundaries. She proposes that the last few hundred years of economic theories were created with a monomaniacal focus on growth that was only possible on a planet with relatively untapped natural resources. After more than two hundred years of industrial development, older economic theories cannot be applied to the necessities of today. Namely, a sustainable material economy for the generations yet to come. We talk about what an economic system that provides for everyone’s basic humans needs can look like, places that have started putting donut economics to use, and how to balance personal responsibility with survival in an unjust system. Check out more of Kate Raworth's work at the Donut Economics Action Lab: https://doughnuteconomics.org/about-doughnut-economics Sign up for our Patreon and get episodes early + join our weekly Patron Chat https://bit.ly/3lcAasB 00:00 Go! 00:04:33 Economics as moral philosophy 00:06:59 How do you measure human development? 00:10:19 Why don't we economically develop "developed" countries 00:13:36 Donut economics 00:20:50 Regulation as friend of foe? 00:31:17 Michael Hudson & GDP failures 00:42:57 Feeding the economic algo 00:53:34 Escaping the market 01:05:20 Democratic spending 01:14:10 Siingle handed top down effectiveness 01:23:29 Applying Donut Econ 01:31:00 Air traffic is mostly private flights 01:36:27 Convenience vs. doing the right thing 01:41:49 Voting with your credit card #sciencepodcast #DoughnutEconomics #SustainableEconomics #PlanetaryBoundaries #HumanNeeds #EconomicTheory #GreenEconomics #CircularEconomy #SocialFoundations #EnvironmentalCeiling #EconomicJustice Check our short-films channel, @DemystifySci: https://www.youtube.com/c/DemystifyingScience AND our material science investigations of atomics, @MaterialAtomics https://www.youtube.com/@MaterialAtomics Join our mailing list https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. - Blog: http://DemystifySci.com/blog - RSS: https://anchor.fm/s/2be66934/podcast/rss - Donate: https://bit.ly/3wkPqaD - Swag: https://bit.ly/2PXdC2y SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671