Freakonomics Radio Is Economic Growth the Wrong Goal? (Ep. 429 Update)
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Feb 2, 2023 
Kate Raworth, a renegade economist and author of 'Donut Economics,' takes on the traditional economic model, arguing that the relentless pursuit of GDP is harming the planet. She teams up with Marike van Doornink, Amsterdam's deputy mayor, to showcase how the city is implementing this sustainable framework. They discuss the limitations of GDP as a measure of success and explore innovative strategies for social equity and environmental sustainability. Their conversation offers a fresh perspective on achieving well-being in urban development.
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Raworth's Inspiration
- Kate Raworth, a renegade economist, grew up near London with a sheltered upbringing.
- Witnessing global crises like the Ethiopian famine and the ozone hole on TV inspired her to study economics.
Missing Piece in Economics
- Despite studying economics at Oxford, Raworth found her education lacking in environmental focus.
- This realization shaped her perspective and led her to challenge traditional economic models.
Donut Economics
- Raworth developed the "donut economics" model, visualizing a balance between human needs and planetary boundaries.
- The donut's inner ring represents unmet needs, while the outer ring signifies ecological overshoot.
