Kate Raworth, Doughnut economics legend, discusses the challenges and successes of doughnut economics adoption. They explore the importance of clear terminology, visual representations, and practical applications in reshaping economic narratives. The podcast covers topics like navigating conflicting perspectives, storytelling in advocating change, rethinking consumption for environmental sustainability, and advocating for a new economic mindset.
Visual metaphors aid in comprehending economic balance for sustainable living.
Promote regenerative and distributive designs through reinvesting in essential services.
Advocate for embedding ecological principles in economics education to reshape policy approaches.
Deep dives
Changing Mindset with Visual Storytelling
Visualizing economic concepts through images and metaphors creates a powerful impact on understanding. Connecting the economy to the health of the human body helps people grasp the balance required for sustainable living. Using visual intelligence alongside traditional discussion methods can effectively communicate the need for lifestyle changes.
Practical Policies for a Donut Economy
Promote regenerative and distributive designs by reinvesting in universal health and education services. Support the architects' initiative for reshaping the built environment to enhance resource efficiency and circular economy practices. Address ownership dynamics by favoring steward-owned businesses over privatization, encouraging employee and cooperative ownership to reshape economic structures.
Rebellion Against Traditional Economics Education
Advocating for a shift in economics education away from traditional teachings like supply and demand ratios. Rebel against the disconnect between standard economic theories and ecological realities. Purport the need to embed ecological principles within economic studies and equip students with a 21st-century economist's mindset for holistic policy approaches.
Inspiring Youth for Paradigm Change
Engaging younger generations in reshaping economic narratives by promoting grounded ecological perspectives. Encouraging students to challenge conventional economics and embrace diverse concepts like post-growth, degrowth, and well-being economics. Instilling a passion for paradigm shifts and inspiring youth to lead the transformation towards more sustainable economic practices.
Empowering Individuals for Change
Encouraging individuals to align their consumption habits with global sustainability goals through initiatives like 'Take the Jump'. Emphasizing resources efficiency, circular economy practices, and communal support towards reducing footprint and promoting better living within planetary boundaries. Fostering community engagement in making tangible lifestyle changes for a more sustainable future.
We welcome Doughnut economics legend Kate Raworth onto the show. Kate talks us through the successes and challenges facing the adoption of doughnut economics
over the last seven years, gives advice on how to better communicate the ideas of ecological economics, and gives her take on the key public policies for getting us closer to a life within the doughnut. Hosted by Sophus zu Ermgassen. Edited by Aidan Knox.
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