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Oxford economist Kate Raworth, hailed as 'The John Maynard Keynes of the 21st century,' discusses her revolutionary concept of Doughnut Economics with environmentalist George Monbiot. They explore reshaping economic systems for sustainability and equity, critiquing conventional models and advocating for a more interconnected approach. The conversation also delves into human behavior, societal influences, and the evolution of academic disciplines towards systemic thinking in economics.
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- Donut Economics redefines prosperity by meeting all essential needs sustainably within planetary boundaries.
- Shift from traditional economic models to embedded economy for social and environmental considerations.
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The Concept of Donut Economics
Donut Economics is introduced as a way to define human prosperity in the 21st century. The main idea is to ensure that nobody falls short on life's essentials while staying within the planetary boundaries. The concept envisions meeting the needs of all people sustainably. The goal is to balance human prosperity with environmental sustainability.
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