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Doughnut Economics with Kate Raworth
Apr 3, 2017
Kate Raworth, a renegade economist, discusses the need for a new economic narrative. She proposes a donut-shaped model where the goal is to meet the needs of all within the means of the planet. The podcast explores measuring individual impact on planetary boundaries and challenges the belief in endless economic growth. It emphasizes the power of changing paradigms and aims to challenge established perceptions and narratives about economics.
52:01
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Quick takeaways
- The podcast challenges the traditional focus on market forces and urges for a more holistic understanding of economics that includes social and environmental concerns.
- The episode emphasizes the importance of rethinking traditional diagrams and images used in economics to better reflect the complexity and interconnectedness of economic systems.
Deep dives
Moving away from a focus on market forces
The podcast episode criticizes the narrow focus on market forces as the solution to economic issues. It argues that the desire to make economics a science like physics has led to a reliance on mechanical equilibrium and the belief that market forces will naturally bring the economy to the right position. This perspective has given rise to neoliberalism's emphasis on letting the market do its work without interference. The episode suggests that this approach has led to a disregard for social and environmental concerns.
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