Doughnut Economics: The must-read book that redefines economics for a world in crisis

It draws on diverse schools of thought, such as complexity, ecological, feminist, institutional and behavioural economics. They are all rich with insight but there is still a risk that they will remain separated in silos, each school of thought nestled in its own journals, conferences, blogs, textbooks and teaching posts, cultivating its niche crit

This century needs economic thinking that unleashes regenerative design in order to create a circular – not linear – economy, and to restore humans as full participants in Earth’s cyclical processes of life.

But in the context of today’s social and ecological crises, how can this single, narrow metric still command such international attention?

Second, see the big picture. Mainstream economics depicts the whole economy with just one, extremely limited image, the Circular Flow diagram.

they declared in an open letter in 2014: The teaching of economics is in crisis too, and this crisis has consequences far beyond the university walls. What is taught shapes the minds of the next generation of policymakers, and therefore shapes the societies we live in … We are dissatisfied with the dramatic narrowing of the curriculum that has take

In economic terms, healthy hierarchy means, for example, ensuring that the financial sector is in service to the productive economy, which in turn is in service to life.

Pre-analytic vision. Worldview. Paradigm. Frame. These are cousin concepts. What matters more than the one you choose to use is to realise that you have one in the first place, because then you have the power to question and change it.

Political economy ‘does not treat the whole of man’s nature … nor the whole conduct of man in society’, he argued in 1844. ‘It is concerned with him solely as a being who desires to possess wealth.’

As the American ecologist Aldo Leopold deftly put it, we need to transform the way we see ourselves, ‘from conqueror of the land-community to plain member and citizen of it’.41 Thanks to forty years of Earth-system research, we have a rapidly improving scientific understanding of how the Holocene epoch – with its stable climate, ample fresh water,