No civilization should head out into the world without “Doughnut Economics” in its survival kit. With her modernized thinking, economist Kate Raworth is, in her words, “flipping economics on its head.” UK Guardian columnist George Monbiot calls her new book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, “brilliant, thrilling and revolutionary.”

In this first of a two-part conversation, Raworth explains why it’s way past time to update the approach to economics that’s been taught for over a century. She outlines seven fundamentals to achieving a healthy 21st century economy. Kate advocates painting a new mural over the “intellectual graffiti” keeping us locked into outdated economic thinking.

Kate Raworth is a Senior Visiting Research Associate at Oxford University’s Environmental Change Institute, and Senior Associate at the Cambridge Institute for Sustainability Leadership. From 2002 to 2013 she was Senior Researcher at Oxfam, before which she worked for the United Nations Development Programme where she co-authored the UN Human Development Report from 1997-2001. She’s presented her ideas about “Doughnut Economics” to audiences ranging from the United Nations General Assembly to the Occupy movement.

Listen here to part two of this interview.

Here are the two illustrations mentioned in this interview:

 

Doughnut economy model

 

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