Current Affairs

Kate Raworth is an economist at Oxford University whose book Doughnut Economics: Seven Ways to Think Like a 21st Century Economist is a radical attempt to rethink foundational concepts in economics and create a new framework for a sustainable economy that does not depend on "infinite growth." Prof. Raworth shows how the ideology that growth needs to be "maximized" causes catastrophic ecological destruction while not even building an economy that serves human needs. She goes beyond critique of the dominant paradigm, however, and actually works out some new models that help us think more clearly about what the goals of economics should be and can replace simplistic neoliberal ideas with more sophisticated and realistic models of the way the world works. This conversation offers a useful introduction to Prof. Raworth's revolutionary ideas, which help us think more clearly about what matters and how to balance competing human and ecological needs in the 21st century. Raworth's Doughnut, a diagram that helps us th