I wrote the other day about Kate Haworth's Doughnut Economics: Seven Ways to Think like a 21st Century Economist. These are Raworth's seven ways in which she believes we can all start to think like 21st century economists:
1. Change the goal: from GDP growth to the Doughnut.
2. See the big picture: from self-contained market to embedded economy.
3. Nurture human nature: from rational economic man to social adaptable humans.
4. Get savvy with systems: from mechanical equilibrium to dynamic complexity.
5. Design to distribute: from ‘growth will even it up again’ to distributive by design.
6. Create to regenerate: from ‘growth will clean it up again’ to regenerative by design.
7. Be Agnostic about Growth: from growth-addicted to growth-agnostic.
The influence of the circular economy is plain to see here, as is the attempt to change the framing, and the open-mindedness of the approach. I say this despite my reservations about the doughnut model.
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