Can we think like 21st century economists?

Posted in: Comment, New Publications

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.

Posted in: Comment, New Publications


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