Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

by Kate Raworth

As a result, mainstream economic theory is obsessed with the productivity of waged labour while skipping right over the unpaid work that makes it all possible, as feminist

Today’s economy is divisive and degenerative by default. Tomorrow’s economy must be distributive and regenerative by design.

‘Before you charge in to make things better, pay attention to the value of what’s already there.’

‘Don’t ask: what’s my fair share to take?’ Benyus explains. ‘Ask: what other benefits can we layer into this so we can give some away?’27

At least $18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing an annual loss of more than $156 billion in tax revenue, a sum that could end extreme income poverty twice over.58

mind. So to today’s economics students, I would simply say this: be watchful over the ideas that others try to sketch upon your mind. Look out for the words, be wary of the equations, but most of all pay attention to the pictures, especially the most fundamental ones, because they go in deep without your even realising it.