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Economics

Doughnut Economics

by Kate Raworth · 2024 · 320 pages

4.53· 310 ratings

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Key Insights · 8 min

Doughnut Economics

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Change the goal: From GDP to the Doughnut

The Doughnut's inner ring – its social foundation – sets out the basics of life on which no one should be left falling short. The Doughnut model redefines economic success. It envisions a sweet spot where human needs are met without overshooting Earth's ecological ceiling. This replaces the outdated pursuit of endless GDP growth with a more holistic goal: The Doughnut challenges us to create economies that are: Far from floating against a white background, the economy exists within the biosphere, that delicate living zone of Earth's land, waters and atmosphere.

Lesson 1: Change the goal: From GDP to the Doughnut

One of the most counterintuitive ideas in Doughnut Economics: knowing when to stop is as important as knowing when to push. Kate Raworth argues that the clearest path to failure is an inability to define what 'enough' looks like for you personally.

Lesson 2: See the big picture: The economy is embedded in society and nature

This principle from Doughnut Economics is backed by Kate Raworth's extensive research and real-world examples. Understanding it deeply can shift how you approach decisions, relationships, and long-term planning in meaningful ways.

Lesson 3: Nurture human nature: We are social, interdependent beings

This principle from Doughnut Economics is backed by Kate Raworth's extensive research and real-world examples. Understanding it deeply can shift how you approach decisions, relationships, and long-term planning in meaningful ways.

How to Apply Doughnut Economics's Lessons

The real value of Doughnut Economics lies in its applicability. After reading, the most important step is identifying which of Kate Raworth's principles speak most directly to your current situation.

Consider keeping a journal while reading — noting where the ideas challenge your current approach and where they confirm what you already suspected. The friction of your own resistance often points to the most important insights.

Key Quote

"Change the goal: From GDP to the Doughnut" — Kate Raworth, Doughnut Economics

About the Author

Kate Raworth is the author of Doughnut Economics. The book reflects years of research, observation, and synthesis of evidence from multiple disciplines.

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