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kek7rdu's review
5.0
indescribable how amazing, thought-provoking, and interesting this book was. i knew i wasn’t crazy trying to study econ for good, and donut economics is exactly what i’ve been looking for all these years!! also just a fun, enjoyable (and easy) book to read, i highly recommend this to anyone even vaguely interested in economics or the environment
the_schaef's review against another edition
5.0
Excellent and refreshing new perspective. The author challenges many main stream economic theories, in particular the concept that ongoing growth is good. She goes onto offer many alternative ideas. Hopefully the political will to consider some of these ideas exists, so that they can be debated and considered so that an environment such as they author describes can come closer to fruition.
edriessen's review against another edition
5.0
Het is belangrijk om de alternatieven voor de traditionele groeigedachte te leren kennen en te leren hoe zij toegepast kunnen worden.
sonialusiveira's review
3.0
Doughnut Economics is kind of a wake-up call type of book full of metaphors to transform our capitalist worldview obsessed with growth into a more balanced, sustainable perspective that allows both humans and our planet to thrive. Maybe it's the accent of the narrator but there is something about the tone of the book that makes it not so engaging.
Few take-aways:
- Doughnut economics theory : Imagine a doughnut with two rings - the inside edge (represents social foundation that consists of 12 basic human needs) and the outside edge (represents ecological ceiling include planetary boundaries that protect lives on Earth such as pollution, climate change, etc). And between these two rings is the dough that lies the 'safe and just home for humanity' that offers a balanced dynamic where humanity can meet their social needs without overburdening the planet.
-Economics is obsessed by growth and GDP but it's a narrow metric that doesn't tell the whole story.
-The real world economy is a complex network of interrelated systems. The supply and demand theory is an oversimplified model used to explain the changes in real market economy but doesn't reflect the truth. The assumption that the market will respond to certain events in predictable ways is dangerous because it overlooks the unpredictable booom-and-bust cycles of the market.
-To ensure we stay in the 'dough' of the doughnut, we need to change the linear economy into a circular one. In order to make our economy truly circular, we need to focus on maximizing the reusability of goods and services.
Few take-aways:
- Doughnut economics theory : Imagine a doughnut with two rings - the inside edge (represents social foundation that consists of 12 basic human needs) and the outside edge (represents ecological ceiling include planetary boundaries that protect lives on Earth such as pollution, climate change, etc). And between these two rings is the dough that lies the 'safe and just home for humanity' that offers a balanced dynamic where humanity can meet their social needs without overburdening the planet.
-Economics is obsessed by growth and GDP but it's a narrow metric that doesn't tell the whole story.
-The real world economy is a complex network of interrelated systems. The supply and demand theory is an oversimplified model used to explain the changes in real market economy but doesn't reflect the truth. The assumption that the market will respond to certain events in predictable ways is dangerous because it overlooks the unpredictable booom-and-bust cycles of the market.
-To ensure we stay in the 'dough' of the doughnut, we need to change the linear economy into a circular one. In order to make our economy truly circular, we need to focus on maximizing the reusability of goods and services.
jazlynaw's review against another edition
hopeful
informative
inspiring
medium-paced
4.5
This book did a great job of using empirical evidence to critique the current global economy, particularly the market and global capitalism. It also provided many policy options that we could adopt to correct many of these market failures.
Every economics student should read this book. I completed my economics degree years ago and had many similar critiques and ended up discouraged from pursuing economics after graduating.
I think that changing our values and assumptions in economics is a great starting point for the development of new theories and models. In the field of economics we desperately need to get rid of our old assumptions as they simply do not hold up in the real world.
I do wish this book would have gone into more detail and include an analysis of power that influences the current adoption of this model.
travelingkayte's review
5.0
An absolutely must read for every person who wants a glimpse of hope for our future. We all must understand how to change our thinking in order to overhaul our current economic models that are actively creating the problems and roadblocks to a brighter future.
A wonderful read for non Economists which lays out the economic models the currently run our world.
A wonderful read for non Economists which lays out the economic models the currently run our world.