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sonialusiveira 's review for:
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.