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jofmat 's review for:
Usually, I don't take out time writing reviews. But this book is anything but usual.
This is an important book.
The state of both world and personal affairs has left much to be desired - even making us question the very nature of our wants and 'desires'. How much of it is what we truly seek (and value) and how much is manufactured by economic design?
Kate Raworth has done a wonderful job of breaking down the design for the layperson. She has shown how the beliefs underpinning our economy are not sustainable and need to evolve. What she has also done really well is give us a peek into what the stalwart economists did what they did, and why we need to be brave to do what we must given the contexts we have. This is the simple message for the contemporary economists and students of economics - if the stalwart economists were here today to witness our world today, they would be shocked at how our mainstream economy continues to function. it really made me question how I would want to function in the world, and how I can contribute, in an 'economic' sense (and in the widest sense of the term) to make things better in our world.
The strength of the book is also a minor weakness - it packs in too much for the reader and could be a cognitive load for the reflective reader. Some of the ideas Raworth touches upon merit huge sections compared to a few paragraphs which at times seem fragmented. Also, as she admits, most of the suggestions and issues she has pointed out are limited to the WEIRD nations - Western, Educated, Industrialised, Rich and Democratic. Considering that there are influential powers emerging elsewhere like India and China (and where the youth will grow up to have a great impact), it would have been nice to look into the dynamics of these economies as well.
I believe this should be mandatory reading for students of economics. If only the departments in colleges and universities are ready to embrace truth, and the challenges of the future.
This is an important book.
The state of both world and personal affairs has left much to be desired - even making us question the very nature of our wants and 'desires'. How much of it is what we truly seek (and value) and how much is manufactured by economic design?
Kate Raworth has done a wonderful job of breaking down the design for the layperson. She has shown how the beliefs underpinning our economy are not sustainable and need to evolve. What she has also done really well is give us a peek into what the stalwart economists did what they did, and why we need to be brave to do what we must given the contexts we have. This is the simple message for the contemporary economists and students of economics - if the stalwart economists were here today to witness our world today, they would be shocked at how our mainstream economy continues to function. it really made me question how I would want to function in the world, and how I can contribute, in an 'economic' sense (and in the widest sense of the term) to make things better in our world.
The strength of the book is also a minor weakness - it packs in too much for the reader and could be a cognitive load for the reflective reader. Some of the ideas Raworth touches upon merit huge sections compared to a few paragraphs which at times seem fragmented. Also, as she admits, most of the suggestions and issues she has pointed out are limited to the WEIRD nations - Western, Educated, Industrialised, Rich and Democratic. Considering that there are influential powers emerging elsewhere like India and China (and where the youth will grow up to have a great impact), it would have been nice to look into the dynamics of these economies as well.
I believe this should be mandatory reading for students of economics. If only the departments in colleges and universities are ready to embrace truth, and the challenges of the future.