A 21st-Century Burning Issue: Doughnut Economics

Over time, perception has shifted of what economics ought to represent and how it should be applied. In Kate Raworth’s Doughnut Economics, a new paradigm is presented, meant to replace the prevailing neoclassical one. An introduction to this worldwide influential book and its background: could it be of interest to care ethics?

Kate Raworth, economist at Oxford University’s Environmental Change Institute, focuses on ‘exploring the economic mindset needed to address the 21st-century’s social and ecological challenges.’ In Raworth’s view, economic ideas as taught in introductory courses in university, are centuries out of date. They ultimately lead to ever widening inequality and environmental degradation.
Raworth has started a debate in economic science, criticizing many of its dogmas. She calls herself an activist, and so is not providing a blueprint. She aims to bring together international critical economy student movements, politicians and policymakers, as well as many others who are aware the ‘growth’ story must end.

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