Why it’s time for Doughnut Economics: from TEDx Athens

Want to help rewrite economics? Then here’s the guerrilla campaign for you – set out in my newly posted TEDx Athens talk on Why it’s time for Doughnut Economics.

There’s one diagram at the heart of economic teaching and thinking which gets embedded in the back of the head of every economics student and sets economic policymaking off on the wrong foot. It’s ripe for updating.

It’s also time we realised that ours is the era of the planetary household – and we need an economic mindset equipped for taking on its challenges. And that’s why it’s time for Doughnut Economics, which puts human rights and ecological integrity at the heart of a 21st century vision of economic development.

In November I talked about these ideas at TEDx Athens, and gave a crash course in economics with a twist – showing in three minutes what they never tell you in three years of a degree. Check it out, and let me know what else needs to be changed in that diagram….

5 thoughts on “Why it’s time for Doughnut Economics: from TEDx Athens

  1. Stephen Maturin
    17 December 2014 at 10:51

    Fantastic – many thanks for lifting the lid on the smoke and mirrors that have been perpetrated on us all for decades, and for which we are all now paying for.

    But also for offering a sensible and sane way of thinking about this stuff. We need a doughnut scorecard for tracking the performance of every government, and for this to be the measure of accountabilty for a more meaningful democracy.

    Keep up the good work – I am off to sharpen my pencil….

    1. 18 December 2014 at 22:02

      Many thanks for your comment Stephen. Oxfam is currently developing doughnuts for the UK, Scotland and Wales so some governments already have a doughnut-shaped scorecard coming their way…

  2. Thomas Hahn
    18 December 2014 at 21:41

    Thanks Kate,
    I have used your doughnut economics picture in my teaching over the last years, probably more than 20 times. Students love it. The context you gave in your Tedx talk is great and I’m spreading this link all over Sweden now. That’s my pencil. It was great seeing you in Stockholm by the way.
    Thomas

    1. 18 December 2014 at 22:01

      Thanks and great to hear from you. Tell me, how do you say doughnut in Swedish? (and don’t tell me it’s “doughnut”!)

      1. Lars-Inge Sand
        8 January 2015 at 15:44

        Thanks a lot for this great lecture. I saw it before the SDSN hangout yesterday with Sara Cornell. Also a very interesting, that why I searched this site.
        Swedish for doughnut, one Munk several Munkar:)