Everyone else! The Winners of the 8th Way to Think Like a 21st Century Economist

Back in January, Rethinking Economics and Doughnut Economics got together and launched a competition based on the ‘seven ways to think like a 21st century economist’ set out in Kate Raworth’s book Doughnut Economics. The challenge that we threw down was this:

We’ve been amazed and delighted to receive over 250 entries across three categories – schools, universities, and everyone else – covering a very wide range of themes. And we have been sent a brilliant array of ideas, perspectives, formats and presentations – from text, drawings, audio, and video, to animations, cartoons, prezis, and more.

In other words, we’ve been bowled over by the response. So here’s a very big thank you to everyone who has entered and shared their ideas so generously and creatively. Over the last two days, we have announced our fabulous winners in the School Student and University Student categories – do check them out.

Today we are delighted to announce the winners of the ‘Everyone Else’ category. We want to thank and congratulate everyone who entered the competition – we were really impressed and inspired by the conviction inherent in the ideas you submitted, and the brilliant ways you shared them. We hope that every one of you will keep on rethinking economics to help make it fit for the century ahead.

As for our winners – here’s goes, with a big drum roll……!

FIRST PLACE: ‘From Business Case to Systems Case: Make Better Decisions’ by – Camila Pestana, Abha Lakhotia, Kate Watson, Ann Main, Johanna Hofmann, Marlies Wisse, Nicol Mayr, and Tom Rippin.

Our judges say:
Very well-presented and sensible (and much needed) focus on systems thinking – Steve Keen

Changing our decision making processes to take a systems perspective is important – Eric Beinhocker

Good idea and execution – the challenge is introducing the systemic incentives to adopt this approach! – Indy Johar

Really essential look at the systemic issue behind a lot of the social and ecological problems we see today. Thank you! – Ross Cathcart

***

Three Runners up (in alphabetical order)

RUNNER-UP: ‘Changing the purpose of money’ by Jan Kubben

Our judges say:

That money is designed and can be redesigned has to be one of the great messages of our time, and you tell it beautifully here – Kate Raworth

Technology gives us the means to re-imagine currency – and money. An interesting subject in real need of a radical shake-up! – Indy Johar

Clear, effective, engaging and hopefully achievable! A very impressive entry to the competition – Ross Cathcart

***

RUNNER-UP: ‘Radical Transparency’ by Anna Murphy (Project Heather)

Our judges say:

There is currently very little transparency through supply chains to the consequences of decisions we make, more transparency would certainly have an impact, and this entry effectively argues for that – Eric Beinhocker

Love this idea, and the audio presentation of it – congratulations – Kate Raworth

A good governance frame to drive equitable economies. Congratulations – Indy Johar

***

RUNNER-UP: ‘Time matters: Acknowledging comprehensive well-being’ by Jorge Rosales-Salas
Read the entry here

Our judges say:

Time is our ultimate budget constraint, yet it is little taken into account in either economics or theories of well-being – Eric Beinhocker

Time as tool of equality, an area too often under presented in economics! Thank you! – Indy Johar

Time is the ultimate constraint! Something too often overlooked in a world with a ticking ecological clock – Ross Cathcart

***

So congratulations to all our winners – now let’s get to work turning these ideas into reality.

Tomorrow (Friday 7th June) we’ll be turning all the submissions for this competition into a fantabulous collaboration, so look out for a brilliant ecosystemic celebration of all of the ideas submitted!….

15 thoughts on “Everyone else! The Winners of the 8th Way to Think Like a 21st Century Economist

  1. Jonathan Squire
    6 June 2019 at 12:50

    Thank you Kate for all that you do.

    I wished that Peter Joseph was not so rigid and could see that you are the way to achieve the ‘Resource Based Economy’ by winning people over bit by bit if we are to achieve a type 1 civilisation.

    I get his frustration, as mine, for seeing this in the coming for decades now and ultimately he is right.

    “Markets are a failed system. Not viable. Don’t have requisite variety and move absolutely toward dis-equilibrium at all times. The ecological crisis will never be solved in a Market-based system, no matter how people twist and turn.” – Peter Joseph

    Ultimately we have a decade to turn things around to prevent our extinction event. I hope we can all eventually work together to make this happen.

    Love all you do
    Jonathan x

    1. 6 June 2019 at 13:54

      Perhaps an RBE is the ultimate destination but there needs to be a transitional step from here to there. We can’t just magically get rid of all money and pretend all resources and property have no value. Here’s a very detailed thought provoking transition plan: Common-Planet.org

  2. Jonathan P
    6 June 2019 at 14:07

    So the winners think we need a new System but fail to mention any ideas for it. I don’t understand what is the point of this contest?

    1. 6 June 2019 at 21:51

      I have similar feelings. Some (not all!) entries propose changes that seem to work like magic. We know that’s as realistic as the Invisible Hand.
      Also, several entries propose changes in the system (things that can be considered policies or guidelines), not mindset shifts.
      I am so confused.
      I need to write many considerations about all this. I plan on writing them on my blog. I hope nobody will feel personally attacked, I just really need to discuss ideas and why I see some things as really problematic.

      1. Alice
        25 June 2019 at 23:29

        I am a nobody, and nobody asked for it, but here’s the blog post I had “promised” in the comment above, in which I also comment on these entries: https://aliceintheanthropocene.wordpress.com/2019/06/25/8thwaytothink-like-a-21st-century-economist-reflections/

        Comments are honest and blunt, for the sake of having a honest discussion. I hope nobody will feel offended–my intention is to challenge, not to offend.
        If anyone has any problem with what I wrote, please contact me (contact details are included in the blog post).

  3. 6 June 2019 at 14:22

    Congratulations to all winners, runners-up and participants. Really looking forward to the fantabulous collaboration.

  4. 6 June 2019 at 18:28

    What an inspiring and refreshing competition. Looking forward to even more fantabulouslessness!

  5. Michael Gill
    7 June 2019 at 08:27

    Give every farm and village a biomass pyrolizer and they can stop waste pollution, create their own energy and add carbon to their soil to improve it.

  6. Dawn Gaetke
    8 June 2019 at 01:10

    I am taking a course on Corporate Social Responsibility right now. I can’t wait to throw the idea of Radical Transparency into the notion of corporate reporting. Way to go Project Heather.
    I am also a product manager and I love the idea of a systems case rather than a business case.
    Well done all!

  7. 12 June 2019 at 16:59

    Is there any way to see Jan Kubben’s entry ‘Changing the purpose of money’ ? Here at Positive Money we’d be thrilled to see it!

    1. 13 June 2019 at 10:23

      There are 4 things that humanity must do to be sustainable.
      1. Halve the world population, leaving as much diversity as possible.
      2. Even out the peoples wealth, lowest to highest times10.
      3. All knowledge should be available as commons.
      4. Nature has no rules, but unnecessary violence costs one.

    2. 17 June 2019 at 19:37

  8. 13 June 2019 at 18:01

    Another design more of a currency. KptlTruth

    It is a local electronic currency which the program distributes based on the following value hypothesis: individuals with better evaluations from third parties based on a questionnaire of human axiological values and everyday behavioural attitudes will have more money.

    Those individuals who receive more mutually agreed transfers from other participants and payments for goods and services in the real world will also have more money. Individuals who deal in this currency live in close proximity and know each other personally, or at least coexist in close proximity, so as to be able to evaluate each others behaviour and values based on everyday experiences.

    It is also distinguished because their total amount of distributable electronic coins is specific, closed and limited.