![]() According to her, if the economy is to better serve humanity’s needs, these core assumptions will need to change. Specifically, she writes that economics has developed some core assumptions about human nature, what an economy exists to do, and what the social science of economics is meant to achieve. In her book Doughnut Economics, Kate Raworth proposes redefining the field of economics. She writes that, as the field has evolved, ![]() Redefining the Goal of Economicsīefore launching into her exploration of how to redefine the goals and future trajectory of economics, Raworth first guides us through the intellectual underpinnings of the economics field as it currently exists. Raworth proposes redefining how economics is taught and the role that economists play in shaping public policy, shifting from a growth-centered approach to a human-centered approach that harnesses the power of economics for the betterment of humanity.īelow is a brief overview of Doughnut Economics by Kate Raworth. In her book Doughnut Economics, Kate Raworth argues that traditional economic theory has been too focused on the economy as a measure of GDP, income, and output. What is Kate Raworth’s book Doughnut Economics about? What is the key message to take away from the book? ![]() Like this article? Sign up for a free trial here. ![]() ![]() Shortform has the world's best summaries and analyses of books you should be reading. This article is an excerpt from the Shortform book guide to "Doughnut Economics" by Kate Raworth. ![]()
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