Book Review: Doughnut Economics

Kate Raworth: “Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist”

The next book I’d like to discuss is a bestselling book by Kate Raworth. I bought the book after I watched her TED talk “A healthy economy should be designed to thrive, not grow”. I felt like somebody finally summed up many of my doubts about modern day economic practice, so I wanted some more insights by reading the book as well.

The first thing I really liked about this book was how the author understands the power of pictures. As an economy major, I’m quite familiar with many of the traditional graphs from economic theory she mentions in the book. And although I like to think of myself as a critical thinker, I’m sure these graphs and pictures influenced my thinking – subconsciously at least.

In her book Kate Raworth makes a big effort to discuss all of these traditional, well-known pictures and the concepts behind them. She points out what is wrong about them, makes suggestions for alternative ways to tackle the issue and provides new pictures to think in. This is all linked to highly interesting case studies and examples from the real world.

While there are some few lengthy sections in the book, I really enjoyed reading it all in all. Some ideas mentioned have already been discussed in public dispute quite intensively, others are rather new (at least to me). In any case, the book really gets you thinking about nothing less than the current world order and it gives you the feeling that changing it is not only necessary, but not that hard to do – if we all decide to make our own little contribution.

Summing up, this was a truly inspirational read and I highly recommend it to anyone who is at least slightly interested in economic theory and wants to make their own contribution to changing towards a more sustainable, more generous world.

Overall rating: ★★★★★ (5/5)

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