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Publisher's Summary

Random House presents the audiobook edition of Doughnut Economics written and read by Kate Raworth.

Economics is broken. It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a scale that threatens all of our futures.

Can it be fixed? In Doughnut Economics, Oxford academic Kate Raworth identifies seven critical ways in which mainstream economics has led us astray, and sets out a roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet. En route, she deconstructs the character of 'rational economic man' and explains what really makes us tick. She reveals how an obsession with equilibrium has left economists helpless when facing the boom and bust of the real-world economy. She highlights the dangers of ignoring the role of energy and nature's resources - and the far-reaching implications for economic growth when we take them into account. And in the process, she creates a new, cutting-edge economic model that is fit for the 21st century - one in which a doughnut-shaped compass points the way to human progress.

Ambitious, radical and rigorously argued, Doughnut Economics promises to reframe and redraw the future of economics for a new generation.

Longlisted for the Financial Times & McKinsey Business Book of the Year Award 2017

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio on our desktop site.

©2017 Kate Raworth (P)2017 Random House Audiobooks

Critic Reviews

"The John Maynard Keynes of the 21st century." (George Monbiot, The Guardian)
"This is sharp, significant scholarship.... Thrilling." ( Times Higher Education)
"A really important economic and political thinker." (Andrew Marr)

What members say

Average Customer Ratings

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awfull

this book keeps focussing on graphics and images, all the while referring to the 'conpanion booklet'. if I had my hands and eyes available I would be reading a paper book. this is like listening to a comic book. absolutely worthless.

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Idealistic, provocative and preachy

Listened to it twice just to really get the hang it. Idealistic, provocative and preachy. Will follow the movement, not yet a fan.

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A must read for anyone interested in sustainability

A wonderful review of economic thinking and where it all went wrong. Puts economics in a new light, helping to reader to see how new economic thinking can be part of the solution. Made me eager to want to learn more.

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  • S J Bennett
  • 05-21-18

Got better as it went along

A good book for understanding what people are proposing to overcome the shortcomings of today’s pervasive economics-based goals and reasoning. I was underwhelmed by the off-hand dismissals of all neoclassical economic thinking in the first half (a convincing treatment of why we need something better would have made it easier to go along with the story of how to go about it) but it improved and became more balanced. My lingering concerns: the focus is almost all on national economies and policies but there is almost nothing about how one country could break free of the growth paradigm without wrecking the value of its currency and its standing in the international economy, especially vis-à-vis multinationals; too much easy optimism drawn from very localised and context-specific case studies like small, isolated tribes and early-stage renewable power projects.

3 of 3 people found this review helpful

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  • Dr. M. A. Edwards
  • 07-05-18

compelling arguments but misses one vital issue.

My take on her work is - it's all compelling, its all correct, it all makes sense, it speaks to our better natures and is a wealth of possibilities to see a thriving world for future generations. It's just I don't think it's powerful enough to offset our greed, selfishness, tribalism, neolibralism and xenophobia. Those fears and drivers are just too strong. Much like in iterations of the prisoners dilemma, we all know what we should do, we know we would all be better off, but we still choose the other path. I just don't think we have it in ourselves to enter and stay in the doughnut.

2 of 2 people found this review helpful

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  • Bettina von Stamm
  • 09-28-18

A must read for anyone who wants to see a future for their children’s children

I have been listening to Kate read her book, and am wondering, yet again, why it is that we have such brilliantly put together insights and suggestions for how to address the challenges Ll of us in the beautiful planet face, yet fail to act on it. Well, I am not really wondering as a fundamental shift in thinking and worldview would be necessary, and does not come easily. It all makes so much sense, yet the tragedy is, while it seems so much common sense, the problem with common sense is that it is anything but common ...

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  • J Wellwood
  • 08-09-18

detailed but approachable and inspiring

a excellent academic foray into the history and hopefully future of economics thinking and practice- read with humour, insight and intelligence.

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  • Anonymous User
  • 07-16-18

Great book, but audio version could be improved

Fascinating book, learned a lot. It is well researched, multi dimensional and changed the way I think. I found it rather heavy going to begin with but soon got into it. I Found Kate's reading pace too fast for me though, and could do with another listen. The audio kept cutting out at the beginning of sentences (particularly chapter 6/7) which was distracting. Also the illustration supplement is often referred to but I don't know how to get that (yet).

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  • Skiamakhos
  • 06-25-18

Fairly solid economic theory.

I like that the book is read by Kate herself. This is so much better than Picketty's "Capital" read in a drawling American accent. I think "Doughnut Economics" should be read, or listened to, by everyone. There are changes in this book which need to happen soon. I'm writing this as we begin yet another "hottest summer on record".

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  • Amazon Customer
  • 05-13-18

A hard doughnut to swallow

Doughnut Economics is a really cute title. It is unfortunately not the only cringeworthy aspect of this book. Kate Raworth's ambitious fairytale for adults encompasses Life, the Universe and Everything. It warns against ecological and economic overshoot but itself overshoots in its wide-eyed claims and heterodox heresies.

The book has a few central problems: 1) It attempts a synthesis that lacks solid foundations and relies on ephemeral, dubious premises. 2) It is too utopian in its claims about the powers of social planners to "steward" social complexity. 3) It misrepresents basic economic facts, historical and theoretical, e.g. the nature of economic growth and the views of neoclassical and "neoliberal" (always a sign of trouble) thinkers. 4) It preaches humanistic pluralism and social cooperation but reeks of totalitarian impulses, what with its call for top-down global governance structures and for the subjugation of almost all private interests and markets to democratically agreed-upon ends. 5) Did I mention how much I hate the title?

Now, that sounds quite harsh, and that is intentional, but the book is not all bad. It explores absolutely crucial avenues, from environmental sustainability to the digital commons, from alternative currencies to basic income schemes, from land value taxation to financial reforms. It provides food for thought for any thinking person and it crystallizes a kind of a new manifesto for progressivism. But it overshoots. It fails to temper its high architectural hopes with engineering modesty. It doesn't get that complexity is an emergent order that cannot be set to serve particular chosen ends without sacrificing its very life force.

"Regenerative and distributive" is a nice catch phrase, but a more accurate one may be "all aboard the happy train, this way lies unwarranted short-lived enthusiasm." If you feel the calling in your heart, go ahead and follow the vision, my brave Soldiers of the Order of the Doughnut. But harken these words: do not be surprised if you encounter many road blocks - unexpected glitches in the Doughnut matrix - on the way to the completion of your sweet utopia.

1 of 2 people found this review helpful

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  • Casper van der Kolk
  • 04-06-18

Eyeopener. Welcome on the new world!

I like the structure of the book. it is also understandable for non economics. Must read!

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  • si1981
  • 03-11-18

Revelation in economic theory

This book, perhaps more than any other,has made sense of why I fell out of love with economics as a undergraduate. However, more importantly it provides a ray of hope for a future beyond pursuit of GDP growth.

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  • JP
  • 02-26-18

A really thought provoking book

Everyone should read this book- especially if you studied economics (as I did). She’s made me rethink the framework and approach to economics. Thoroughly recommend it

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  • Anonymous User
  • 09-17-18

Must Read

For anyone interested in the economic, policy and social change required to ensure we avoid catastrophic changes into our collective future.

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  • Marita
  • 05-05-18

Makes perfect sense

I couldn't disagree with anything in this book. I've now bought the hard copy. Some bits were read a bit too quick for me to be able to absorb but finally I'm hearing someone speak about economics in a way that makes sense to me. Very refreshing. Clearly laid out, and easy to go back to particular points. A must read.

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  • ben
  • 03-26-18

excellent

quite excellent. refreshing. exciting. solid. gives one hope about a world that seems to be a few degrees off the right direction.

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  • Katherine
  • 03-01-18

transformative!!

there is such an opportunity in this work to truly understand where we are, how we got here and how we can choose our way out it. ANYONE can hear the need for change, few have detailed the global processes necessary. I am now a 21st century economist, best we all begin to own that title, that we may be in deeper relations with a future we can thrive in!

0 of 1 people found this review helpful