---
product_id: 57740128
title: "Doughnut Economics: The must-read book that redefines economics for a world in crisis"
price: "124.30 DT"
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---

# Doughnut Economics: The must-read book that redefines economics for a world in crisis

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Discover the bestselling book that reveals how mainstream economics has led us astray - and what we can do to fix it, now with a new afterword. *The Sunday Times Bestseller* *A Financial Times and Forbes Book of the Year* *Longlisted for the FT/McKinsey Business Book of the Year Award* Relentless financial crises. Extreme inequalities in wealth. Remorseless pressure on the environment. Anyone can see that our economic system is broken. But can it be fixed? Oxford academic Kate Raworth has identified seven critical ways in which mainstream economics has led us astray - from selling us the myth of 'rational economic man' to obsessing over growth at all costs - and offers an alternative roadmap for bringing humanity into a sweet spot that meets the needs of all, within the means of the planet. Ambitious, radical and provocative, Doughnut Economics offers a new cutting-edge economic model fit for the challenges of the 21st century. Praise for Doughnut Economics: 'Raworth's magnum opus . . . Fascinating. ' Books of the Year, Forbes 'At last – an economic model that won't destroy the planet . . . the John Maynard Keynes of the 21st century. ' Guardian 'This is sharp, significant scholarship . . . Thrilling .' Times Higher Education ' A book you will need to know about . . . If only 10% of the ideas get implemented, the world will be a much better place .' Dr Duncan Green, Professor in Practice in International Development at LSE '[Raworth's] biggest question . . . is one that terrifies all mainstream economists : is 'growth' endless?' Andrew Marr, Spectator 'A compelling and timely intervention.' The Ecologist

Review: good critique of "economic science" that is long overdue - At its worst, economics is a highly mathematical undertaking that is completely useless for understanding anything about the real world. Rather than explain inflation or international trade, you get utility functions, aggregate supply and demand curves that were supposed to wind up in some incomprehensible equilibrium, so obscure and bound up in such highly abstract assumptions that only a mathematician could understand it all and that utterly lacked any real-world relevance. For all of these reasons, I found Doughnut Economics both fascinating and useful. Raworth challenges academic "economic science" and offers a number of new notions that I hope will fundamentally re-shape the field. In addition, the book is lucidly written, which stands in stark contrast to the abstruse crap that so many economists churn out, where they twist logic into bizarre configurations and examples. It is practical, based on common sense notions, and relatively easy to understand. Raworth offers 7 "ways to think". First, we need to change the goal from one of unending "growth" of GDP to an equilibrium state inside the doughnut shape: in the hole, social needs are neglected; outside the edge, ecological concerns are violated. The doughnut encompasses a number of factors in dynamic balance, including social equity, work and income, global warming, resource depletion, etc. Second, instead of a hermetically sealed engine that flows between business and households in an unending circle, which neglects the bigger picture, we need to view the economy as embedded in both an evolving society and the larger ecosystem. Third, we must concentrate not on a single, abstract, selfish individual maximizing his/her well being in consumption of goods, but on socially adaptive communities of individuals who must work together for many other intangible values. Fourth, we need to integrate a systems approach, replacing the artificial calculation of an abstract equilibrium state, i.e. feedback loops of factors offer a more realistic image and concept of the economy than the simple assignment of an optimal overall price. Needs change and act upon each other dynamically, there is no "Pareto optimality". Fifth, the economic system should be designed to distribute resources fairly; inequality, in her view, is a failure of the system, not its inevitable outcome. This introduces a strong, legitimate role for public policy and activist government rather than some assumption that the "market" will achieve fairness or efficiency. Sixth, taking sustainability into account, the system can be set up to regenerate itself rather than simply use natural resources as inputs. Seventh, we have to give up the notion that GDP growth is the most important measure of how well the economy functions. Not only is perpetual growth a physical impossibility - indeed we are reaching the limits of capitalist growth rates at the levels we knew from 1870 to 1970, the golden age - but it diverts attention from more pressing tasks. Raworth gets into lots of technical detail. I could not do justice to her model in this description, indeed I will have to go back and re-read the book a few more times before I fully grasp it myself. Whatever, this is a marvelously stimulating intellectual journey that is also of vital importance. I do have a criticism of the tone of the book. Some of it reads like a TED talk, a formula that bores me to tears. The examples given are also too brief for my taste and need to be expanded upon in much great detail. Finally, there is a bit of zaniness in it that bothered me on occasion. For example, I would rather call it a torus than a doughnut, as I believe the associations with that are more serious. Perhaps it's nitpicking. Recommended with enthusiasm.
Review: Economics finally comes of age, a true paradime shift. Everyone should read it now! - I agree completely with George Monbiot's review. This book is a comprehensive tour de force of the systems and mind set required for our survival. Doughnut Economics should become the basis for the education of our children, and ourselves. There's no esoteric language found within its pages, it can be read and understood by everyone. The books content is quite dense so it's not the sort of book to skim through quickly. It is evident that Kate Raworth has completely immersed herself in the subject over many years, drawn together the most important strands, then with a dash of brilliance, allowed herself to distill the simple essence of necessary change into one book. Our consciousness needs a leg up - this book can do it. Our political and business infrastructure seems set like stone in the old order. Shifting this mass in any meaningful way will not happen unless we demand it. Currently all political parties are resolute in their determination to look and go backwards. They maintain that there are no solutions except more of the same and are comfortable with this since their proponents gain so much personally from these policies. The biggest political passion of the moment is fiddling with Brexit while Earth burns. Thus do the years slide by. Pressure will have to come from the bottom up. The solutions are here in this book but don't underestimate the opposition from the established order. The fact that the economics departments of universities around the world are still teaching the same old neo-con claptrap Voodoo science without reference to any other science or even economic history is a crime of the highest order. If this continues for much longer the future death of millions, a genocide, the greatest crime against humanity, will be fairly placed on their heads. Doughnut Economics is the most enlightened book on economics for 100 years - it brings it all together beautifully. Read it and press for change. With these tools and more like them we may just make it. PS. Here are some puzzles for growth addicts. Imagine all the wealth of an Ancient Egyptian King gathered together to fill a 1 meter cube box, then allow 4% growth per year. How big is the box now? There are some good videos on YouTube - search Exponential Function to immerse yourself in the challenge. Answer. The box is now millions of times bigger than our solar system. Any conventional notions we may hold of reasonable economic growth explode, double quick, under the lens of real scientific inquiry. A 2% loss of rare materials in the production cycle goes equally badly in the opposite direction, rapidly towards zero materials remaining for future generations. Here's another puzzle - if we continue to use energy on current trends, from whatever source, renewable or not, how long before we boil the oceans dry? If you need any help solving this one ask a physicist, an economist will have nothing to offer. The Exponential Function is the simplest and toughest reality check of what is sustainable and what is not, so welcome to hard science Mr Economic Man.

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | 7,017 in Books ( See Top 100 in Books ) |
| Customer Reviews | 4.5 out of 5 stars 3,952 Reviews |

## Images

![Doughnut Economics: The must-read book that redefines economics for a world in crisis - Image 1](https://m.media-amazon.com/images/I/91IFJEoqmlL.jpg)

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## Customer Reviews

### ⭐⭐⭐⭐⭐ good critique of "economic science" that is long overdue
*by R***D on 28 January 2019*

At its worst, economics is a highly mathematical undertaking that is completely useless for understanding anything about the real world. Rather than explain inflation or international trade, you get utility functions, aggregate supply and demand curves that were supposed to wind up in some incomprehensible equilibrium, so obscure and bound up in such highly abstract assumptions that only a mathematician could understand it all and that utterly lacked any real-world relevance. For all of these reasons, I found Doughnut Economics both fascinating and useful. Raworth challenges academic "economic science" and offers a number of new notions that I hope will fundamentally re-shape the field. In addition, the book is lucidly written, which stands in stark contrast to the abstruse crap that so many economists churn out, where they twist logic into bizarre configurations and examples. It is practical, based on common sense notions, and relatively easy to understand. Raworth offers 7 "ways to think". First, we need to change the goal from one of unending "growth" of GDP to an equilibrium state inside the doughnut shape: in the hole, social needs are neglected; outside the edge, ecological concerns are violated. The doughnut encompasses a number of factors in dynamic balance, including social equity, work and income, global warming, resource depletion, etc. Second, instead of a hermetically sealed engine that flows between business and households in an unending circle, which neglects the bigger picture, we need to view the economy as embedded in both an evolving society and the larger ecosystem. Third, we must concentrate not on a single, abstract, selfish individual maximizing his/her well being in consumption of goods, but on socially adaptive communities of individuals who must work together for many other intangible values. Fourth, we need to integrate a systems approach, replacing the artificial calculation of an abstract equilibrium state, i.e. feedback loops of factors offer a more realistic image and concept of the economy than the simple assignment of an optimal overall price. Needs change and act upon each other dynamically, there is no "Pareto optimality". Fifth, the economic system should be designed to distribute resources fairly; inequality, in her view, is a failure of the system, not its inevitable outcome. This introduces a strong, legitimate role for public policy and activist government rather than some assumption that the "market" will achieve fairness or efficiency. Sixth, taking sustainability into account, the system can be set up to regenerate itself rather than simply use natural resources as inputs. Seventh, we have to give up the notion that GDP growth is the most important measure of how well the economy functions. Not only is perpetual growth a physical impossibility - indeed we are reaching the limits of capitalist growth rates at the levels we knew from 1870 to 1970, the golden age - but it diverts attention from more pressing tasks. Raworth gets into lots of technical detail. I could not do justice to her model in this description, indeed I will have to go back and re-read the book a few more times before I fully grasp it myself. Whatever, this is a marvelously stimulating intellectual journey that is also of vital importance. I do have a criticism of the tone of the book. Some of it reads like a TED talk, a formula that bores me to tears. The examples given are also too brief for my taste and need to be expanded upon in much great detail. Finally, there is a bit of zaniness in it that bothered me on occasion. For example, I would rather call it a torus than a doughnut, as I believe the associations with that are more serious. Perhaps it's nitpicking. Recommended with enthusiasm.

### ⭐⭐⭐⭐⭐ Economics finally comes of age, a true paradime shift. Everyone should read it now!
*by P***. on 9 May 2017*

I agree completely with George Monbiot's review. This book is a comprehensive tour de force of the systems and mind set required for our survival. Doughnut Economics should become the basis for the education of our children, and ourselves. There's no esoteric language found within its pages, it can be read and understood by everyone. The books content is quite dense so it's not the sort of book to skim through quickly. It is evident that Kate Raworth has completely immersed herself in the subject over many years, drawn together the most important strands, then with a dash of brilliance, allowed herself to distill the simple essence of necessary change into one book. Our consciousness needs a leg up - this book can do it. Our political and business infrastructure seems set like stone in the old order. Shifting this mass in any meaningful way will not happen unless we demand it. Currently all political parties are resolute in their determination to look and go backwards. They maintain that there are no solutions except more of the same and are comfortable with this since their proponents gain so much personally from these policies. The biggest political passion of the moment is fiddling with Brexit while Earth burns. Thus do the years slide by. Pressure will have to come from the bottom up. The solutions are here in this book but don't underestimate the opposition from the established order. The fact that the economics departments of universities around the world are still teaching the same old neo-con claptrap Voodoo science without reference to any other science or even economic history is a crime of the highest order. If this continues for much longer the future death of millions, a genocide, the greatest crime against humanity, will be fairly placed on their heads. Doughnut Economics is the most enlightened book on economics for 100 years - it brings it all together beautifully. Read it and press for change. With these tools and more like them we may just make it. PS. Here are some puzzles for growth addicts. Imagine all the wealth of an Ancient Egyptian King gathered together to fill a 1 meter cube box, then allow 4% growth per year. How big is the box now? There are some good videos on YouTube - search Exponential Function to immerse yourself in the challenge. Answer. The box is now millions of times bigger than our solar system. Any conventional notions we may hold of reasonable economic growth explode, double quick, under the lens of real scientific inquiry. A 2% loss of rare materials in the production cycle goes equally badly in the opposite direction, rapidly towards zero materials remaining for future generations. Here's another puzzle - if we continue to use energy on current trends, from whatever source, renewable or not, how long before we boil the oceans dry? If you need any help solving this one ask a physicist, an economist will have nothing to offer. The Exponential Function is the simplest and toughest reality check of what is sustainable and what is not, so welcome to hard science Mr Economic Man.

### ⭐⭐⭐⭐ Must read! Get beyond GDP and stay sustainable. Vital but it won't be easy!
*by T***R on 19 February 2022*

I enjoyed reading this well-researched book and feel its central message is really important. GDP as a measure of growth is outdated as it provides a very narrow view of ‘progress’ (perhaps a better word than ‘growth’) and may well be leading us in completely the wrong direction, does not have an end point in mind (just more growth) and seems only to be achieved through ever more exploitation of the earth’s resources. Suitable measures of progress need to include many other factors such as poverty levels, environmental health, general feeling of well-being, equality, sustainability etc. In addition, perhaps the time for GDP growth is past. We are well outside the (ring) doughnut both in terms of the environment and of our approach to other human beings and more GDP growth will probably just make that worse. So far, so good (or bad). But the changes that are required are far-reaching and will take a lot of effort and I, for one, am not optimistic. The financial system alone will need to de-leverage and somehow accept that financial growth is no longer the goal. What will that do to valuations, which are all based on future growth projections? If we (and the financial markets) can accept that growth is not just financial, but should include improvements in well-being, the environment and social justice and security for all then perhaps we stand a chance. Unsurprisingly, the book is better when discussing the problem, the direction we need to take to solve it and potential solutions, than it is with addressing how we get to move in that direction, how we move along the sustainable path and what we do when we get there. This is forgivable given the enormity (and some would say impossibility) of the task, but perhaps there is a sequel planned?! I followed up some of the references to initiatives (not many so far) and wondered how many of them had got off the ground and/or were still going. We certainly need radical action rather than (or as well as) small incremental changes, but I don’t see government taking any risks and the financial system generally is too short-term in its outlook. I would love to hear some arguments that say I am wrong.

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*Last updated: 2026-08-29*