Time for Planetary(!) Economics...

...'Doughnut' Economics

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Renegade economist Kate Raworth makes the case that humanity’s 21st century challenge is to meet the needs of all within the means of the planet. In other words, to ensure that no one falls short on life’s essentials (from food and housing to healthcare and political voice), while collectively not overshooting natural limits on Earth’s life-supporting systems, on which we fundamentally depend--such as a stable climate, fertile soils, healthy life-rich oceans, and a protective ozone layer.

The economic/ecologic "Doughnut" of social and planetary boundaries is an attempt to visually communicate this 21st century challenge, acting as a comprehensive dashboard of social and planetary indicators for the sustainable well-being of humanity.

 

The video series below describes seven ways to think like a 21st century economist as we paradigm-shift our ideals, goals, strategies, and economic policies:

  • From MAXIMUMS to OPTIMUMS: From valuing infinite GDP growth and 'financial capital' (phantom wealth) maximums to valuing human well-being and 'natural capital' optimums

  • From CLEVERNESS to WISDOM: From valuing reckless short-term economic cleverness (e.g., credit) to valuing restrained long-term ecologic wisdom (ecosystem health and sustainability)

  • From EGO-CULTURE to ECO-CULTURE: From valuing a 'me'-oriented hyper-competitive ego-driven economic operating system (e.g., homo economicus) to valuing 'we'-oriented systems-aware cooperative eco-driven ecologic operating system (constrained, balanced, sustainable)

​© 2019 Rich 'Rico' Leon