Book Review:- Doughnut Economics: Seven ways to think like a 21st century economist by Kate Raworth
In this blog I note down the major takeaways from the book: The word economics coined by Greek philosopher Xenophon. Oikos = household, nomos = rules or norms Narrow and mostly quantitative/ theoretical scope of economics education curriculum led to student protests in 2008 There is a lot of authority if economics because it is the language of public policy and has separate noble prize for economic sciences Rethinking economics by starting economics not with the long-established theories but with humanity's long-term goals. The doughnut which is a safe and just space for well-being of all while avoiding ecological destruction and human deprivation poverty. The doughnut which is a pictorial representation of the concept to guide humanity in 21st century in line with the SDGs. The author calls for unlearning and relearning the fundamentals of economics and the power of pictures in explaining economics. Raworth finds it ironic that 20th century economists decide to define econ