In this interview, we explore why the economy should look more like a doughnut. In her new book, "Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist," renegade economist Kate Raworth explains why it's time to explore new images that tell different stories about the economy.
When you think about economics, what images come to mind? Maybe a supply and demand graph? Or a blackboard with complex equations scrawled across it? These images are based on a 19th century view of economics; one that is outdated and even dangerous, as we're beginning to see more and more these days.
Raworth walks listeners through the many aspects of her proposal for a new picture of economics, while discrediting some of the old assumptions and exploring new solutions. The conversation moves readily from economic history to complexity, from systems design to… well, doughnuts.
Doughnut Economics is out on April 6. For more information on how to order your copy, visit Raworth's website.
Upstream is an interview and documentary series that invites you to unlearn everything you thought you knew about economics. Weaving together interviews, field-recordings, rich sound-design, and great music, each episode of Upstream will take you on a journey exploring a theme or story within the broad world of economics. So tune in, because the revolution will be podcasted.
Header image of Doughnut Economics book cover designed by Evan Gaffney, courtesy of Kate Raworth.