Seven Ways to Think Like a 21st-Century Economist
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Our economy is stuck on models and graphs that were created ages ago, when straightforward capitalism and endless growth were the only goal we could imagine. But now we know more, we know that excessive growth depletes and destroys our planet´s natural resources, and we know that countries don´t need to experience extreme inequalities to climb towards success. Raworth understands the power these outdated models still have on today´s world of finance and politics, and proposes new models instead that are guidelines on how to rethink, rebuild and escape the social and environmental traps we have landed in. Raworth draws on [a:Donella H. Meadows 307638 Donella H. Meadows https://images.gr-assets.com/authors/1592011479p2/307638.jpg]´s system thinking and suggests we should simply reset the goals instead of tweaking the parameters of our economy. GDP is an outdated model of measuring the success of a nation. We need to take human, cultural and environemtal values into account as well. The book ends on a fascinating and divisive debate: Is green growth possible or do we need degrowth in order to stabilize our world, to build an economy with regenerative and distributive principles. What would a society on a growth-plateau look like? Even if we measure growth with non-monetary values, would humanity be satisfied without a constant striving to go higher, achieve more?[a:Mazzucato Mariana 19431854 Mazzucato Mariana https://s.gr-assets.com/assets/nophoto/user/u_50x66-632230dc9882b4352d753eedf9396530.png] is also frequently quoted, and if I had a vote I´d make these women redesign the global economy.