Economic theory serves up food for thought this Donut Day

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What better day than Donut Day to Discover the interesting dynamics of Doughnut Economics. FMTNews FMTLifestyle

Friday, June 4 is National Donut Day in the US. But this sweet treat also lends its name to an economic theory. And while it may not be edible, it definitely offers some food for thought.

Through seven principles, , Kate Raworth sets out a way of rethinking an economy that’s narrow-minded and totally obsolete in the world we live in today. “Below the inner ring — the social foundation — lie critical human deprivations such as hunger and illiteracy. Beyond the outer ring — the ecological ceiling-lies critical planetary degradation such as climate change and biodiversity loss. Between those two rings is the Doughnut itself, the space in which we can meet the needs of all within the means of the planet,” writes Kate Raworth in her book.

 

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