Doughnut Economics

Doughnut Economics is a new attempt to communicate the goal of an economy that works for humans while not exceeding the natural limits of the planetary system it is embedded in. You want to be in the dough part. If you are in the hole, you are within planetary boundaries but you are poor, starving, unwell, or otherwise not benefiting from the economy that is working for at least some other people. If you are outside the doughnut entirely, you are outside planetary boundaries and the planetary system will not be able to continue supporting the economic system (including you, and everyone else) indefinitely.

The majority of intelligent and educated people on the planet do not understand these concepts. We need a critical mass of people, certainly leaders and decision makers, to understand the problem before we have much hope of solving it. I support new and novel attempts to communicate these ideas. This one doesn’t quite seem fully coherent to me in terms of stocks and flows, and I think if we taught children about stocks and flows from a young age they would grow up better able to understand systems in terms that aren’t so dumbed down.

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