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The New Economics [Books
Posted on September 12, 2017 @ 06:58:00 AM by Paul Meagher

Currently reading Kate Raworth's new book Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist (2017).

She offers an interesting new take on how economics should be structured to remain relevant and useful. I hope to blog about the new economics that Kate envisions but before that I intend to explore some relevant background material that I will share with you in this blog.

Kate's critique of economics as currently taught and practiced builds upon the shoulders of giants, and one of the main giants is Donella Meadows who is pictured with the Limits to Growth all-star modelling team.

The Limits to Growth book is still timely, influential and essential reading for a new economics. Recently, the Donnella Meadows Project website posted some vintage videos of Donella lecturing on systems dynamics. Systems thinking as Donella practiced it is 1 of the 7 ways to think in the new economics that Kate Raworth is promoting so I took this as an opportunity to become more fully acquainted with Donella's methods and ideas.

A new economics might also consist of material contained in the free online textbook called The Economy. It will be useful to compare some of what Kate says to what it presented in this site as the core of what should be taught in economics.

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