What’s needed now is a bold, contemporary approach. Neverending economic expansion isn’t just a defunct idea – it’s dangerous. She argues that if we don’t kick our addiction to growth, we’ll end up destroying our planet. Kate Raworth’s Doughnut Economics takes aim at an idea that’s long obsessed both economists and policymakers: endless growth. As the British economist John Maynard Keynes once wrote, “practical men” who prize their independent-mindedness are often “the slaves of some defunct economist.” Misleading claims remain on the shelf in the marketplace of ideas long past their sell-by date. Towering thinkers turn out to have feet of clay.īut economic ideas can have extraordinary staying power. Theories that dazzle in textbooks end up leading us astray in the real world. If it’s human to err, economists are just like the rest of us – they make mistakes.
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