Economics for Everyone: Exploring the Doughnut Model with Andrew Fanning

Andrea hosts Andrew Fanning so as to delve into the transformative principles of doughnut economics. Andrew discusses the impactful work of Kate Raworth and their work together at the Doughnut Economics Action Lab (DEAL), focusing on the need to shift from traditional 20th-century economic models to a more holistic approach that prioritizes sustainability and social equity. This episode explores why economics matters, how the doughnut model redefines economic goals, and the importance of visualizing data to inspire change. Andrew also shares his personal journey into ecological economics and the critical research he leads in reshaping our understanding of global economic systems.

#ecological #economics #donut #doughnuteconomics #kateraworth #andrewfanning #andreahiott

00:00 Introduction and Excitement

00:21 Understanding the Doughnut Model

00:57 21st Century Economics vs. Traditional Models

02:31 Circular Flow Model and Its Limitations

06:10 Ecological Economics and Herman Daly's Influence

22:36 The Doughnut's Visual Framework

31:06 Challenges and Future Directions

36:46 Diving into Ecological Economics

37:11 Understanding the Difference: Ecological vs. Environmental Economics

14:16 Personal Journey: From Economics to Ecological Economics

41:03 Cultural Influences and Early Life Experiences

45:31 Academic Pursuits and Discovering Ecological Economics

50:12 The Impact of Ecological Economics

50:45 Career Path and Contributions to Ecological Economics

01:01:46 The Role of Visualization in Ecological Economics

01:10:55 Final Thoughts and Reflections

The 7 principles of doughnut economics: https://pg-online.leeds.ac.uk/blogs/what-is-doughnut-economics/

Compensation for Atmospheric Appropriation with Jason Hickel:

https://www.nature.com/articles/s41893-023-01130-8

Kate Raworth: https://en.wikipedia.org/wiki/Kate_Raworth

The Doughnut Economics Book: https://www.amazon.com/Doughnut-Economics-Seven-21st-Century-Economist/dp/1603586741

Good Life for All: https://goodlife.leeds.ac.uk/national-snapshots/countries/

Tipping Point Podcast: https://tippingpoint-podcast.com/

Doughnut Economic Action Lab (DEAL): https://doughnuteconomics.org/

Eleanor Ostrom: https://www.nobelprize.org/prizes/economic-sciences/2009/ostrom/facts/

Rachel Carson: https://www.womenshistory.org/education-resources/biographies/rachel-carson

Herman Daly: https://en.wikipedia.org/wiki/Herman_Daly

Economics of Coming Spaceship Earth paper: http://arachnid.biosci.utexas.edu/courses/THOC/Readings/Boulding_SpaceshipEarth.pdf

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