![]() ![]() It represents the ability to thrive economically, with the following social foundations being met for all people: The ‘doughnut’ is the safe zone between these two extremes. However, using earth’s resources unwisely can also lead to a shortfall, with humans existing in danger and hardship. Use too much, and we risk catastrophic effects that are harmful to human life. The central theme of the Doughnut Economy is balance: the theory postulates that a thriving human existence is only possible by considered use of available resources. ![]() Raworth wanted to create an economic model fit for the 21st century. Economic growth was measured only by an increasing GDP, ignoring the finite nature of earth’s resources and the consequences of our actions. Prior to the doughnut model, many of our existing economic theories (Keynesian, Monetarist, etc) were over 100 years old. The concept of the Doughnut Economy was created by economist Kate Raworth in 2012. Here’s what we found out about the Doughnut Economy, how it applies to businesses, and where renewable energies like solar PV come in. We were intrigued by the concept, so we decided to investigate further. ![]() Much of Nigel’s work as a systems architect is inspired by this new economic theory. In our Future Voices Q&A with Dr Nigel Hargreaves, we touched upon an interesting idea: the Doughnut Economy. ![]()
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