Why it's time for 'Doughnut Economics'

Kate Raworth gives a crash course in economics with a twist. Find out yourself what the diagram of households and firms does not show:

1. The economy is embedded in the environment.
2. Unpaid caring work is almost completely ignored by economics.
3. A lot of value created is not monetarized or measured in GDP.
4. For a lot of people, wages stagnate. Power is missing in the analysis.

critique of neoclassical economics environment microeconomics microfoundation social and environmental change teaching teaching material