Why it's time for 'Doughnut Economics'
Level: beginnerKate Raworth | TEDx, 2014
Kate Raworth gives a crash course in economics with a twist. Find out yourself what the diagram of households and firms does not show:
- The economy is embedded in the environment.
- Unpaid caring work is almost completely ignored by economics.
- A lot of value created is not monetarized or measured in GDP.
- 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