Economics: Doughnuts and Doing things Differently
We explore how the natural world can inform and inspire us on the topic of Economics. Guided by Peter Lefort, we look at one way to think differently about Economics in the 21st Century: Doughnut Economics.
At the core of the approach is the ‘Doughnut’ consisting of two concentric rings: a social foundation, to ensure that no one is left falling short on life’s essentials, and an ecological ceiling, to ensure that humanity does not collectively overshoot planetary boundaries. Between these two sets of boundaries lies a doughnut-shaped space that is both ecologically safe and socially just: a space in which humanity can thrive.
We delve into the theory of Doughnut Economics as well as real-life applications: the Doughnut is being used on a county-scale in Cornwall Council, city-scale in Amsterdam, and nation-scale in Costa Rica.
Peter Lefort is a Network Facilitator and Doughnut Economics Practitioner. He runs the University of Exeter’s Green Futures Network, connecting communities and organisations to the latest environmental research and resources. He has previously worked on the implementation of doughnut economics within the decision making processes of Cornwall Council, and is a founder member of the Cornwall Doughnut Collective. Peter is also a freelance facilitator and trainer, and is Co-Chair of the Transition Network.
Whether you’re an Economics expert or newbie, we hope you enjoy this episode in which we touch on the links between Economy and Ecology and subjects including the importance of home, permission, mindset, systems, complexity, patterns, growth -- and Starling murmurations!
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~1: “Coaching through the Lens of Nature”
~9: Peter Lefort
~18: “Doughnut Economics” by Kate Raworth
~22: Doughnut economics at Cornwall Council
~34: Doughnut Economics Action Lab
~42: Emergent Strategy” by Adrienne Maree Brown
~46: Andy Stirling
~55: Doughnut Economics in Amsterdam