The Doughnut is a new way of thinking about sustainable economics, proposing that 21st-century economies can both be more sustainable and help regenerate the environment. Growth isn’t an infinite upward curve – we have to start asking ourselves what comes next. It's an economic theory which frames humanity’s primary challenge within the 21st-century as ensuring that every person has the resources they need to meet their human rights, while we collectively live within the ecological means of this one planet. This situation is represented by the area between the two rings, considered by its creator as the safe and just space for humanity In this model, an economy is considered prosperous when all twelve social foundations are met without overshooting any of the nine ecological ceilings. The main goal of the new model is to reframe economic problems and set new goals. The framework was proposed to assess the performance of an economy by the extent to which the needs of people are met without overshooting Earth's ecological ceiling. The diagram was developed by University of Oxford economist Kate Raworth in her 2012 Oxfam paper “A Safe and Just Space for Humanity” and elaborated upon in her 2017 book “Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist”. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.The Doughnut, or Doughnut economics, is a visual framework for sustainable development – shaped like a doughnut or lifebelt – combining the concept of planetary boundaries with the complementary concept of social boundaries. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Doughnut economics is a relatively new and highly experimental concept. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The model is developed by British economist Kate Raworth and popularized through her book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, released in 2017. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.
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