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Amsterdam Is Embracing a Radical New Economic Theory to Help Save the Environment. Could It Also Replace Capitalism?
Article

Amsterdam Is Embracing a Radical New Economic Theory to Help Save the Environment. Could It Also Replace Capitalism?

Time, 2021


Editorial Rating

9

Qualities

  • Controversial
  • Eye Opening
  • Overview

Recommendation

In 2017, economist Kate Raworth penned her theory of “doughnut economics,” a hypothesis that explores the push/pull dynamic between the demands of economies and the constraints of an overburdened planet. Journalist Ciara Nugent explores the concept of doughnut economics in the initial steps taken by the city of Amsterdam to put the theory into practice. Economists, policy experts and business leaders will find some intriguing arguments, both pro and con, in this insightful article.

Take-Aways

  • The theory of “doughnut economics” sets aside GDP growth as the primary barometer of economic success.
  • Doughnut economics has powerful advocates and detractors.
  • The city of Amsterdam is leading the charge in making doughnut economics work.

About the Author

Ciara Nugent is a journalist for TIME.