Our economy is upside down
Updated: Oct 4, 2019
As Kate Raworth, author of Doughnut Economics says:
"One of the most dangerous stories at the heart of 20th century economics is the depiction of humanity as rational economic man. In my book Doughnut Economics I decided he needed a portrait so I drew him, standing alone, with money in his hand, ego in his heart, a calculator in his head and nature at his feet. He hates work, he loves luxury and he knows the price of everything.
Now here’s the most fascinating (and unnerving) thing I discovered while researching the history and influence of this character. The more that economics students learn about him – from Year 1 to Year 2 to Year 3 of their studies – the more they say they value traits such as self-interest and competition over traits such as altruism and collaboration.
The implication? Who we tell ourselves we are shapes who we become.
Over the past year I have been contacted by many economics teachers around the world – especially those in secondary schools – who want to encourage their students to critique this text-book model and offer them a far more nuanced understanding of human behaviour.
So that got me thinking…
I teamed up with the brilliant puppet designer Emma Powell and the ingenious musician Simon Panrucker and, with funding from the Network for Social Change (big thanks, folks!), we created this video"
We love this fun take on what's wrong with the way we organise our economy today. Use it to stimulate discussion about how we can do things differently