All posts tagged “Economy

Book review: Doughnut Economics

Doughnut Economics: How to Think Like a 21st Century Economist, by Kate Raworth. Random House Business, 384pp, £9.99.

Oxford academic Kate Raworth’s Doughnut Economics, now out in paperback, caused quite a stir when it was first published last year, with Guardian eco-warrior George Monbiot comparing it, somewhat fancifully, to Keynes’s General Theory. That seems like a misreading of the book’s purpose, as revealed by its subtitle: Raworth isn’t offering a a theory or a model, but a well-grounded appeal for us to think differently about economics.

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The free-market eats itself

Pfizer’s putative takeover of British pharma giant Astra Zeneca exposes yet another intellectual paradox of free market economics. Left to their own devices, firms will always try to takeover other firms or force them out of business. But every takeover (or bankruptcy) by definition reduces… Read More