Quotes from Kate Raworth

There is a 'well-documented lifestyle effect', he notes, in which 'people outside the top 1 percent increasingly live beyond their means. Trickle-down economics may be a chimera, but trickle-down behaviourism is very real.

There is, however, a flip side to the market's power: it only values what is priced and only delivers to those who can pay.

In the words of Henry Wallich, governor of the US Federal Reserve in the 1970s, 'Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.'70

By largely ignoring the core economy, mainstream economics has also overlooked just how much the paid economy depends upon it. Without all that cooking, washing, nursing and sweeping, there would be no workers—today or in the future—who were healthy, well-fed and ready for work each morning.

Nudge policies, in essence, can be used to encourage us to mimic the way that we would behave if we were as rational as economic man.

Wherever and whenever we are excessive in our lives it is the sign of an as yet unknown deprivation,' argues the psychoanalyst Adam Phillips. 'Our excesses are the best clue we have to our own poverty, and our best way of concealing it from ourselves.'72 When it comes to consumerism, perhaps the poverty that we aim to conceal lies in our neglected relationships with each other and with the living world.

Drawing on a wide array of psychological research, the New Economics Foundation has distilled the findings down to five simple acts that are proven to promote well-being: connecting to the people around us, being active in our bodies, taking notice of the world, learning new skills, and giving to others.

If there is one task that merits the attention of the twenty-first-century economist, it is this: to come up with economic designs that would enable nations coming towards the end of their GDP growth to learn to thrive without it.

Given the value of fast and frugal heuristics such as this one, perhaps we should think of ourselves not as rational man but as heuristic man and be proud of it too: what first appears to be a failure of rationality might be better thought of as a triumph of evolution.

Rather than overriding our rules of thumb with a nudge, he argues, we should nurture those heuristic abilities while bolstering them with basic skills in assessing risk.

Rather than be passively nudged into acting wisely, he believes, we can be learn to be risk-savvy with the rule of thumb and so choose to act wisely ourselves.

Likewise, rather than focusing by default on how to increase economic activity, ask how the content and structure of that activity might be shaping society, politics and power.

if Rostow were indeed a fellow passenger on this flight, I think he would realise upon landing that an airplane is not actually the best metaphor to describe GDP's future journey: it lacks the agility needed to lift up, touch down, lift up, touch down in response to ever-changing conditions.

Today's economy is divisive and degenerative by default. Tomorrow's economy must be distributive and regenerative by design.

Likewise, rather than focusing by default on how to increase economic activity, ask how the content and structure of that activity might be shaping society, politics and power. And just how big can the economy become, given Earth's ecological capacity?

A skilled kite surfer rides her surfboard across the rolling waves while catching the wind in her kite, and she must continually adjust—bending, dipping, and twisting her body—to maintain that dynamic interplay of the wind and the waves. That is just how GDP should come to move in the twenty-first century,

Rather than presiding at the pinnacle of nature's pyramid, however, humanity is woven deep into nature's web. We are embedded in the living world, not separate from or above it: we live within the biosphere, not on the planet.

The Wealth of Nations.

Pre-analytic vision. Worldview. Paradigm. Frame. These are cousin concepts. What matters more than the one you choose to use is to realise that you have one in the first place, because then you have the power to question and change it.

Say farewell to economy-as-machine and embrace economy-as-organism.

When Chief Oren Lyons of the Iroquois Onondaga Nation was invited to address students at the University of Berkeley's College of Natural Resources, he highlighted this risk. 'What you call resources we call our relatives,' he explained. 'If you can think in terms of relationships, you are going to treat them better, aren't you? . . . Get back to the relationship because that is your foundation for survival.

effective systems tend to have three properties—healthy hierarchy, self-organisation and resilience—and so should be stewarded to enable these characteristics to emerge.

healthy hierarchy is achieved when nested systems serve the greater whole of which they are a part. Liver cells serve the liver, which in turn serves the human body; if those cells start to multiply rapidly, they become a cancer, no longer serving but destroying the body on which they depend.

Corporate interest in forging 'circular advantage' is growing fast, and companies leading the pack have adopted a niche set of circular economy techniques such as: aiming for zero-waste manufacturing; selling services instead of products (such as computer printing services instead of printers); and recovering their own-brand goods—ranging from tractors to laptops—for refurbishment and resale.