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((chomp) More (chomp) More)   Mmmm doughnut economics argle argle argle   ( divider line
    More: Spiffy, 21st century, Sustainable development, dimensions of the social foundation, Sun, planetary boundaries, environmental ceiling, Ecological economics, Rockstrom et al  
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382 clicks; posted to Business » on 20 Sep 2021 at 3:47 PM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2021-09-20 3:52:38 PM  
Doughnuts, like most foods, only have demand elasticity up to a certain point when prices decrease.  But when prices increase, substitute goods like danish pastries and waffles are mostly made from the same raw materials, so the price curve gets pretty steep.
2021-09-20 4:36:41 PM  
+1 internets

It's certainly a better framework than what the field has been using since the Chicago School started dominating the conversation fifty years ago. There's more to human prosperity than gdp growth, especially growth through private debt and oligopolist accounting tricks.
2021-09-20 6:15:19 PM  
There was a Freakonomics episode last year that featured this theory. Food for thought:​h​nut-economics/
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