Explore a groundbreaking approach to economics in this 17-minute TEDxAthens talk by Kate Raworth. Discover why traditional economic theory is outdated and inadequate for addressing 21st-century challenges like climate change, poverty, and extreme inequality. Learn about the innovative "Doughnut Economics" model, which reframes sustainable development and has influenced the United Nations' Sustainable Development Goals. Gain insights into alternative economic thinking, human wellbeing, and planetary boundaries. Understand how this new perspective can shape policy-making and inspire the next generation of economists. Delve into topics such as circular flow, fundamental flaws in current economic models, human rights, deprivation, and the creation of a global financial system that works for all.