Inequality Is Not Quality: Principles of Economy
This past term in our Economics: Risking Value STEM class, we’ve spent our time studying the formulas that are commonly used in various financial situations and how to apply them to our daily lives. In this unit, specifically, we’ve been studying the various facets of our economy, and what our place is within that economy. For this final action project for Economics, we had to look at Kate Raworth’s 7 ways to think like a 21st century economist, and come up with an 8th principle on our own. And, after looking into Kate Raworth’s principles, and one of Raworth’s standout books, Doughnut Economics , I’ve come up with my own principle for 21st century economics: Inequality Is Not Quality. Why "Inequality Is Not Quality", you may ask? Because, in our current and unsustainable economy, economic inequality between the rich and the poor of our country is a serious current issue. It’s one that very much needs to be addressed by the next generation of economists as soon as we can Acc...