Reconsidering “circular economy” in terms of irreversible evolution of economic activity and interplay between technosphere and biosphere

Kozo Mayumi, Mario Giampietro

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Resum

© 2019, Institute for Economic Forecasting. All rights reserved. The notion of circular economy has attracted increased attention in recent years. A set of common denominators of circular economy is identified. Then, four questions are raised to show that the ideas of a circular economy cannot be untenable: (i) is there any fundamental difference between the framework of circular economy and the neoclassical standard economics?; (ii) the efficiency improvement of energy and material use is achievable within the framework of circular economy proposal?; (iii) can the harmonious interplay between Technosphere and Biosphere be maintained?; and (iv) is there any serious consideration of “water fund” management within the framework of circular economy?.
Idioma originalEnglish
Pàgines (de-a)196-206
RevistaRomanian Journal of Economic Forecasting
Volum22
Estat de la publicacióPublicada - 1 de gen. 2019

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