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Title Reconsidering "Circular Economy" In Terms Of Irreversible Evolution Of Economic Activity And Interplay Between Technosphere And Biosphere
ID_Doc 1005
Authors Mayumi, K; Giampietro, M
Title Reconsidering "Circular Economy" In Terms Of Irreversible Evolution Of Economic Activity And Interplay Between Technosphere And Biosphere
Year 2019
Published Romanian Journal Of Economic Forecasting, 22, 2
Abstract 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?
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