Reconsidering “Circular Economy” in Terms of Irreversible Evolution of Economic Activity and Interplay between Technosphere and Biosphere

Kozo Mayumi () and Mario Giampietro
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Mario Giampietro: Institut de Ciència i Tecnologia Ambientals, Universitat Autònoma de Barcelona, 08193 Bellaterra, Spain and Institució Catalana de Recerca i Estudis Avançats (ICREA), Pg. Lluís Companys 23, 08010 Barcelona, Spain.

Journal for Economic Forecasting, 2019, issue 2, 196-206

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?

Keywords: Circular Economy; Jevons Paradox; Biosphere; Technosphere; Water Fund (search for similar items in EconPapers)
JEL-codes: A1 P1 Q3 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2019:i:2:p:196-206

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