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Perspectives on Eco Economics. Circular Economy and Smart Economy

Cristina Balaceanu (), Doina Maria Tilea () and Daniela Penu ()

Academic Journal of Economic Studies, 2017, vol. 3, issue 4, 105-109

Abstract: The implementation of sustainable development principles in contemporary economic thinking has generated the conceptual remodeling that expresses the new mechanisms of the economy. Thus, the concept of circular economy meet the theoretical representation of an economic system oriented towards the re-use of waste as raw materials and limiting the production of waste that cannot come back into the economic circuit. Circular economy is one that involves even its concept of operation, recovery and regeneration, as much as possible of resources, aiming to preserve, at the highest level, the value and usefulness of products, components and raw materials, distinguishing between technical and biological cycles. In this way, we can find solutions for two major issues affecting today's economy: the limited nature of resources and the pollution generated by the waste resulting from economic activities.

Keywords: Eco economy; circular economy; biological cycles; utility (search for similar items in EconPapers)
JEL-codes: I25 I31 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:khe:scajes:v:3:y:2017:i:4:p:105-109