The transformation to a circular economy: framing an evolutionary view
Armaghan Chizaryfard (),
Paolo Trucco () and
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Armaghan Chizaryfard: Politecnico di Milano
Paolo Trucco: Politecnico di Milano
Cali Nuur: KTH Royal Institute of Technology
Journal of Evolutionary Economics, 2021, vol. 31, issue 2, No 5, 475-504
Abstract The notion of the circular economy (CE) has recently been put forth as a strategy to mitigate climate change. It has gained attention in policy circles and in the engineering and natural science literature. In contrast to the linear model of production, use and disposal, the point of departure for the CE is the creation and sustention of a regenerative system with the goal of minimising resource inputs and emissions. However, although the emerging literature has discussed the ongoing transition process towards the CE, mainly from an ecological perspective, the underlying mechanisms of industrial change including structural tensions have not been discussed. Responding to this gap in the literature, the aim of this paper is to discuss CE as an evolutionary process and to propose a conceptual framework that builds on a development block approach.
Keywords: Circular economy; Industrial transformation; Evolutionary economics; Structural tensions; Development block; Complementarities (search for similar items in EconPapers)
JEL-codes: B15 Q57 (search for similar items in EconPapers)
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