The Circular Economy

Don Fullerton ()

No 11109, CESifo Working Paper Series from CESifo

Abstract: Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of products in ways that reduce waste. This essay attempts to discuss circular economy in economists’ language about market failures, distributional equity, and policies that can raise economic welfare by making the appropriate tradeoffs between fixing those market failures and achieving other social goals.

Keywords: disposal; dumping; environment; extraction; litter; policy; product design; recycling; remanufacturing; repair; reuse; social justice; sustainability (search for similar items in EconPapers)
JEL-codes: H23 Q38 Q52 Q53 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-env
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Working Paper: The Circular Economy (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11109

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