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

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Listed:
  • Kozo MAYUMI

    (Faculty of Integrated Arts and Sciences, Tokushima University, Minami-Josanjima 1-1, Tokushima City 770-8502, Japan.)

  • 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.)

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?

Suggested Citation

  • Kozo MAYUMI & Mario GIAMPIETRO, 2019. "Reconsidering “Circular Economy” in Terms of Irreversible Evolution of Economic Activity and Interplay between Technosphere and Biosphere," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 196-206, June.
    • Handle: RePEc:rjr:romjef:v::y:2019:i:2:p:196-206
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    References listed on IDEAS

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    Cited by:

    1. Marius PETRESCU & Ionica ONCIOIU & Anca-Gabriela PETRESCU & Florentina-Raluca BÎLCAN & Mihai PETRESCU & Dumitru-Alexandru STOICA, 2021. "Estimating the Dynamics of Household Waste Management in Turkey," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 129-143, June.

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    More about this item

    Keywords

    Circular Economy; Jevons Paradox; Biosphere; Technosphere; Water Fund;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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