IDEAS home Printed from https://ideas.repec.org/a/spr/circec/v2y2022i2d10.1007_s43615-021-00107-z.html
   My bibliography  Save this article

Learning Economy: a New Hope to Achieve a Sustainable Economic System

Author

Listed:
  • Nima Norouzi

    (Amirkabir University of Technology (Tehran Polytechnic)
    Islamic Azad University)

Abstract

Advances in science and technology have improved industrial productivity and competitiveness and greatly improved standards and quality of life. These same factors have been the source of the current instability and have created new issues requiring complex expertise and technology. This paper is based on the content analysis paradigm and the system analysis method. Given the limitations of the classic and neoclassical economic model, new approaches to environmental economics and innovation have been analyzed, and the challenges of achieving sustainable development and its components have been addressed. The future of humanity depends on whether it can develop an economic and social system with the “operational capacity” of mass and energy that respects ecological constraints, and this is the ultimate challenge for the economic systems in the future. However, as a realistic view, nobody can deny the importance of the other economic theories, and it is suggested to use the historical experiences and information to improve the economic systems, not to abandon what human society has achieved. Based on the obtained analytical results, the framework for selecting policy tools, the characteristics of each, and the time of using these policy tools to promote sustainable development are presented. This study shows that despite rapid economic growth, the world is reaching a point that there will be no capacity for more net harvest from nature. This paper suggests sustainable economics to stabilize sustainable economic growth and save vital resources from being depleted.

Suggested Citation

  • Nima Norouzi, 2022. "Learning Economy: a New Hope to Achieve a Sustainable Economic System," Circular Economy and Sustainability, Springer, vol. 2(2), pages 535-555, June.
    • Handle: RePEc:spr:circec:v:2:y:2022:i:2:d:10.1007_s43615-021-00107-z
    DOI: 10.1007/s43615-021-00107-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43615-021-00107-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43615-021-00107-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert T. Deacon & Catherine S. Norman, 2006. "Does the Environmental Kuznets Curve Describe How Individual Countries Behave?," Land Economics, University of Wisconsin Press, vol. 82(2), pages 291-315.
    2. de Groot, Rudolf & Brander, Luke & van der Ploeg, Sander & Costanza, Robert & Bernard, Florence & Braat, Leon & Christie, Mike & Crossman, Neville & Ghermandi, Andrea & Hein, Lars & Hussain, Salman & , 2012. "Global estimates of the value of ecosystems and their services in monetary units," Ecosystem Services, Elsevier, vol. 1(1), pages 50-61.
    3. Sutton, Paul C. & Costanza, Robert, 2002. "Global estimates of market and non-market values derived from nighttime satellite imagery, land cover, and ecosystem service valuation," Ecological Economics, Elsevier, vol. 41(3), pages 509-527, June.
    4. Hodgson, Geoffrey M., 2012. "From Pleasure Machines to Moral Communities," University of Chicago Press Economics Books, University of Chicago Press, number 9780226922713, October.
    5. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    6. William D. Nordhaus, 2011. "The Economics of Tail Events with an Application to Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(2), pages 240-257, Summer.
    7. Giovanni Dosi & Richard R. Nelson, 2000. "An Introduction to Evolutionary Theories in Economics," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 11, pages 327-346, Edward Elgar Publishing.
    8. Jieqiong Yu & Carlos Wing‐Hung Lo & Pansy Hon Ying Li, 2017. "Organizational Visibility, Stakeholder Environmental Pressure and Corporate Environmental Responsiveness in China," Business Strategy and the Environment, Wiley Blackwell, vol. 26(3), pages 371-384, March.
    9. William Nordhaus, 2018. "Evolution of modeling of the economics of global warming: changes in the DICE model, 1992–2017," Climatic Change, Springer, vol. 148(4), pages 623-640, June.
    10. Boulding, Kenneth E., 1981. "Agricultural Economics In An Evolutionary Perspective," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279250, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Richard Sanders, 2016. "The flawed paradigms of economics and sustainable development," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 19(2), pages 110-126.
    12. Metcalfe, J S, 1994. "Evolutionary Economics and Technology Policy," Economic Journal, Royal Economic Society, vol. 104(425), pages 931-944, July.
    13. Farber, Stephen C. & Costanza, Robert & Wilson, Matthew A., 2002. "Economic and ecological concepts for valuing ecosystem services," Ecological Economics, Elsevier, vol. 41(3), pages 375-392, June.
    14. William D. Nordhaus, 2007. "A Review of the Stern Review on the Economics of Climate Change," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 686-702, September.
    15. Robert Costanza & Ida Kubiszewski & Enrico Giovannini & Hunter Lovins & Jacqueline McGlade & Kate E. Pickett & Kristín Vala Ragnarsdóttir & Debra Roberts & Roberto De Vogli & Richard Wilkinson, 2014. "Development: Time to leave GDP behind," Nature, Nature, vol. 505(7483), pages 283-285, January.
    16. Ulrich Witt, 2008. "What is specific about evolutionary economics?," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 547-575, October.
    17. Kenneth E. Boulding, 1981. "Agricultural Economics in an Evolutionary Perspective," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(5), pages 788-795.
    18. Guido Buenstorf, 2006. "How useful is generalized Darwinism as a framework to study competition and industrial evolution?," Journal of Evolutionary Economics, Springer, vol. 16(5), pages 511-527, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    2. Agnieszka Lipieta & Elżbieta Pliś, 2022. "Diversity and mechanisms of economic evolution," Journal of Evolutionary Economics, Springer, vol. 32(4), pages 1265-1286, September.
    3. Geoffrey M. Hodgson & Juha-Antti Lamberg, 2018. "The past and future of evolutionary economics: some reflections based on new bibliometric evidence," Evolutionary and Institutional Economics Review, Springer, vol. 15(1), pages 167-187, June.
    4. Richard S. J. Tol, 2021. "Estimates of the social cost of carbon have increased over time," Papers 2105.03656, arXiv.org, revised Aug 2022.
    5. Turner, Katrine Grace & Anderson, Sharolyn & Gonzales-Chang, Mauricio & Costanza, Robert & Courville, Sasha & Dalgaard, Tommy & Dominati, Estelle & Kubiszewski, Ida & Ogilvy, Sue & Porfirio, Luciana &, 2016. "A review of methods, data, and models to assess changes in the value of ecosystem services from land degradation and restoration," Ecological Modelling, Elsevier, vol. 319(C), pages 190-207.
    6. Robert, Verónica & Yoguel, Gabriel, 2016. "Complexity paths in neo-Schumpeterian evolutionary economics, structural change and development policies," Structural Change and Economic Dynamics, Elsevier, vol. 38(C), pages 3-14.
    7. Fritz Rahmeyer, 2010. "A Neo-Darwinian Foundation of Evolutionary Economics. With an Application to the Theory of the Firm," Discussion Paper Series 309, Universitaet Augsburg, Institute for Economics.
    8. Liddle, Brantley, 2013. "Population, Affluence, and Environmental Impact Across Development: Evidence from Panel Cointegration Modeling," MPRA Paper 52088, University Library of Munich, Germany.
    9. Hackbart, Vivian C.S. & de Lima, Guilherme T.N.P. & dos Santos, Rozely F., 2017. "Theory and practice of water ecosystem services valuation: Where are we going?," Ecosystem Services, Elsevier, vol. 23(C), pages 218-227.
    10. Shabman, Leonard A., 1990. "Environmental Hazards of Farming: Thinking About the Management Challenge," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(1), pages 11-22, July.
    11. Spagano, Salvatore, 2021. "Generalized Darwinism: An Auxiliary Hypothesis," MPRA Paper 108829, University Library of Munich, Germany.
    12. Blair Fix, 2019. "The Aggregation Problem: Implications for Ecological and Biophysical Economics," Biophysical Economics and Resource Quality, Springer, vol. 4(1), pages 1-15, March.
    13. Sterner, Thomas & Ewald, Jens & Sterner, Erik, 2024. "Economists and the climate," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 109(C).
    14. Bruce A. Kirchhoff, 1992. "Entrepreneurship's Contribution to Economics," Entrepreneurship Theory and Practice, , vol. 16(2), pages 93-112, January.
    15. Mounir Amdaoud, 2019. "Ressources naturelles, innovation et développement économique : vers une nouvelle approche," Working Papers hal-02136083, HAL.
    16. Adam Glapiński, 2013. "Kwestie metodologiczne podejścia ewolucyjnego w ekonomii," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 5-17.
    17. Nordhaus, William, 2013. "Integrated Economic and Climate Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1069-1131, Elsevier.
    18. Carmen Camacho & Yu Sun, 2017. "Longterm decision making under the threat of earthquakes," Working Papers halshs-01670507, HAL.
    19. Engler, John-Oliver & Kretschmer, Max-Friedemann & Rathgens, Julius & Ament, Joe A. & Huth, Thomas & von Wehrden, Henrik, 2024. "15 years of degrowth research: A systematic review," Ecological Economics, Elsevier, vol. 218(C).
    20. Jens J. Krüger, 2008. "Productivity And Structural Change: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 22(2), pages 330-363, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:circec:v:2:y:2022:i:2:d:10.1007_s43615-021-00107-z. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.