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A paradigm of the circular economy: the end of cheap nature?

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  • Jean Pierre Doussoulin

    (ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel)

Abstract

This article proposes a new definition of the circular economy following analysis and comparison of the most prominent concepts of the biosphere: Sraffa's value theory and Moore's dialectical method. Our paper helps to identify the positions of each of these concepts with regard to free disposal, waste treatment and surplus distribution value. Thus, we are able to show that the mechanisms of the circular economy function simultaneously as part of the appropriation system and as part of the system for the protection of nature. This study enriches the literature on the circular economy by providing analysis of various scenarios of waste disposal. Finally, areas of application and policy implications of the small wins theory are explored in order to guide future research on the circular economy.

Suggested Citation

  • Jean Pierre Doussoulin, 2019. "A paradigm of the circular economy: the end of cheap nature?," Post-Print hal-02542701, HAL.
    • Handle: RePEc:hal:journl:hal-02542701
    DOI: 10.1007/s40974-019-00145-2
    Note: View the original document on HAL open archive server: https://hal.science/hal-02542701
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    References listed on IDEAS

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    3. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    4. Daly, Herman E., 1992. "Is the entropy law relevant to the economics of natural resource scarcity?-- yes, of course it is!," Journal of Environmental Economics and Management, Elsevier, vol. 23(1), pages 91-95, July.
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    6. Burmeister, Edwin, 1984. "Sraffa, Labor Theories of Value, and the Economics of Real Wage Rate Determination," Journal of Political Economy, University of Chicago Press, vol. 92(3), pages 508-526, June.
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    Cited by:

    1. Lowe, Benjamin H. & Genovese, Andrea, 2022. "What theories of value (could) underpin our circular futures?," Ecological Economics, Elsevier, vol. 195(C).

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    Keywords

    political economy; environment; Sraffa's value theory; capitalism;
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