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Circular Economy Business Models : A Critical Examination

Whalen, Charles J. and Whalen, Katherine A. LU (2020) In Journal of Economic Issues 54(3). p.628-643
Abstract

Abstract: In recent decades, increasing numbers of scholars and practitioners have rejected the conventional, “linear” view of economic activity (centered on “take, make, and dispose”) in favor of a “circular economy” perspective, which emphasizes the need for humans to live in harmony with Earth’s ecological system. As a consequence, various contemporary business models claim to draw inspiration from this new perspective. However, our critical examination reveals that many of these models say little about—and, on their own, may contribute little to achieving—ecological sustainability. We conclude by stressing the need for public policies that enable society to pursue what institutionalists call “higher efficiency.”.

Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
business models, circular economy, ecological sustainability, higher efficiency, public policy
in
Journal of Economic Issues
volume
54
issue
3
pages
16 pages
publisher
Association for Evolutionary Economics
external identifiers
  • scopus:85090184926
ISSN
0021-3624
DOI
10.1080/00213624.2020.1778404
language
English
LU publication?
yes
id
852d4061-abc6-403b-9c3a-30316d543dd2
date added to LUP
2020-09-24 10:12:55
date last changed
2023-10-03 11:43:13
@article{852d4061-abc6-403b-9c3a-30316d543dd2,
  abstract     = {{<p>Abstract: In recent decades, increasing numbers of scholars and practitioners have rejected the conventional, “linear” view of economic activity (centered on “take, make, and dispose”) in favor of a “circular economy” perspective, which emphasizes the need for humans to live in harmony with Earth’s ecological system. As a consequence, various contemporary business models claim to draw inspiration from this new perspective. However, our critical examination reveals that many of these models say little about—and, on their own, may contribute little to achieving—ecological sustainability. We conclude by stressing the need for public policies that enable society to pursue what institutionalists call “higher efficiency.”.</p>}},
  author       = {{Whalen, Charles J. and Whalen, Katherine A.}},
  issn         = {{0021-3624}},
  keywords     = {{business models; circular economy; ecological sustainability; higher efficiency; public policy}},
  language     = {{eng}},
  month        = {{07}},
  number       = {{3}},
  pages        = {{628--643}},
  publisher    = {{Association for Evolutionary Economics}},
  series       = {{Journal of Economic Issues}},
  title        = {{Circular Economy Business Models : A Critical Examination}},
  url          = {{http://dx.doi.org/10.1080/00213624.2020.1778404}},
  doi          = {{10.1080/00213624.2020.1778404}},
  volume       = {{54}},
  year         = {{2020}},
}