Circular Economy Business Models : A Critical Examination
(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.”.
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https://lup.lub.lu.se/record/852d4061-abc6-403b-9c3a-30316d543dd2
- author
- Whalen, Charles J. and Whalen, Katherine A. LU
- organization
- publishing date
- 2020-07-02
- 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}}, }