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Circular Economy – Between Theory and Practice

Author

Listed:
  • Costel Negrei

    (The Bucharest University of Economic Studies, Romania)

  • Nicolae Istudor

    (The Bucharest University of Economic Studies, Romania)

Abstract

Misunderstanding terms like ciclicity, circularity, and nonlinearity can bring about confusion and endanger a good idea, tested by industrial ecology and widely known as “dematerialization of the economy”. That is why the main the objective of the present article is to clarify the concept of “circular economy” and explain its relation with the operating laws of the economic system and the new scientific breakthroughs in systemic ecology. A secondary aim is to identify the means through which the dematerialization of the economy operates, to highlight its limits, by underlining the difference between economic growth and development and waste generation. The research methodology comprises the following stages: • Identifying the problems encountered by the concept of “circular economy” • Coming up with an analysis of the “cause-effect” relationship • Identifying the main opinions about “circular economy” expressed in the literature • Assessing to what extent the idea of “circularity” in economics has been validated. The aims of this research have led to the necessity of reaching an agreement between concepts like the economy of functionality, the adaptive economy and the specialization-integration relation.

Suggested Citation

  • Costel Negrei & Nicolae Istudor, 2018. "Circular Economy – Between Theory and Practice," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 498-498.
    • Handle: RePEc:aes:amfeco:v:20:y:2018:i:48:p:498
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    File URL: http://www.amfiteatrueconomic.ro/temp/Article_2733.pdf
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    References listed on IDEAS

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    1. Walter R. Stahel, 2010. "The Performance Economy," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-28884-3.
    2. Walter R. Stahel, 2010. "The Performance Economy," Palgrave Macmillan Books, Palgrave Macmillan, edition 2, number 978-0-230-27490-7.
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    Cited by:

    1. Iacopo Odoardi & Chiara Burlina & Alessandro Crociata, 2023. "Pro-Environmental Determinants of Waste Separation: Does the Interaction of Human and Social Capital Matter? Evidence from Italian Provinces," Sustainability, MDPI, vol. 15(6), pages 1-20, March.
    2. Radu Petrariu & Marius Constantin & Mihai Dinu & Simona Roxana Pătărlăgeanu & Mădălina Elena Deaconu, 2021. "Water, Energy, Food, Waste Nexus: Between Synergy and Trade-Offs in Romania Based on Entrepreneurship and Economic Performance," Energies, MDPI, vol. 14(16), pages 1-23, August.
    3. Octavian-Dragomir Jora & Alexandru Pătruți & Mihaela Iacob & Delia-Raluca Șancariuc, 2020. "“Squaring the Circle”—The Disregarded Institutional Theory and the Distorted Practice of Packaging Waste Recycling in Romania," Sustainability, MDPI, vol. 12(22), pages 1-22, November.

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    More about this item

    Keywords

    circular economy; entropy; dematerialization; industrial metabolism.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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