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The Classical Circular Economy, Sraffian Ecological Economics and the Capabilities Approach

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  • Martins, Nuno Ornelas

Abstract

Here I provide some further elaborations on the idea of a classical circular economy and its articulation with the capabilities approach. This enables addressing some important questions raised by Yoann Verger (2017) when commenting on the idea of a classical circular economy as outlined in Martins (2016) while advancing the basis for a Sraffian ecological economics. To understand the connections between Sraffa's economic theory and the classical circular economy discussed by Verger (2017), an essential aspect to be addressed here is Sraffa's interpretation of the classical conception of the wage, which can be fruitfully addressed in terms of the capabilities approach, as suggested by Vivian Walsh (2000).

Suggested Citation

  • Martins, Nuno Ornelas, 2018. "The Classical Circular Economy, Sraffian Ecological Economics and the Capabilities Approach," Ecological Economics, Elsevier, vol. 145(C), pages 38-45.
    • Handle: RePEc:eee:ecolec:v:145:y:2018:i:c:p:38-45
    DOI: 10.1016/j.ecolecon.2017.08.026
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    Citations

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    Cited by:

    1. Kai Yuan & Biao Hu & Xinlong Li & Tingyun Niu & Liang Zhang, 2023. "Exploration of Coupling Effects in the Digital Economy and Eco-Economic System Resilience in Urban Areas: Case Study of the Beijing-Tianjin-Hebei Urban Agglomeration," Sustainability, MDPI, vol. 15(9), pages 1-28, April.
    2. Seckler, Matthias & Volkert, Jürgen, 2021. "The capability approach: A promising foundation for sustainable development?," Ecological Economics, Elsevier, vol. 183(C).
    3. Stefano Di Bucchianico & Federica Cappelli, 2021. "Exploring the theoretical link between profitability and luxury emissions," Working Papers PKWP2114, Post Keynesian Economics Society (PKES).
    4. Ahmad, Farhan & Bask, Anu & Laari, Sini & Robinson, Craig V., 2023. "Business management perspectives on the circular economy: Present state and future directions," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    5. Armaghan Chizaryfard & Paolo Trucco & Cali Nuur, 2021. "The transformation to a circular economy: framing an evolutionary view," Journal of Evolutionary Economics, Springer, vol. 31(2), pages 475-504, April.
    6. Yoann Verger, 2018. "First steps for a Sraffian ecological economics. An answer to Martins' “The Classical Circular Economy, Sraffian Ecological Economics and the Capabilities Approach”," Working Papers hal-01700228, HAL.
    7. Mondéjar Jiménez, José & Vargas Vargas, Manuel, 2018. "Modelos de comportamiento ambiental en economía ecológica: Una revisión bibliográfica/Models of Environmental Behavior in Ecological Economics: A Literature Review," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 36, pages 309-316, Enero.
    8. Nikolay I. Didenko & Yuri S. Klochkov & Djamilia F. Skripnuk, 2018. "Ecological Criteria for Comparing Linear and Circular Economies," Resources, MDPI, vol. 7(3), pages 1-17, August.

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