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Perspectives on Eco Economics. Circular Economy and Smart Economy

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  • Cristina Balaceanu
  • Doina Maria Tilea
  • Daniela Penu

Abstract

The implementation of sustainable development principles in contemporary economic thinking has generated the conceptual remodeling that expresses the new mechanisms of the economy. Thus, the concept of circular economy meet the theoretical representation of an economic system oriented towards the re-use of waste as raw materials and limiting the production of waste that cannot come back into the economic circuit. Circular economy is one that involves even its concept of operation, recovery and regeneration, as much as possible of resources, aiming to preserve, at the highest level, the value and usefulness of products, components and raw materials, distinguishing between technical and biological cycles. In this way, we can find solutions for two major issues affecting today's economy: the limited nature of resources and the pollution generated by the waste resulting from economic activities.

Suggested Citation

  • Cristina Balaceanu & Doina Maria Tilea & Daniela Penu, 2017. "Perspectives on Eco Economics. Circular Economy and Smart Economy," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 105-109, December.
    • Handle: RePEc:khe:scajes:v:3:y:2017:i:4:p:105-109
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    References listed on IDEAS

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    1. John Hartwick, 1977. "Intergenerational Equity and the Investment of Rents from Exhaustible Resources in a Two Sector Model," Working Paper 281, Economics Department, Queen's University.
    2. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
    3. Eric Neumayer, 2012. "Human Development and Sustainability," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(4), pages 561-579, November.
    4. David Pearce & Giles Atkinson, 1998. "The concept of sustainable development: An evaluation of its usefulness ten years after Brundtland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 134(III), pages 251-269, September.
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    Cited by:

    1. Hernán Darío Castaño Castrillón & Carlos Mario Gutiérrez Aguilar & Beatriz Elena Angel Álvarez, 2021. "Circular Economy Strategies: Use of Corn Waste to Develop Biomaterials," Sustainability, MDPI, vol. 13(15), pages 1-19, July.
    2. Yelena Popova & Sergejs Popovs, 2022. "Impact of Smart Economy on Smart Areas and Mediation Effect of National Economy," Sustainability, MDPI, vol. 14(5), pages 1-19, February.
    3. Yuan Huang & Mahmood Shafiee & Fiona Charnley & Adriana Encinas-Oropesa, 2022. "Designing a Framework for Materials Flow by Integrating Circular Economy Principles with End-of-Life Management Strategies," Sustainability, MDPI, vol. 14(7), pages 1-20, April.

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    More about this item

    Keywords

    Eco economy; circular economy; biological cycles; utility;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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