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Capitalism and Sustainable Development

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  • Jean Jacques Lambin

    ()
    (University of Milan-Bicocca and University Catholique de Louvain)

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    Abstract

    The crisis has shattered confidence in the public opinion on the capacity of the capitalist system to regulate itself to avoid catastrophic situations as presently observed in the world. The question is to know whether the capitalist system will be able to evolve toward a business model compatible with the objective of sustainable development. To the firm, the challenge is formidable: how to conciliate the profitability imperative with the necessity to reduce waste, pollution and carbon emissions? The models of a loop economy and of a functional service economy are complementary and propose new business models promising solutions for developing an eco-responsible capitalism.

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    File URL: http://webdepot.gsi.unimib.it/symphonya/RePec/pdf/symjournl134.pdf
    File Function: First version, 2009
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    Bibliographic Info

    Article provided by University of Milano-Bicocca in its journal Symphonya. Emerging Issues in Management.

    Volume (Year): (2009)
    Issue (Month): 2 Market-Driven Management and Competitive Customer Value - 2 ()
    Pages:

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    Handle: RePEc:sym:journl:134:y:2009:i:2

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    Web page: http://www.unimib.it/symphonya

    Related research

    Keywords: Capitalism; Global Economic Crisis; Sustainable Development; New Business Model; Functional Economy DOI: http://dx.doi.org/10.4468/2009.2.02lambin;

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    Cited by:
    1. Silvio M. Brondoni & Margherita Corniani & Sabina Riboldazzi, 2013. "Global Retailers, Market-Driven Management and Innovation," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 3(1), pages 27-40, December.

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