A paradigm of the circular economy: the end of cheap nature?

Abstract

This article proposes a new definition of the circular economy following analysis and comparison of the most prominent concepts of the biosphere: Sraffa’s value theory and Moore’s dialectical method. Our paper helps to identify the positions of each of these concepts with regard to free disposal, waste treatment and surplus distribution value. Thus, we are able to show that the mechanisms of the circular economy function simultaneously as part of the appropriation system and as part of the system for the protection of nature. This study enriches the literature on the circular economy by providing analysis of various scenarios of waste disposal. Finally, areas of application and policy implications of the small wins theory are explored in order to guide future research on the circular economy.

Keywords

Capitalism / Environment / Political economy / Sraffa’s value theory

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