Integrating the circular economy into existing economic models
The circular economy concept aims to use resources sustainably as a way to reduce harm to the environment. Although the notion of the circular economy is well established and frequently invoked in political discourse, its true economic significance and precise definition remain unclear above and beyond the familiar, often superficial statements. Paul Schweinzer (University of Klagenfurt) and Zaifu Yang (University of York) intend to change this: In the FWF-funded project “Circular Competitive Equilibrium”, they are seeking ways to combine the idea of a circular economy with the well-developed economic concepts of decentralized competition and private property.
