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ircular economies are often framed as addressing a trio of problems: environmental degradation, economic stagnation, and social ills, broadly defined. Our paper centers on this last claim – that circular economies promise social benefits. There is a dearth of literature focused on the social dimensions of circular economies (Geissdoerfer, Martin, Paulo Savaget, Nancy M. P. Bocken, and Erik Jan Hultink. 2017. “The Circular Economy – A New Sustainability Paradigm?” Journal of Cleaner Production 143 (February): 757–768. doi:10.1016/j.jclepro.2016.12.048.), and even less attention to the meaning of social justice in the context of circular economies, let alone how it might be enacted in policy and practice. Drawing on data generated from focus groups with circular economy experts and a content analysis of US-based governmental, NGO, and business literature on circular economies, we explore whether and how justice emerges in circular economy discourse. We explore the narratives that these actors use to describe justice, and the barriers they see in achieving just and inclusive circular economies. We aim to identify the ways in which social justice is defined and discussed – or not – by the actors who seem to be most actively pushing for a circular economy (CE). Our work addresses the critical need to articulate clearly what it is we mean by social justice in relation to the CE. For if the CE is to contribute to sustainable social transformations, justice must be more than a buzzword – the CE must be just by design.
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Introducing the Circular Economy to Economists
A circular economy (CE) would reduce both extraction and disposal by encouraging green design and circular business models, as well as repair, reuse, remanufacturing, and recycling. The CE started among architects and engineers, with little interest among economists. This article introduces CE concepts to economists, introduces key insights about the CE from other disciplines, and describes how economists can use these insights for a more complete economic analysis of policies that can better improve human welfare. An economic model of CE behavior can benefit from understanding the environmental gains from green designs based on engineering,transaction-cost savings from information based on blockchain technology, life cycle assessments based on industrial ecology, and behavioral science concepts of cultural barriers and social decision making that affect how producers and consumers respond to incentives. With various disciplines brought to bear on the subject, the combined analysis can exceed the sum of its parts.
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- Award ID(s):
- 1934542
- PAR ID:
- 10662687
- Publisher / Repository:
- Annual Reviews
- Date Published:
- Journal Name:
- Annual Review of Resource Economics
- Volume:
- 14
- Issue:
- 1
- ISSN:
- 1941-1340
- Page Range / eLocation ID:
- 493 to 514
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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- Free Publicly Accessible Full Text
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Accepted Manuscript
- Journal Article:
- https://doi.org/10.1146/annurev-resource-101321-053659
