Chapter 17 Getting to a circular growth economy by harnessing circular and cumulative causation
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The idea of a circular economy is a characterization of how goods and services can be produced and consumed in an ecologically sound and environmentally sustainable manner that meets concerns of overuse of resources, waste generation, and climate change, inter alia, through the conscious interlinking of disparate economic activities. The notion of circular and cumulative causation, through which certain positive and negative effects are promoted and reinforced by positive feedbacks, also is not new. However, little attention has been given to how circular and cumulative causation (CCC) might be harnessed to bring about a circular growth economy. This chapter presents a formal examination of how CCC might be exploited to manage a transition to a more circular but still dynamic macro-economy. It does so by presenting a new model of circular economic growth that introduces three sources of CCC: increasing returns to scale, learning by doing, and human capital deepening.

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