Re-reading Steady-state Economy: Calm Thinking on Hot Circular Economy |
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| Institution: | 1. Sheffield University Management School, Conduit Road, Sheffield S10 1FL, UK;2. Erasmus University Rotterdam, International Institute of Social Studies, 2502 LT ''s-Gravenhage, the Netherlands;3. Universitat Autonoma de Barcelona, 08193 Cerdanyola del Vallès, Barcelona, Spain;4. ABIS – The Academy of Business in Society, Avenue Louise 231, 1050 Ixelles, Brussels, Belgium;5. University of Exeter Business School, Rennes Dr, Exeter EX4 4PU, UK;6. University of Kent Business School, Canterbury CT2 7FS, UK;1. Sustainability Research Institute, School of Earth and Environment, University of Leeds, Leeds LS2 9JT, United Kingdom;2. Sea and Society Group, Plymouth Marine Laboratory, Plymouth, United Kingdom;3. School of Environmental Sciences, University of East Anglia, United Kingdom;4. Division of Tropical Environments & Societies, James Cook University, Australia |
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| Abstract: | Steady-state economics claims that a low circulation rate of the natural system and social-economic system is necessary for us, whose aim is to keep the balance between substance and energy, namely, sustainable development. Due to its intrinsic tendency of anti-consumptionism and anti-technical omnipotence, steady-state economic theory has never been the mainstream. However, in the process of promoting circular economy in China, it is urgent to reappraise and re-study the steady-state economics. For China, which is not rich in natural and environmental resources, not only the material recovery, but also the cost of energy and low-entropy material should be taken into consideration in the process of developing circular economy. |
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