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Journal of the National Research University Higher School of Economics

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SSN 1995-459X print
E-ISSN 2312-9972 online
ISSN 2500-2597 online English

Editor-in-chief
Leonid Gokhberg

   




Hans Wiesmeth 1,2,3
  • 1 Saxon Academy of Sciences and Humanities , Karl-Tauchnitz-Str. 1, 04107 Leipzig, Germany
  • 2 Graduate School of Economics and Management, Ural Federal University, 19 Mira Street, Yekaterinburg, 620002, Russian Federation
  • 3 Dresden Technical University, 01062 Dresden, Germany

Systemic Change: The Complexity of Business in a Circular Economy

2020. Vol. 14. No. 4. P. 47–50 [issue contents]
The transition to a circular economy is often associated with appropriate business models, which should, among other things, help replace the conventional `end-of-life? concept regarding commodities with restoration and environmental design. This systemic change appears to be closely linked to the waste hierarchy: prevention of waste, reuse of old commodities, and recycling of waste. The paper shows that there are various problems for businesses to maintain the waste hierarchy in the context of a circular economy. The intrinsic nature of environmental commodities and, in particular, societal path dependencies present some challenges. These societal path dependencies are related to the benefits of decentralized decision-making in a market economy. In the short term, appropriate environmental policies can help alleviate some of these problems, but in the long term, these societal path dependencies need to be reoriented. The paper contains practical examples of all issues raised.
Citation: Wiesmeth H. (2020) Systemic Change: The Complexity of Business in a Circular Economy. Foresight and STI Governance, vol. 14, no 4, pp. 47–60. DOI: 10.17323/2500-2597.2020.4.47.60
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