Manual Rethinking Economics: Reflections of an Uncommon Economist

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Would-be pop stars once had to impress the gatekeepers of music—record labels, radio, television and press—if they were to find an audience; because the nascent stars were everywhere, the adults usually found out about them at the same time as the youngsters. The ability to self-release music through Spotify, to self-promote through Instagram and YouTube, for your music to be shared through group chats, to communicate directly to fans on social media—all of this means that it is possible to become a pop star without ever going near those old gatekeepers.

For the first time in decades, a generation gap has opened up in pop music. That is because she has employed both the new model and the old model. Straight after that, she signed to Interscope, a major label, and for the last two years she has been carefully nurtured by Apple Music which also bought Platoon late last year. Apple yearns to differentiate itself from Spotify by being the streaming service that promotes artists, rather than just songs. A lot of old-fashioned industry muscle has gone into this redefinition of teen pop stardom.

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And with the major labels resurgent—revenues from recorded music were up by 9. Meet the new star, same as the old star. Join them. Subscribe to The Economist today. Bringing variety to our Newcastle events and discussion, will also explore the impact of Seasonal Affective Join us Wednesday, May 22 for an afterwork 'happy hour' that features interesting ideas and people at it's core: especially focusing on organizations that are working towards the circular economy as they foster beneficial How might we achieve a more sustainable fashion industry?

Join the network at a workshop to explore case studies of Circular Economy initiatives in emerging economies and in more developed countries.

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More events. Circular economy. How to Think Like a 21st Century Economist 0. RSA Makers Summit 0. Report: Designing for a circular economy - lessons from The Great Report: North sea oil and gas rig decommissioning and re-use Breaking the mould: How Etsy and online craft marketplaces are The Sharing Economy is saving and transforming the lives of millions Abrasive grains are produced from crushed, cleaned and selected walnut shells. They are classified as reusable abrasives.

A first attempt to measure the success of Circular Economy implementation was done in a construction company. The logistics industry plays an important role in the Dutch economy because the Netherlands is located in a specific area where transit of commodities takes place on a daily basis. The Netherlands is an example of a country from the EU that has increasingly moved towards incorporating a circular economy given the vulnerability of the Dutch economy as well as other EU countries to be highly dependable on raw materials imports from countries such as China, which makes the country susceptible to the unpredictable importation costs for such primary goods.

Some of the areas are chemical industries, wholesale trade, industry and agriculture, forestry and fisheries because they see a potential reduction of costs when reusing, recycling and reducing raw materials imports.

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In addition, logistic companies can enable a connection to a circular economy by providing customers incentives to reduce costs through shipment and route optimization, as well as, offering services such as prepaid shipping labels, smart packaging, and take-back options. Several statistics have indicated that there will be an increase in freight transport worldwide, which will affect the environmental impacts of the global warming potential causing a challenge to the logistics industry, however, the Dutch council for the Environment and Infrastructure Dutch acronym: Rli provided a new framework in which it suggests that the logistics industry can provide other ways to add value to the different activities in the Dutch economy, such as, an exchange of resources either waste or water flows for production from the different industries, in addition, to change the transit port concept to a transit hub.

Moreover, the Rli studied the role of the logistics industry for three sectors, agriculture and food, chemical industries and high tech industries which can be found detailed in "Towards a Circular Economy: The Role of Dutch Logistics Industries and Governments". The CE does not aim at changing the profit-maximization paradigm of businesses. Rather, it suggests an alternative way of thinking how to attain a Sustained Competitive Advantage SCA , while concurrently addressing the environmental and socio-economic concerns of the 21st century.

Indeed, stepping away from linear forms of production most often leads to the development of new core competencies along the value chain and ultimately superior performance that cuts costs, improves efficiency, meets advanced government regulations and the expectations of green consumers. But despite the multiple examples of companies successfully embracing circular solutions across industries, and notwithstanding the wealth of opportunities that exist when a firm has clarity over what circular actions fit its unique profile and goals, CE decision-making remains a highly complex exercise with no one-size-fits-all solution.

The intricacy and fuzziness of the topic is still felt by most companies especially SMEs , which perceive circular strategies as something not applicable to them or too costly and risky to implement.

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The book Strategic Management and the Circular Economy defined for the first time a CE strategic decision-making process, covering the phases of analysis, formulation, and planning. Although yet to be verified, it is argued that all standard tools for strategic management can and should be calibrated and applied to a CE. This manifesto clearly stated that "In a world with growing pressures on resources and the environment, the EU has no choice but to go for the transition to a resource-efficient and ultimately regenerative circular economy.

The European environmental research and innovation policy aims at supporting the transition to a circular economy in Europe, defining and driving the implementation of a transformative agenda to green the economy and the society as a whole, to achieve a truly sustainable development. Research and innovation in Europe are financially supported by the programme Horizon , which is also open to participation worldwide.

The European Union plans for a circular economy are spearheaded by its Circular Economy Package. Historically, the policy debate in Brussels mainly focused on waste management which is the second half of the cycle, and very little is said about the first half: eco-design.

To draw the attention of policymakers and other stakeholders to this loophole, the Ecothis, an EU campaign was launched raising awareness about the economic and environmental consequences of not including eco-design as part of the circular economy package. Initiated by former Ecover CEO and Belgian entrepreneur Gunter Pauli , derived from the study of natural biological production processes the official manifesto states, "using the resources available Created by Walter R.

2. Six central methodological problems

Stahel and similar theorists, in which industry adopts the reuse and service-life extension of goods as a strategy of waste prevention, regional job creation, and resource efficiency in order to decouple wealth from resource consumption. Industrial Ecology is the study of material and energy flows through industrial systems. Focusing on connections between operators within the "industrial ecosystem", this approach aims at creating closed loop processes in which waste is seen as input, thus eliminating the notion of undesirable by-product.

Resource recovery is using wastes as an input material to create valuable products as new outputs. The aim is to reduce the amount of waste generated, therefore reducing the need for landfill space and also extracting maximum value from waste. The ability to understand how things influence one another within a whole.

Circular economy

Elements are considered as 'fitting in' their infrastructure, environment and social context. The Biosphere Rules is a framework for implementing closed loop production processes.

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They derived from nature systems and translated for industrial production systems. From Wikipedia, the free encyclopedia.

Circular economy - Wikipedia

Main article: Biomimicry. Main article: The Blue Economy. Main article: Cradle to cradle design. Main article: Industrial ecology.

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    Main article: The Biosphere Rules. Business and economics portal Ecology portal. Retrieved Journal of Cleaner Production. Ellen MacArthur Foundation. August Resources, Conservation and Recycling. Journal of Business Ethics. Current Opinion in Green and Sustainable Chemistry. November March 8, Jarrett ed. Retrieved 26 August , or dieoff. Squaring the Circular Economy.