Overcoming the Circular Economy Paradox through Innovation: Pitfalls in the Transition Pathways
Year: 2022
Type: article
Abstract: From the forerunners in implementing legislation in favor of the circular economy (CE) at the beginning of the 2000s to the most recent policies and packages developed at the level of countries or regions, we can state that the CE has gradually established itself in environmental public policies (Gallaud, Laperche, 2016;Geissdoerfer, 2017).It is also the case at the level of companies, where the CE has become central in the definition of their business models (Bocken et al., 2016).However, to paraphrase a well-known paradox in innovation economics 1 , we could state that the CE is everywhere in the policy agendas and strategic plans of companies 1.We refer here to the productivity paradox put forward by Robert Solow to highlight the slowdown in productivity in the US in the 1970s and 1980s despite the diffusion of information technology and summed up by the famous sentence "You can see the computer age everywhere but in the productivity statistics", Solow (1987), We'd Better Watch Out, The New York Times Book Review, July 12.
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4298010015