RE20147633 ART. THE CIRCULAR ECONOMY AND ENVIRONMENTAL TRANSITION

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Article: The circular economy and environmental transition

 

By Christian de PERTHUIS, professor, University Paris-Dauphine

 

Abstract

Developing a circular economy is usually justified by the concern for economizing and recycling raw materials with the goal of warding off the risk of exhausting them. A broader view sees the circular economy as a generalization of systems of production and consumption that are gradually based on natural systems of regulation (the climate, biodiversity, water cycle, etc.). The economic leverage for the emergence of a circular economy involves setting a price on damage to the environment. In France, this leverage could be made much more efficient through the taxation of wastes.









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While one wonders about the business of the twenty-first century and "the company post-crisis", it is useful to return to the original company of the twentieth century. Under what conditions it is born? What explains the forms that we know? And what are the foundations that could now be challenged? Berle and Means provide a historical interest, since their book The Modern Corporation and Private porperty (1932) analyzes the emergence of modern business in the early the twentieth century.

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