The circular economy is a concept that emphasizes the sharing, reusing, repairing, and recycling of existing materials. While engineers, architects, and sociologists have traditionally explored this topic, economists are now being asked whether they can contribute to advancing our understanding of this economic model. Don Fullerton from the University of Illinois is the featured guest on EconoFact Chats where he delves into these issues and more.
With a wealth of experience under his belt, Don Fullerton brings unique insights to the conversation. He has served as the lead author for an assessment report by the UN’s Intergovernmental Panel on Climate Change and has worked as the director of the National Bureau of Economic Research’s Environmental Program. This background gives him a valuable perspective on how economics can shape an economy that is sustainable and resource-efficient.
The discussion likely involves exploring opportunities and challenges associated with transitioning towards a circular economy. Don Fullerton may touch upon how economic incentives and policies can be designed to promote behaviors that align with the principles of the circular economy. By considering economic implications of waste reduction, resource conservation, and sustainable production and consumption practices, economists can offer valuable perspectives on how to move towards a more sustainable and efficient economy.
Overall, this episode promises to be enlightening as it brings together expertise from various fields including economics, engineering, and sociology. It has the potential to provide new insights and solutions for creating a more sustainable and resilient economy for the future.