Article on the circular economy co-authored by Dr Khaled Soufani and colleagues at the Circular Economy Centre at Cambridge Judge Business School is chosen as a featured article in the California Management Review.
The article, entitled “Introducing a circular economy: new thinking with new managerial and policy implications”, examines how the current “take, make, dispose” world is unsustainable, so this linear economy model needs to be replaced by an economy based on recycling and reuse.
“The private sector and many governments have yet to recognise the full potential and benefits associated with the circular economy,” the article concludes. “Resource scarcity problems can not only be mitigated but also corrected by taking a long-term view of sustainability and by redesigning production processes according to a circular economy model. This provides an optimistic scenario where current standards of living and expectations can be maintained under rising demand and dwindling natural resources.”
The article is co-authored by Dr Khaled Soufani, Professor Mark Esposito, a Fellow at the Circular Economy Centre, and Dr Terence Tse, a former fellow of the Centre. The California Management Review is the journal of the Haas School of Business at the University of California Berkeley.