The classical circular economy, sraffian Eecological economics and the capabilities approach

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Abstract

Here I provide some further elaborations on the idea of a classical circular economy and its articulation with the capabilities approach. This enables addressing some important questions raised by Yoann Verger (2017) when commenting on the idea of a classical circular economy as outlined in Martins (2016) while advancing the basis for a Sraffian ecological economics. To understand the connections between Sraffa's economic theory and the classical circular economy discussed by Verger (2017), an essential aspect to be addressed here is Sraffa's interpretation of the classical conception of the wage, which can be fruitfully addressed in terms of the capabilities approach, as suggested by Vivian Walsh (2000).
Original languageEnglish
Pages (from-to)38-45
Number of pages8
JournalEcological Economics
Volume145
DOIs
Publication statusPublished - Mar 2018

Keywords

  • Capabilities approach
  • Classical circular economy
  • Sraffian ecological economics
  • Strong sustainability
  • Subsistence wage

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