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Revisiting Keynes in the Light of the Transition to Circular Economy

The study briefly recalls the evolution and crisis of the theory and thought of John Maynard Keynes with the rise and progressive dominance of the neoliberalism paradigm. The exercise has been made for evaluating the effects of such process for the sustainability of the global economy and society. I...

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Autores principales: Ghisellini, Patrizia, Passaro, Renato, Ulgiati, Sergio
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8027294/
https://www.ncbi.nlm.nih.gov/pubmed/34888556
http://dx.doi.org/10.1007/s43615-021-00016-1
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author Ghisellini, Patrizia
Passaro, Renato
Ulgiati, Sergio
author_facet Ghisellini, Patrizia
Passaro, Renato
Ulgiati, Sergio
author_sort Ghisellini, Patrizia
collection PubMed
description The study briefly recalls the evolution and crisis of the theory and thought of John Maynard Keynes with the rise and progressive dominance of the neoliberalism paradigm. The exercise has been made for evaluating the effects of such process for the sustainability of the global economy and society. In this view, we explored how Keynes’ contribution could be useful for the global economy in building a new paradigm of socio-economic development underpinning the transition to circular economy (CE). We also evaluated the adoption of the Global Green New Deal including a case study of Italy for the purpose of suggesting how that topical political programme can be key in the CE transition. Given the urgency of environmental problems, we underline the importance of the adoption of Keynesian expansionary “green mission oriented” fiscal policies with the purpose of allowing the triggering of a virtuous circle of sustainable welfare involving the Green New deal and the transition to CE. At the basis of such virtuous circle, we propose a new paradigm based on a revisited Keynesian paradigm and models of economy within the framework of Genovesi’s “civil economy” that entails an active role and responsibility of all the societal actors (consumers, companies and institutions). In this view, the “spirit” of Keynes in the economy, policy and society could be appreciated once more and be extremely useful along with other scholars’ contributions in accelerating the CE transition and a more sustainable development.
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spelling pubmed-80272942021-04-08 Revisiting Keynes in the Light of the Transition to Circular Economy Ghisellini, Patrizia Passaro, Renato Ulgiati, Sergio Circ Econ Sustain Full Paper The study briefly recalls the evolution and crisis of the theory and thought of John Maynard Keynes with the rise and progressive dominance of the neoliberalism paradigm. The exercise has been made for evaluating the effects of such process for the sustainability of the global economy and society. In this view, we explored how Keynes’ contribution could be useful for the global economy in building a new paradigm of socio-economic development underpinning the transition to circular economy (CE). We also evaluated the adoption of the Global Green New Deal including a case study of Italy for the purpose of suggesting how that topical political programme can be key in the CE transition. Given the urgency of environmental problems, we underline the importance of the adoption of Keynesian expansionary “green mission oriented” fiscal policies with the purpose of allowing the triggering of a virtuous circle of sustainable welfare involving the Green New deal and the transition to CE. At the basis of such virtuous circle, we propose a new paradigm based on a revisited Keynesian paradigm and models of economy within the framework of Genovesi’s “civil economy” that entails an active role and responsibility of all the societal actors (consumers, companies and institutions). In this view, the “spirit” of Keynes in the economy, policy and society could be appreciated once more and be extremely useful along with other scholars’ contributions in accelerating the CE transition and a more sustainable development. Springer International Publishing 2021-04-08 2021 /pmc/articles/PMC8027294/ /pubmed/34888556 http://dx.doi.org/10.1007/s43615-021-00016-1 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Full Paper
Ghisellini, Patrizia
Passaro, Renato
Ulgiati, Sergio
Revisiting Keynes in the Light of the Transition to Circular Economy
title Revisiting Keynes in the Light of the Transition to Circular Economy
title_full Revisiting Keynes in the Light of the Transition to Circular Economy
title_fullStr Revisiting Keynes in the Light of the Transition to Circular Economy
title_full_unstemmed Revisiting Keynes in the Light of the Transition to Circular Economy
title_short Revisiting Keynes in the Light of the Transition to Circular Economy
title_sort revisiting keynes in the light of the transition to circular economy
topic Full Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8027294/
https://www.ncbi.nlm.nih.gov/pubmed/34888556
http://dx.doi.org/10.1007/s43615-021-00016-1
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