The Evolution of Circular Economy: A Journey to Sustainable Development
The Birth of a New Economic Paradigm The concept of a circular economy has been around for several decades, but it wasn’t until the 1970s that the term started gaining traction. The idea of a circular economy was first introduced by Kenneth Boulding, an American economist, in his 1966 paper “The Economics of the Coming Spaceship Earth.” In this paper, Boulding argued that the world’s resources are limited, and therefore, we need to adopt a more efficient and sustainable approach to production and consumption. ...