In the latest episode of EconoFact Chats, the circular economy is discussed in detail. This concept emphasizes sharing, reusing, repairing and recycling existing materials as a way to reduce waste. While traditionally explored by engineers, architects and sociologists, this episode focuses on the role of economists in furthering our understanding of and fostering an economy where little is wasted.
Don Fullerton from the University of Illinois, who has extensive experience in climate change and environmental economics, joins the show to delve into these issues. His expertise makes him well-equipped to explore the intersections of these fields and how they can contribute to a more sustainable economy.
Throughout the episode, Don Fullerton highlights the importance of incorporating economic principles into discussions about the circular economy. By understanding the financial implications of waste reduction and resource reuse, economists can provide valuable insights into how to shift towards a more sustainable economic model. This episode sheds light on the critical role that economists can play in driving positive change towards a circular economy and reducing our environmental impact.
