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Economic Analysis: Theory and Practice
 

Interrelation and interaction of principles of socio-ecological and economic concepts

Vol. 20, Iss. 12, DECEMBER 2021

Received: 20 September 2021

Received in revised form: 3 October 2021

Accepted: 19 October 2021

Available online: 27 December 2021

Subject Heading: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

JEL Classification: Q50, Q57

Pages: 2262–2280

https://doi.org/10.24891/ea.20.12.2262

Ekaterina O. WEGNER-KOZLOVA Institute of Economics of Ural Branch of RAS, Yekaterinburg, Russian Federation
Vegner.kozlova.eo@uiec.ru

https://orcid.org/0000-0003-4182-6514

Subject. The article addresses the principles of circular economy in their relationship with the principles of sustainable development and green economy.
Objectives. The aim is to clarify the principles of circular economy and green economy, establish the relationship of principles of these concepts, propose new principles of circular economy.
Methods. The study rests on methods of analysis, synthesis, comparative and causal analysis.
Results. The paper presents a comparative analysis of principles of the green economy. On its basis, a new interpretation of the concept principles is offered. Taking into account the interrelation of the concepts of green and circular economies, the paper also clarifies the principles of the circular economy. The framework of the circular economy is supplemented by principles of regional specificity, recovery, regeneration and reclamation. I propose to consider the framework of circular economy from the point of view of "principles-conditions" and "principles-actions".
Conclusions. Despite its popularity, the paradigm of the circular economy has not been properly formed. The scientific literature still lacks a systems and comprehensive analysis of its conceptual foundations. The principles of circular economy should reflect the relationship of the concept with the fundamental principles of sustainable development and the green economy, though have their own specifics.

Keywords: sustainable development, green economy, circular economy, principles of circular economy, circular economy framework

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