Ecnomics is built around the idea of an infinite supply of r3esources and infinite capability to grow model. But Earth is finite, as we notice when materials start to run out, becoming far more expensive. And Energy, the master resource, needs to be provided in more intensive forms as time goes on to deal with the growth already obtained (wood to coal to oil...). Investigate ideas for the "circular ecnomy", where materials are recycled or reused and energy is renewable. What does this idea do to macroeconomics? And it is something that can actually happen?

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The concept of a circular economy addresses the challenges posed by finite resources and the need for sustainable development It aims to minimize wast... View the full answer