The new article, “The Circular Flow Model in Economics Explained,” aims to demystify one of the foundational concepts in macroeconomics: the Circular Flow Model. This model offers a simple yet ...

What is the circular economy and why it matters? Find out about EU action to support more sustainable production and consumption, and boost EU competitiveness.

This paper sets up a Ramsey model with natural resources to study the optimal recycling of polluting raw materials. Under plausible conditions it is optimal for the economy to go through an initial ...