Circular economies and social services

Life in a modern, interconnected world has delivered miraculous advances in communications, technology and trade. It is also becoming widely acknowledged that the last few decades of globalised commerce and finance has, by design, transferred large amounts of power and profit out of small communities, towards distant and unaccountable actors, while the waste generated in manufacture and transport of goods has accumulated among the most undeserving of areas. The Circular Economy proposes an alternative to the current model of global trade, which funnels money out of communities, by keeping as many transactions within the local community as possible. Dr Kersty Hobson's latest paper makes the case that theories of circular economics would benefit from incorporating a better understanding of the psychology of ownership. Read more about Dr Hobsons work through her Cardiff University staff page.The original research is available here.