Corvinus
Corvinus

The Closed Loop Model by Regional Economics or How Big is the Ants’ Footprint?

Dobos, Imre and Szalay, Zsuzsanna (2011) The Closed Loop Model by Regional Economics or How Big is the Ants’ Footprint? In: Third Annual Conference on Globalization, Sustainability and Development, May 4 - 7. 2011., Gödöllő / Budapest, Hungary.

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The participation in the conference is supported by TÁMOP-4.2.1/B-09/1/KMR-2010-005

Abstract

The economy is communication between Man and Nature. It is an interaction-network between our outside and inside Nature, that is, the external Nature surrounding us and the internal nature expressing our human essence. Money is an institution of the society, an infrastructure that ensures division of labour, enables the flow of information and material between the participants. The concept of regional material and financial circular flow will be more important with the oncoming peak-oil and post-carbon era. We should describe in time the outlines of closed or semi-closed loops economy. The fundamentals of Input-Output will flourish once again; it could help us formulate the link between the efficiency and resiliency of a regional complex system.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:closed loop economy, sustainability, input-output model
Subjects:Environmental economics
Logistics, production management
ID Code:442
Deposited By: Ádám Hoffmann
Deposited On:20 Sep 2011 15:30
Last Modified:03 Jul 2012 00:24

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