India, Jan. 16 -- Interestingly the word 'circular economy' was not coined by any famous personalities. However, the idea emerged from a book written by Boulding (1996), who had proposed that four walls bounded Earth with "limited assimilative capacity and as such the economy and environment must coexist in equilibrium." This perception used to be an integral part of the school textbooks since its advent.
With the evolution of the teaching parameters and the interception from environmental economics, clean chemistry, industrial economy, green chemistry, regenerative design, the idea of this closed-loop economy began to emerge. However, several theories claim that the origin of this popular term was from the businessman and profit makers in...