1. the circular fl ow model is a simplifi ed version of our economy. describe how this model works7/3/2023 Circularity does not refer to the macroeconomic process (which is already circular), it refers to making the circuits of materials and goods circular. The circular economy is actually a misleading term. Figures for job creation and the economic return from the circular economy apparently have more effect than success stories featuring circular business operators. For the Netherlands, sortlike calculations are made by TNO (2013). The attention of many policymakers has been drawn especially to the reports from the Ellen MacArthur Foundation (EMF, 2012, 2013, 2015), in which McKinsey calculated the potential of the circular economy in economic terms. The term ‘circular economy’ has become increasingly popular in recent years. This Special is produced with the assistance of Tara Jansen. From circular materials cycles to a circular macroeconomy with scenario’s for the Netherlands
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