Abstract

Recently, in the background of the world's global problems, significant attention is paid not to the linear economy, but to the circular economy. Several models of circular economy are known in the world. Among these models, one of the first circular economy models - Walter R. Stahel's model - is very common, although it was presented in a completely theoretical form, but at that time it did not have a practical explanation. The fundamental differences between linear and circular economies are discussed in Kenneth Boulding's model published in 1966, where the earth is viewed as a closed and circular system with limited resources. The author notes that it is necessary to find a balance between economic development and environmental preservation. This model is an idealistic version of Boulding's equilibrium point. The circular economy can become the main model of sustainable development, because the linear economy has a harmful effect on the environment and leads to the depletion of resources. It is also important to highlight B. Johnson's so-called "5R" model (Refuse Reduce, Reuse, Recycle, Rot). Other modern models of the circular economy are also discussed in the article. Keywords: Circular economy, sustainable development, standard of living, circular economy models

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