Moving from a Product-Based Economy to a Service-Based Economy for a More Sustainable Future

Part of the Springer Series in Supply Chain Management book series (SSSCM, volume 4)


Traditionally, economic growth and prosperity have been linked with the availability, production, and distribution of tangible goods as well as the ability of consumers to acquire such goods. Early evidence regarding this connection dates back to Adam Smith’s Wealth of Nations (1776), in which any activity not resulting in the production of a tangible good is characterized as “unproductive of any value.” Since then, this coupling of economic value and material production has been prevalent in both developed and developing economies throughout the world.


Business Model Consumer Surplus Guide Vane Circular Economy Product Service System 
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Copyright information

© Yann Bouchery, Charles J. Corbett, Jan C. Fransoo, and Tarkan Tan 2017

Authors and Affiliations

  1. 1.School of BusinessGeorge Mason UniversityFairfaxUSA
  2. 2.Moore School of BusinessUniversity of South CarolinaColumbiaUSA

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