The Miscommunications and Misunderstandings of Nicholas Georgescu-Roegen

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2009

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Abstract

If there is any takeaway from 1971’s The Entropy Law and the Economic Process, it’s this: beneath every intersection of the supply and demand curve, there’s a slow, but steady, process of environmental degradation. Try as you will to recycle waste materials, the book argues—this process cannot be reversed. A formulation of economics backed with this insight was the life vision of Nicholas Georgescu-Roegen, whose work on environmental economics has recently received a new round of academic scrutiny. But one might ask, why wasn’t Georgescu well received the first time around, during his time? This paper explores that topic.

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Iglesias, Samuel Lee (2009). The Miscommunications and Misunderstandings of Nicholas Georgescu-Roegen. Honors thesis, Duke University. Retrieved from https://hdl.handle.net/10161/1389.


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