The Entropy Law and the Economic Process

Nicholas Georgescu-Roegen

ISBN 10: 0674281640 / ISBN 13: 9780674281646

Published by Harvard University Press Feb 1971, 1971

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Neuware -No detailed description available for 'The Entropy Law and the Economic Process'. 476 pp. Englisch. Seller Inventory # 9780674281646

Bibliographic Details

Title: The Entropy Law and the Economic Process

Publisher: Harvard University Press Feb 1971

Publication Date: 1971

Binding: Buch

Condition: Neu

About this title

Synopsis:

"Every few generations a great seminal book comes along that challenges economic analysis and through its findings alters men's thinking and the course of societal change. This is such a book, yet it is more. It is a "poetic" philosophy, mathematics, and science of economics. It is the quintessence of the thought that has been focused on the economic reality. Henceforce all economists must take these conclusions into account lest their analyses and scholarship be found wanting. "The entropy of the physical universe increases constantly because there is a continuous and irrevocable qualitative degradation of order into chaos. The entropic nature of the economic process, which degrades natural resources and pollutes the environment, constitutes the present danger. The earth is entropically winding down naturally, and economic advance is accelerating the process. Man must learn to ration the meager resources he has so profligately squandered if he is to survive in the long run when the entropic degradation of the sun will be the crucial factor, "for suprising as it may seem, the entire stock of natural resources is not worth more than a few days of sunlight!" Georgescu-Rogen has written our generation's classic in the field of economics."Library Journal