Evolution, Welfare and Time in Economics. Essays in Honor of Nicholas Georgescu-Roegen.

[GEORGESCU-ROEGEN, Nicholas] TANG, Anthony M.; WESTFIELD, Fred M. & James S. WORLEY (eds.):

ISBN 10: 0669007366 / ISBN 13: 9780669007367

Published by Lexington & Toronto: Lexington Books, D. C. Heath, 1976 [1979]., 1979

About this Item

First Edition, second printing. xi, 182 pp, 1 leaf. Original cloth. Near Fine, in near fine dust jacket. Contributors include Boulding, Spengler, Kuznets, Tinbergen, Hicks, Samuelson, et al. Pp. 171-8 = Bibliography. 'In 1966, Georgescu-Roegen bailed out of the Neo-Walrasian ship with a salvo of critical torpedoes - contained in the insightful and erudite introduction to his Analytical Economics (1966). There, he developed his initial ideas on a new biological or evolutionary approach to economic theory. His ideas were further developed and consolidated in his magnum opus, The Entropy Law and the Economic Process (1971). Georgescu-Roegen's claims, among others, were that an economy faces limits to growth, for which he invoked the Second Law of Thermodynamics ('useful energy gets dissipated'). Although generally ignored by mainstream economics, he was hailed by the fledlging environmental movement and, until the end of his life, never ceased to speak out on his ideas for a new approach to economic theory. Today, his work is gaining influence, and his insights are being grafted into the new field of evolutionary economics' (please ask for on-line source).

Seller Inventory # 19353

Bibliographic Details

• Title: Evolution, Welfare and Time in Economics. Essays in Honor of Nicholas Georgescu-Roegen.
• Publisher: Lexington & Toronto: Lexington Books, D. C. Heath, 1976 [1979].
• Publication Date: 1979
• Language: English
• ISBN 10: 0669007366
• ISBN 13: 9780669007367
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Near Fine
• Dust Jacket Condition: Near Fine