The Entropy Law and the Economic Process

E482427

The Entropy Law and the Economic Process is a foundational work in ecological economics that applies the concept of entropy from thermodynamics to critique conventional economic theory and highlight the physical limits to economic growth.

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The Entropy Law and the Economic Process canonical 2

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Statements (44)

Predicate Object
instanceOf book ⓘ
non-fiction book ⓘ
work of ecological economics ⓘ
academicDiscipline environmental economics ⓘ
heterodox economics ⓘ
philosophy of economics ⓘ
appliesConcept entropy law ⓘ
second law of thermodynamics ⓘ
argues economic activity transforms low-entropy resources into high-entropy waste ⓘ
economic growth is constrained by physical limits ⓘ
economic process is entropic and irreversible ⓘ
author Nicholas Georgescu-Roegen ⓘ
countryOfPublication United States ⓘ
criticizes mechanistic and reversible models of the economy ⓘ
critiques conventional economic theory ⓘ
neoclassical economics ⓘ
emphasizes biophysical limits to the economy ⓘ
finite nature of natural resources ⓘ
irreversibility of economic processes ⓘ
field economics ⓘ
environmental studies ⓘ
thermodynamics in social sciences ⓘ
hasKeyConcept bioeconomic limits ⓘ
high-entropy waste ⓘ
low-entropy resources ⓘ
material and energy throughput ⓘ
hasReputationAs foundational work in ecological economics ⓘ
impact inspired later ecological economists ⓘ
shaped sustainability debates in economics ⓘ
influenced degrowth discourse ⓘ
development of ecological economics ⓘ
thermodynamic approaches to economics ⓘ
introducesConcept bioeconomic paradigm ⓘ
language English ⓘ
mainSubject ecological economics ⓘ
economic theory ⓘ
entropy ⓘ
limits to economic growth ⓘ
thermodynamics and economics ⓘ
proposes integration of physical laws into economic analysis ⓘ
publicationYear 1971 ⓘ
publisher Harvard University Press ⓘ
questions possibility of indefinite economic growth ⓘ
relatedWorkOfAuthor Nicholas Georgescu-Roegen ⓘ

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nicholas Georgescu-Roegen → notableWork → The Entropy Law and the Economic Process ⓘ
Nicholas Georgescu-Roegen → notableWork → The Entropy Law and the Economic Process ⓘ
subject linked to: Nicolae Georgescu