What did Georgescu-Roegen's work contribute to?
Ecological economics
Classical economics
Behavioral economics
Marxist theory
Answer
Ecological economics emerged largely due to the work of Georgescu-Roegen, who emphasized the importance of thermodynamics and the concept of entropy in economic analysis. His work challenged the prevailing view of the economy as a closed system and highlighted the finite nature of resources and the irreversibility of environmental degradation.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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