What did Georgescu-Roegen's work emphasize?
Physical limits
Market dynamics
Consumer choice
Government intervention
Answer
Physical limits were a central focus of Georgescu-Roegen's work. He argued that economic growth is constrained by the laws of thermodynamics, which limit the availability of energy and resources. This perspective challenged the prevailing belief in limitless economic expansion and highlighted the importance of sustainability and resource conservation.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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