What did Georgescu-Roegen's work influence?
Ecological economics
Classical economics
Keynesian economics
Marxist theory
Answer
Ecological economics, a field that examines the interdependence between economic systems and natural ecosystems, was significantly influenced by the work of economist Nicholas Georgescu-Roegen. His groundbreaking ideas on the laws of thermodynamics, entropy, and the finite nature of resources challenged traditional economic models and emphasized the importance of environmental sustainability in economic decision-making.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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