What is the main theme of Georgescu-Roegen's work?
Resource depletion
Market efficiency
Consumer behavior
Monetary policy
Answer
Resource depletion is the central theme of Georgescu-Roegen's work. He argued that economic growth is inherently unsustainable due to the finite nature of natural resources and the increasing entropy of the universe. He emphasized the importance of considering the long-term consequences of resource consumption and advocated for a transition to a steady-state economy that respects ecological limits.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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