What did Georgescu-Roegen foresee for the world economy?
Inevitable future collapse
Endless growth
Stable equilibrium
Rapid expansion
Answer
Georgescu-Roegen predicted an inevitable future collapse for the world economy due to the depletion of non-renewable resources and the increasing entropy of the system. He argued that economic growth, as traditionally measured, is unsustainable in the long run and that the pursuit of infinite growth in a finite system is ultimately self-defeating.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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