What did Georgescu-Roegen's followers call his position?
Entropy pessimism
Resource optimism
Sustainable growth
Green economics
Answer
Entropy pessimism, a term coined by Georgescu-Roegen's followers, encapsulates his belief that the increasing entropy of the universe leads to the inevitable degradation of natural resources and economic growth. This pessimism stems from the idea that economic processes, like all physical processes, are subject to the laws of thermodynamics, particularly the second law, which states that entropy, or disorder, always increases over time.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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