What is Nicholas Georgescu-Roegen best known for?
The Entropy Law and the Economic Process
The Wealth of Nations
Das Kapital
The General Theory
Answer
The Entropy Law and the Economic Process, a theory proposed by Nicholas Georgescu-Roegen, asserts that economic growth inevitably leads to increased entropy, or disorder, in the environment. This is because economic activities, such as resource extraction and production, consume energy and materials, which are then dispersed as waste.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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