Preface
Professor Georgescu-Roegen, a Romanian-American masterful mathematician and economist, laid the groundwork (with his Bioeconomics) for the discipline of Ecological Economics (Eco-Econ). Herman Daly, generally acknowledged as the "Father of Eco-Econ", was Georgescu-Roegen's student back in the day.
The article at the link below relates in great detail a small part of the Bioeconomics founder's life. His most famous publication was the book, The Entropy Law and the Economic Process (1971). It's a discussion of a key principle in Eco-Econ.
.......................
Why Study History?
In this particular case, there are at least two reasons:
1) It's a fairly fascinating story.
2) It's a great example of how and why a brilliant idea/concept can get smothered, ignored, delayed, and essentially squashed by the Establishment in any field of endeavor. In regard to the application of entropy to economics, that's still ongoing to some degree by "mainstream" (neoliberal) economists.
.......................
Conclusion
In trying to grasp the essence of any discipline, it's important to delve into its history. I imagine some/many younger people who find Eco-Econ extremely appealing often wonder why it's not already implemented. The article at the link below will give anyone great insight into a few possible/likely reasons for that. It should encourage them to "hang in there".
https://www.degrowth.org/wp-content/uploads/2011/05/Levallois_degrowth-an-historical-nite.pdf
........................
Not only my opinion. Be Well
No comments:
Post a Comment