The Entropy Law and the Economic Process
E482427
The Entropy Law and the Economic Process is a foundational work in ecological economics that applies the concept of entropy from thermodynamics to critique conventional economic theory and highlight the physical limits to economic growth.
All labels observed (1)
| Label | Occurrences |
|---|---|
| The Entropy Law and the Economic Process canonical | 1 |
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
non-fiction book ⓘ work of ecological economics ⓘ |
| academicDiscipline |
environmental economics
ⓘ
heterodox economics ⓘ philosophy of economics ⓘ |
| appliesConcept |
entropy law
ⓘ
second law of thermodynamics ⓘ |
| argues |
economic activity transforms low-entropy resources into high-entropy waste
ⓘ
economic growth is constrained by physical limits ⓘ economic process is entropic and irreversible ⓘ |
| author | Nicholas Georgescu-Roegen NERFINISHED ⓘ |
| countryOfPublication |
United States of America
ⓘ
surface form:
United States
|
| criticizes | mechanistic and reversible models of the economy ⓘ |
| critiques |
conventional economic theory
ⓘ
neoclassical economics ⓘ |
| emphasizes |
biophysical limits to the economy
ⓘ
finite nature of natural resources ⓘ irreversibility of economic processes ⓘ |
| field |
economics
ⓘ
environmental studies ⓘ thermodynamics in social sciences ⓘ |
| hasKeyConcept |
bioeconomic limits
ⓘ
high-entropy waste ⓘ low-entropy resources ⓘ material and energy throughput ⓘ |
| hasReputationAs | foundational work in ecological economics ⓘ |
| impact |
inspired later ecological economists
ⓘ
shaped sustainability debates in economics ⓘ |
| influenced |
degrowth discourse
ⓘ
development of ecological economics ⓘ thermodynamic approaches to economics ⓘ |
| introducesConcept | bioeconomic paradigm ⓘ |
| language | English ⓘ |
| mainSubject |
ecological economics
ⓘ
economic theory ⓘ entropy ⓘ limits to economic growth ⓘ thermodynamics and economics ⓘ |
| proposes | integration of physical laws into economic analysis ⓘ |
| publicationYear | 1971 ⓘ |
| publisher | Harvard University Press NERFINISHED ⓘ |
| questions | possibility of indefinite economic growth ⓘ |
| relatedWorkOfAuthor | Nicholas Georgescu-Roegen NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.