The ecological and evolutionary economics of Georgescu-Roegen

Andrei Domingues Cechin () and José Eli da Veiga ()

Brazilian Journal of Political Economy, 2010, vol. 30, issue 3, 438-454

Abstract: The main argument of this paper is that Georgescu-Roegen’s contributions represent a major disruption with economics’ pre-analytic vision. He rejected at the same time both the closed and circular view of the economy and the mechanic analogies that oriented economics in the past century. Even though his influence has been felt mainly in the field of ecological economics, his epistemological contributions represent a major challenge to equilibrium thinking. Nowadays, treating economic systems as complex and evolutionary systems is becoming not only acceptable, but also a trend in the way political economy is made. We defend that Georgescu-Roegen’s disruption represents a scientific revolution in economics, in the sense attributed by Kuhn. JEL Classification: Q51; Q57; A12; B52.

Keywords: Georgescu‑Roegen; ecological economics; evolutionary economics; sustainability; paradigm (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:30:y:2010:i:3:p:438-454:id:452

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