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The ecological and evolutionary economics of Georgescu-Roegen

Author

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  • Andrei Domingues Cechin
  • José Eli da Veiga

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.

Suggested Citation

  • Andrei Domingues Cechin & José Eli da Veiga, 2010. "The ecological and evolutionary economics of Georgescu-Roegen," Brazilian Journal of Political Economy, Center of Political Economy, vol. 30(3), pages 438-454.
    • Handle: RePEc:ekm:repojs:v:30:y:2010:i:3:p:438-454:id:452
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    Keywords

    Georgescu‑Roegen; ecological economics; evolutionary economics; sustainability; paradigm;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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