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In memoriam – Nicholas Georgescu- Roegen. A New Paradigm


  • Ion Pohoata

    (Universitatea „Al. I. Cuza” Iasi)


The name of Nicholas Georgescu-Roegen has been associated with a new paradigm, a new way of thinking. Briefly, the main elements of the Roegenian intellectual matrix are: the entire theoretical and argumentative construction is subordinated to the general perspective, to the system; economics is a social science and in this case factual reality is the main validation criterion; economic processes take place according to the law of entropy, this leading to major reconsideration of neoclassical economic science; economic analysis must be essentially qualitative; mathematics and statistics are only tools; the institutional dimension stands as added-value to research; standard economic development must be replaced by sustained development.

Suggested Citation

  • Ion Pohoata, 2006. "In memoriam – Nicholas Georgescu- Roegen. A New Paradigm," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 2(2(497)), pages 3-6, April.
  • Handle: RePEc:agr:journl:v:2(497):y:2006:i:2(497):p:3-6

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    References listed on IDEAS

    1. Chang, Youngho, 2007. "The New Electricity Market of Singapore: Regulatory framework, market power and competition," Energy Policy, Elsevier, vol. 35(1), pages 403-412, January.
    2. Robinson, Sherman & Cattaneo, Andrea & El-Said, Moataz, 1998. "Estimating a social accounting matrix using cross entropy methods:," TMD discussion papers 33, International Food Policy Research Institute (IFPRI).
    3. Chang, Youngho & Hin Tay, Tuan, 2006. "Efficiency and deregulation of the electricity market in Singapore," Energy Policy, Elsevier, vol. 34(16), pages 2498-2508, November.
    4. Hosoe, Nobuhiro, 2006. "The deregulation of Japan's electricity industry," Japan and the World Economy, Elsevier, vol. 18(2), pages 230-246, March.
    5. Akkemik, K. Ali & Oğuz, Fuat, 2011. "Regulation, efficiency and equilibrium: A general equilibrium analysis of liberalization in the Turkish electricity market," Energy, Elsevier, vol. 36(5), pages 3282-3292.
    6. Timothy Brennan & Karen Palmer & Salvador Martinez, 2002. "Implementing Electricity Restructuring," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 99-132, June.
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