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In memoriam – Nicholas Georgescu- Roegen. A New Paradigm

Listed author(s):
  • 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.

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Article provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.

Volume (Year): 2(497) (2006)
Issue (Month): 2(497) (April)
Pages: 3-6

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Handle: RePEc:agr:journl:v:2(497):y:2006:i:2(497):p:3-6
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