IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03226587.html

Georgescu-Roegen's Flow-Fund Theory of Production in Retrospect

Author

Listed:
  • Quentin Couix

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper provides a synthetic account of Georgescu-Roegen's flow-fund theory, as a contribution to the history of ecological economics. It reconstitutes Georgescu-Roegen's perspective on production, and its relationships with other frameworks, such as the neoclassical production function and input-output tables. The overall purpose is to clearly establish the foundations of the flow-fund theory, and to introduce the research perspectives it opens for ecological economics. The paper puts particular emphasis on the relationships between the flow-fund framework and two other aspects of Georgescu-Roegen's thought. First, his methodological perspective on economics, and the role of mathematical models, allows for a better understanding of the foundations of the flow-fund theory. Second, this framework incorporates Georgescu-Roegen's interest in the physical dimension of the economic process and the implications of the laws of thermodynamics. Overall, the paper concludes that the flow-fund theory has solid foundations, and thus represents a credible alternative to standard theories of production. However, in order to show how this framework can shed light on contemporary issues in ecological economics, more applications are needed, especially at the theoretical level. The main challenge for future research is to develop such applications while trying to be faithful to the foundations of the flow-fund theory.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Quentin Couix, 2020. "Georgescu-Roegen's Flow-Fund Theory of Production in Retrospect," Post-Print hal-03226587, HAL.
    • Handle: RePEc:hal:journl:hal-03226587
    DOI: 10.1016/j.ecolecon.2020.106749
    Note: View the original document on HAL open archive server: https://hal.science/hal-03226587v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-03226587v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.1016/j.ecolecon.2020.106749?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Montaño, Marta & Sanabria, Olga & Quilindo, Oswaldo & Urrego-Mesa, Alexander & Tello, Enric & Marull, Joan, 2025. "Community reconstruction of biocultural landscapes. Application in the Kokonuko Indigenous Territory," Ecological Economics, Elsevier, vol. 228(C).
    2. François Allisson & Antoine Missemer, 2020. "Some Historiographical Tools for the Study of Intellectual Legacies," Post-Print halshs-02931492, HAL.
    3. Pauline Marty & Sabrina Dermine-Brullot & Sophie Madelrieux & Julie Fleuet & Philippe Lescoat, 2021. "Transformation of socioeconomic metabolism due to development of the bioeconomy: the case of northern Aube (France)," Post-Print hal-03263050, HAL.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03226587. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.