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Official Master > Master projects

Marc López Forn
Nicholas Georgescu-Roegen i la polèmica amb Solow/Stiglitz
Supervisor/s: Jordi Roca Jusmet
Date of defense: 09-09-2015

Nicholas Georgescu-Roegen (1906 - 1994) is a relevant figure in the history of economic thought, especially for his revolutionary contributions. The Entropy Law and the Economic Process (1971) became a seminal work for the new school of economic thought: Ecological Economics. At the same time it represented a deep critique of the epistemology of neoclassical economics, which has the hegemonic narrative of the economy. In this sense, Ecological Economics is applying for the throne of academic hierarchy and the exactitude of the scientific method. With the paradigmatic example of Georgescu-Roegen vs Solow/Stiglitz, some theoretical and analytical disagreements are shown. If this revolutionary science becomes normal science, the paradigm shift would be deep and long ranging. It is important to recover the personality and insights of Nicholas Georgescu-Roegen, because his influence remains of minority interest. If this doesn’t happen, it would be unforgivable given the systematic crisis that we are going through.