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In memoriam – Nicholas Georgescu- Roegen. A New Paradigm

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  • Ion Pohoata

    (Universitatea „Al. I. Cuza” Iasi)

Abstract

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 / Editura Economica, 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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