The Entropy Law and the Economic Process

Nicholas Georgescu-Roegen was a Romanian-born economist who pioneered the introduction of the laws of thermodynamics, and particularly entropy, into the field of economics. As a foundational figure of bioeconomics, his contribution to the analysis and relevance of natural limits to economic growth has been essential for the development of ecological economics. We invite here to read his most outstanding work, The Entropy Law and the Economic Process.