Economics, Entropy and the Environment

T. Randolph Beard, Associate Professor of Economics, Auburn University, US and Gabriel A. Lozada, Associate Professor of Economics, The University of Utah, US

• Contents: Foreword by Herman E. Daly 1. Introduction 2. Nicholas Georgesçu-Roegen: A Scholarly Refugee 3. Georgesçu-Roegen’s Epistemology and Economic Methodology 4. Georgesçu-Roegen and “Normal Science” 5. An Economist’s Primer on Thermodynamics 6. Thermodynamics and Georgesçu-Roegen’s Economics 7. Bioeconomics 8. Conclusion Bibliography References Index

'Georgescu-Roegen was a truly great economist . . . This welcome exposition of his major ideas by Beard and Lozada should help economists understand Georgescu, both the revolutionary boldness and originality of many of his ideas and the careful logic with which he developed them. I believe Beard and Lozada have done an excellent job, both of selection and of exposition . . . My hope is that this book will do for Georgescu's ideas what Alvin Hansen did for the ideas of John Maynard Keynes with his A Guide to Keynes published back in 1953. In my view Georgescu's intellectual contribution will be even greater than that of Keynes.'