Tag Archives: growth

From Growth to Décroissance: can the economy grow forever?

‘When it adopted the model of classical ­Newtonian mechanics, notes ­Georgescu-Roegen, economics forgot that time is irreversible. It therefore overlooked entropy, or in other words the non-reversibility of transformations of energy and matter.’ writes Serge Latouche in his book ‘Farewell to Growth’. The fact that time does not go back is obvious, yet economists tend
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