Georgescu-Roegen versus Solow/Stiglitz

Probability and Uncertainty: the legacy of Georgescu-Roegen

In this paper we consider Georgescu-Roegen’s approach to uncertainty, showing that his characterization of expectations cannot be reduced to any probabilistic decision making model. Drawing upon Georgescu-Roegen lesson a lexicographical utility function is proposed and analyzed in the mark of his own peculiar scientific methodology. It is demonstrated that such a formulation can be useful in so...

The Banachiewicz Identity and Inverse Positive Matrices ∗

It is shown that the Banachiewicz identity concerning the inverse of a partitioned matrix is useful in discussing some characterizations of inverse-positive matrices. The Hawkins-Simon condition as well as the Georgescu-Roegen condition come out in a natural way.

The Influence of Thermodynamic Ideas on Ecological Economics: An Interdisciplinary Critique

The influence of thermodynamics on the emerging transdisciplinary field of ̳ecological economics‘ is critically reviewed from an interdisciplinary perspective. It is viewed through the lens provided by the ̳bioeconomist‘ Nicholas Georgescu-Roegen (1906–1994) and his advocacy of ̳the Entropy Law‘ as a determinant of economic scarcity. It is argued that exergy is a more easily understood thermodyn...

GEORGESCU, Migdonia, MUNTEANU, Ligia, ON THE DYNAMICS OF TIMBER STRUCTURES SUBJECTED TO WIND ACTIONS

The paper analyses the wind-induced responses of multi-storey timber buildings. These structures are characterized by light weight and high flexibility in comparison with traditional materials. Therefore, the analysis of the wind induced vibrations are very important for their designing.

The evolutionary approach to entropy: Reconciling Georgescu-Roegen's natural philosophy with the maximum entropy framework