Natural resources in the theory of production: the Georgescu-Roegen/Daly versus Solow/Stiglitz controversy
Autor: | Quentin Couix |
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Přispěvatelé: | Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Université Paris 1 Panthéon-Sorbonne (UP1), Université Paris 1 Panthéon-Sorbonne - UFR d'Économie (UP1 UFR02) |
Jazyk: | angličtina |
Rok vydání: | 2019 |
Předmět: |
Joseph Stiglitz
Ecological economics Production theory 060106 history of social sciences General Arts and Humanities Economics Econometrics and Finance (miscellaneous) 06 humanities and the arts Neoclassical economics [SHS.ECO]Humanities and Social Sciences/Economics and Finance Natural resource JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q57 - Ecological Economics: Ecosystem Services • Biodiversity Conservation • Bioeconomics • Industrial Ecology [SDE.ES]Environmental Sciences/Environmental and Society JEL: B - History of Economic Thought Methodology and Heterodox Approaches/B.B2 - History of Economic Thought since 1925/B.B2.B22 - Macroeconomics Nicholas Georgescu-Roegen [SHS.HISPHILSO]Humanities and Social Sciences/History Philosophy and Sociology of Sciences History and Philosophy of Science [SHS.ENVIR]Humanities and Social Sciences/Environmental studies Economics 0601 history and archaeology Robert Solow theory of production natural resources JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q3 - Nonrenewable Resources and Conservation/Q.Q3.Q32 - Exhaustible Resources and Economic Development |
Zdroj: | European Journal of the History of Economic Thought European Journal of the History of Economic Thought, Taylor & Francis (Routledge), 2019, 26 (6), pp.1341-1378. ⟨10.1080/09672567.2019.1679210⟩ |
ISSN: | 0967-2567 1469-5936 |
DOI: | 10.1080/09672567.2019.1679210⟩ |
Popis: | International audience; This paper provides a theoretical and methodological account of an important controversy between neoclassical resource economics and ecological economics from the early 1970s to the end of the 1990s. It shows that the assumption of unbounded resource productivity in the work of Solow and Stiglitz–and the related concepts of substitution and technical progress–rest on a model-based methodology. On the other hand, Georgescu-Roegen’s assumption of thermodynamic limits to production, later revived by Daly, comes from a methodology of interdisciplinary consistency. I conclude that neither side provided a definitive proof of its own claim because both face important conceptual issues. |
Databáze: | OpenAIRE |
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