Purpose – This paper aims to tackle in turn the merits and limits of Nicholas Georgescu-Roegen's entropic model, as well as its implications for the methodological discourse in economics. This appraisal of the Georgescu-Roegen's work emphasizes the emergence of the entropic nature of the...

Purpose – This paper aims to advance the argument that the process of wealth creation predominantly originates from the economic system of democracy. It seeks to put forth the concept of economic democracy and understand as the process enabling the opportunities for welfare gains to multiply...

Purpose – This paper aims to advance the argument that the process of wealth creation predominantly originates from the economic system of democracy. It seeks to put forth the concept of economic democracy and understand as the process enabling the opportunities for welfare gains to multiply...

Purpose – This paper aims to tackle in turn the merits and limits of Nicholas Georgescu‐Roegen's entropic model, as well as its implications for the methodological discourse in economics. This appraisal of the Georgescu‐Roegen's work emphasizes the emergence of the entropic nature of the...

Purpose Criticism directed at neoclassical economics has failed to replace it with a similar grand theory. The authors argue that one possible explanation may lie in the failure of economists to formulate an opinion as to the philosophical foundations of the author’s object of study. The paper...