Gowdy, John M.; Polimeni, Raluca Iorgulescu - In: International Journal of Social Economics 32 (2005) November, pp. 924-938
Purpose – This paper draws upon the work of Georgescu-Roegen to outline some theoretical alternatives to standard welfare theory, and to examine the policy implications of discarding the Walrasian core of neoclassical economics. Design/methodology/approach – Current work in behavioral...