> His main idea, exposed in The Entropy Law and the Economic Process (1971), was that economic organisation is a continuation of biological organisation. Why? B

> His main idea, exposed in The Entropy Law and the Economic Process (1971), was that economic organisation is a continuation of biological organisation. Why? Because all machines are necessarily made of materials and use energy, and because all labour involves our biological bodies, which are also made of materials and use energy. The economy is – unavoidably – a bioeconomy, which means it is a subsystem of the larger finite and nongrowing ecosystem that is the Earth. The problem with Georgescu-Roegen's bioeconomy framework is that biological systems are highly constrained in the degrees of freedom they can change in the short run versus the long run. Whereas the global economy as conventionally understood can change much faster after a relatively brief period of time. It's the type of metaphor that obscures more than it reveals I think.