The forum shall serve as a platform to discuss relevant topics and aspects of economic sustainability. Thereby, complex theoretical as well as practical circumstances are to be debated and vital extensions and adjustments are considered. The discussion offers the opportunity to integrate approaches from a variety of disciplines (e.g. biology, sociology, economics) and to reflect them critically. Thematic basis of the sessions might be scientific articles as well as books or other scientific sources that are announced beforehand. In order to bring all participants on the same level, the chosen topic is explained by two members in the beginning, followed by an open discussion with all participants.
Interested participants are always cordially welcomed to the “ierp Round Table” session!
The first session takes place on 09.01.2019 at 18:15 in room 2330 in building WiWi2 (Max-von-Laue Str.1, 28359 Bremen).
Topic on January 09, 2019:The aggregate production function – Georgescu-Roegen’s criticism and possible alternatives
In this session we would like to discuss the criticism of the neoclassical aggregate production function employed in the work of, for example, Robert Solow and Joseph Stiglitz. The critique was originally developed by Nicholas Georgescu-Roegen and renewed by Herman Daly. In the form of an interesting confrontation via contributions in the journal Ecological Economics, Daly enfolds his criticism and both Solow and Stiglitz reply. We would like to discuss the arguments of this exchange and also the possible alternative that Georgescu-Roegen suggested.
Daly, H.E., 1997. Georgescu-Roegen versus Solow/Stiglitz. Ecol. Econ. 22 (3), 261–266.
Solow, R.M., 1997. Georgescu-Roegen versus Solow/Stiglitz. Ecol. Econ. 22 (3), 267–268.
Stiglitz, J.E., 1997. Georgescu-Roegen versus Solow/Stiglitz. Ecol. Econ. 22 (3), 269–270.
We would also like to thank Tobias Kronenberg for drawing our attention to this discussion in his article:
Kronenberg, T., 2010. Finding common ground between ecological economics and post-Keynesian economics. Ecol. Econ. 69 (7), 1488–1494.