Economist, born in Constanza, Romania. After earning a mathematics degree from the University of Bucharest and a doctorate in statistics from the University of Paris, he emigrated to the USA in 1947. He spent two years teaching at Harvard before accepting a professorship at Vanderbilt University, where he remained until his retirement in 1976. His early achievements were based on highly technical mathematical economics, largely in utility theory and input-output analysis. He wrote on a number of other subjects including production theory, the nature of expectations, agrarian economies, and the Marxist prediction of capitalist breakdown. He later explored the area of growth modelling and attempted to formulate the principles of bioeconomics, a new style of dialectical economic thinking to replace the mechanical mode. The ideas behind bioeconomics are best explored in his article, Energy Analysis and Economic Evaluation (Southern Economic Journal, Apr 1979).
Nicholas Georgescu-Roegen, born Nicolae Georgescu (Constanţa, Romania, 4 February 1906 - Nashville, Tennessee, 30 October 1994) was a Romanian mathematician, statistician and economist.
Georgescu-Roegen introduced into economics, inter alia, the concept of entropy from thermodynamics (as distinguished from the mechanistic foundation of neoclassical economics drawn from Newtonian physics) and did foundational work which later developed into evolutionary economics. His work contributed significantly to bioeconomics and to ecological economics
He was a protégé of the renowned economist Joseph Schumpeter.
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