Ideas Rule

It is ideas that rule this world. According to me the mother of all ideas came from Charles Darwin towards the end of the 19th century.This Principle of Evolution has had a revolutionary impact on the thinking of the people for the last nearly one hundred years. This is so because evolution gave to the scientists and intellectuals of the world a connecting thread which brought together in one whole, immense diversities in the field of nature and man. This gave birth to the thought of unification. Naively speaking Issac Newton can be profoundly credited as being the father of unification. After many years Einstein towards the end of his journey stated to work on a grand theory of unification, one that can explain all. But he died and now scientists claims that its the String Theory the major revolution which holds the key. Yet, if we are to give in to the string theory then we are in for a shock. Its the theory which envisages the science meeting fiction. For now we are in a world where 11 dimensions exists and 11 parallel universes. Quite a theory.

Some Concepts

Negentropy

The concept of negentropy (intrinsic order) is essentially metaphysical, not rigorous. For example if one considers a stock of natural resource the highly quality(i.e. pure or nearly pure) natural resources constitute a kind of stock of negentropy. As the highest quality resource are used up in course of production the low quality resource surfaces, resulting in a decrease in negentropy.

This Page Will Contain

economics as every one knows does not have many paradigm, perhaps because there is no one single person unlike Marx was associated with Marxism existing . But in the late 1970's there was emergence answering Leontieff well posted question "How long will researchers working in the adjoining field .......abstain from expressing serious concern about the splendid isolation in which academics economic now find itself? (1982)". Though the answer came on the expected lines form physicists, but unfortunately they did not get adequate recognition. They were called "Extra Ordinary Economists". This page will involve about such economists and their works.

In their fascination text, " An Outline of the History of Economic Thought", Ernesto Screpanti and Stefano Zamagni concluded their narrative with a small section entitled "Four unconventional economists." They termed them so because the author could not find the right place in the panorama of the contemporary economic schools. These unconventional economists includes John K. Galbraith, A.O. Hirschman, Richard Goodwin and Nicholas Georgescu Roegen. Screpanti and Zamagni wrote:"We have put them together because we are convinced that their resistance to classification is a characteristics that unites and defines then more clearly than might first appear. And we have put them with heretics as we believe that among the qualities that unite them, the taste of heresy is not the least important."The focus will be on Nicholas Georgescu Roegen, though quite an outstanding economists but more because his ideas trying to link economics with physical laws are an important aspect while one goes for accounting of resources. A topic which in itself has created several debates and several rival symposiums countering views about future of the world.