Entropy Economics

“Old theories die hard, especially in economics. Galbraith and Chen offer an elevated understanding of value and production for a world that is anything but steady. Entropy Economics is an essential, critical work for twenty-first-century economics.” -- Clara E. Mattei | author of "The Capital Order"
“Neoclassical economics has failed, and the call for a paradigm shift seems to pop up everywhere. But to truly move to a new approach to economics, an alternative theoretical foundation needs to be built from the bottom up in full knowledge of what came before. Few are willing, let alone equipped, to take on this task. Galbraith and Chen have done a masterful job by laying out an economics without equilibrium that starts from life processes and physical laws.” -- Isabella M. Weber | author of "How China Escaped Shock Therapy"
“Entropy Economics is an eloquent call for the abandonment of the equilibrium fetish that characterizes mainstream economics and an exposition of a nonequilibrium economics, grounded in the laws of thermodynamics, with an objective measure of value based on entropy and scarcity. Galbraith and Chen will be part of the foundation for the new economics that we desperately need.” -- Steve Keen | author of "The New Economics: A Manifesto"