Video: Description is: “Bernard Lietaer – Outspoken comments on capitalism. See Lietaer‘s interview ”What about Money?” at https://www.youtube.com/watch?v=33eG7… . The book he mentions: http://www.amazon.com/The-Entropy-Law… by
Nicolas Georgescu-Roegen. (Mathematician, Statistician and Economist)
“Every few generations a great seminal book comes along that challenges economic analysis and through its findings alters men’s thinking and the course of societal change.
This is such a book, yet it is more.
It is a “poetic” philosophy, mathematics, and science of economics.
It is the quintessence of the thought that has been focused on the economic reality.
Henceforce all economists must take these conclusions into account lest their analyses and scholarship be found wanting.
“The entropy of the physical universe increases constantly because there is a continuous and irrevocable qualitative degradation of order into chaos.
The entropic nature of the economic process, which degrades natural resources and pollutes the environment, constitutes the present danger. The earth is entropically winding down naturally, and economic advance is accelerating the process. Man must learn to ration the meager resources he has so profligately squandered if he is to survive in the long run when the entropic degradation of the sun will be the crucial factor, “for suprising as it may seem, the entire stock of natural resources is not worth more than a few days of sunlight!” Georgescu-Rogen has written our generation’s classic in the field of economics.”Library Journal
–This text refers to the Paperback edition.

http://0-www.worldcat.org.novacat.nova.edu/identities/lccn-n50016290/
Nicholas Georgescu-Roegen, born Nicolae Georgescu (4 February 1906 – 30 October 1994) was a Romanian Americanmathematician, statistician and economist. He is best known today for his path-breaking 1971 magnum opusThe Entropy Law and the Economic Process, where he argued that all natural resources are irreversibly degraded when put to use in economic activity. A progenitor and a paradigm founder in economics, Georgescu-Roegen’s work was seminal in establishing ecological economics as an independent academic subdiscipline in economics.
What is Entropy? Same as Diffusion? Seems similar.

“All activities in nature will drive things towards entropy = disorder, so things naturally get disordered.”
“The only way to prevent things from getting disordered – is to apply some energy to them – your body for instance is very ordered and the only way it stays ordered is that you spend a ton of energy holding it together in an ordered fashion – the day that you die – you no longer are expending any energy that hols your body together and your body will fall apart.”
Krasser SCheiß.
source: https://www.youtube.com/watch?v=nIr5BdotYls
Abstract: If there is any takeaway from 1971’s The Entropy Law and the Economic Process, it’s this: beneath every intersection of the s
upply and demand curve, there’s a slow, but steady, process of environmental degradation. Try as you will to recycle waste materials,
the book argues—this process cannot be reversed. A formulation of economics backed with this insight was the life vision of
Nicholas Georgescu-Roegen, whose work on environmental economics has recently received a new round of academic scrutiny. But
See BIS.org’s History where it acts as a central bank for central banks: https://www.bis.org/about/history.htm…”

History – overview
The Bank for International Settlements (BIS) was established in 1930 in Basel, Switzerland.
It is an international organisation, created pursuant to an international treaty (The Hague Agreements of 1930). Its shareholding members are central banks and monetary authorities.
The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
The following pages will tell you more about the history of the BIS:
The following provide more detail about the BIS’s role and evolution:
- Toniolo, G with the assistance of P Clement (2005): Central bank cooperation at the Bank for International Settlements, 1930-1973, Cambridge-New York: Cambridge University Press.
- Borio, C, G Toniolo and P Clement (eds) (2008): Past and future of central bank cooperation, Cambridge-New York: Cambridge University Press.
- Lefort, D (ed) (2009): “Bank for International Settlements (BIS), Basel, Switzerland”, in International Encyclopaedia of Laws, Alphen aan den Rijn: Kluwer Law International.
- James, H (2012): Making the European Monetary Union: the role of the Committee of Central Bank Governors and the origins of the European Central Bank, Cambridge-London: The Belknap Press of Harvard University Press.
See also this is the biz, the booklet produced for the BIS’s 75th anniversary exhibition.
Ecological Economics Editorial Board
Editor-in-Chief
R.B. Howarth
Dartmouth College, Hanover, New Hampshire, USA
Book Review Editor
B. Davidsdottir
University of Iceland, Reykjavik, Iceland
Editors
University of Freiburg, Freiburg, Germany
K.-H. Erb
Universität Klagenfurt, Vienna, Austria
J.I Hukkinen
University of Helsinki, Helsinki, Finland
R.P. Muradian
Universidade Federal Fluminense (UFF), Rio de Janeiro, Brazil
L.J. Pearson
University of Canberra, Bruce, Australian Capital Territory, Australia
P.E Perkins
York University, Toronto, Canada
I. Ring
Helmholtz Centre for Environmental Research – UFZ, Leipzig, Germany
D. Rothman
University of Denver, Denver, Colorado, USA
Managing Editor
A.C. Aitken
Boston, Massachusetts, USA
Associate Editors
P. Antunes
Universidade Nova de Lisboa (Lisbon), Lisbon, Portugal
S. Lele
Ashoka Trust for Research in Ecology and the Environment (ATREE), Bangalore, India
D. Stern
Australian National University, Canberra, Australian Capital Territory, Australia
Founding Editor
R. Costanza
Australian National University, Canberra, Australian Capital Territory, Australia
Editorial Board
R. Ayres
Fontainebleau, France
D.W. Bromley
Madison, Wisconsin, USA
R.M. Cowling
Port Elizabeth, South Africa
Z. Dajian
Shanghai, China
V.H. Dale
Oakridge, Tennessee, USA
C. Folke
Stockholm, Sweden
J.M. Gowdy
Troy, New York, USA
T..E. Graedel
New Haven, Connecticut, USA
H. Haberl
Vienna, Austria
B. Haddad
Santa Cruz, California, USA
R.M. Hassan
Pretoria, South Africa
N. Khanna
Binghampton, New York, USA
J. Martinez-Alier
Bellaterra Barcelona, Spain
M. Max-Neef
Santiago, Chile
P.H. May
Rio de Janeiro, Brazil
K. Mayumi
Tokushima City, Japan
R.P. Muradian
Rio de Janeiro, Brazil
P. Nijkamp
Amsterdam, Netherlands
R.B. Norgaard
Berkeley, California, USA
B.G. Norton
Atlanta, Georgia, USA
J. Paavola
Leeds, England, UK
S. Polasky
St. Paul, Minnesota, USA
W. Proctor
Canberra, Australia
W.E. Rees
Vancouver, British Columbia, Canada
F. Schläpfer
Zurich, Switzerland
C.A. Tisdell
Brisbane, Queensland, Australia
R.K. Turner
Norwich, England, UK
J.C.J.M. van den Bergh
Cerdanyola des Valles (Barcelona), Spain
P. Victor
North York, Ontario, Canada