chapter  4
65 Pages

BEYOND ENTROPY AND THE ECONOMIC PROCESS: BROADENING ECONOMIC ANALYSIS FROM A SYSTEMS THEORETICAL APPROACH

The totalizing effects of the price-making market, together with the growing complexity of technified society, contravene the norms of the Biosphere and represent an inversion of finalities that normally attaches to open living systems. This necessitates a mode of analysis of wholes rather than isolated parts. And, in this connection, the formal categories of systems theory and cybernetics are of particular value.