ABSTRACT
Newtonian time is symmetrical : the arrow of time can point either way; there is no distinction between "time forwards" and ' ' time backwards. ' ' Darwinian theory of evolution involved a distinct progression or ' ' arrow of time. ' ' However, Nicholas Georgescu-Roegen observes:
The purpose of this chapter is to consider the impact of the entropy law on the Newtonian mechanical world view and on orthodox economics modeled after Newtonian physics .
