PHYSICAL ECONOMY: BASIS, HISTORY, APPLICATION

LaRouche Lyndon, outstanding American economist and public activist, author of the concept of physical economy, leader of LaRouche movement, director and editor of the news service Executive Intelligence Review

Abstract

The article reveals the philosophical and scientific foundations of physical economy in detail, provides information about its forerunners and a sketch of its historical development. In addition, it contains examples of the use of “physical and economic” approach to the socio-economic systems of different scales. Translated from English by: V.A. Voznitsa, R. Douglas, P.T. Muranivskaya, N.E. Teploukhova.

KEYWORDS: physical economy, history of physical economy, Physiocrats, non-entropic processes in the economy, growth policy.

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