CHAPTER FOURTEEN
A New Definition of Wealth
FIT ORDER
IT WAS 1948, and Nicholas Georgescu-Roegen and his wife were terrified. They had managed to smuggle themselves, hidden in barrels, aboard a freighter bound from their native Romania to Istanbul.1 They knew that if they were caught, they would be killed.
Georgescu-Roegen was an economist and had been working for the postwar Romanian government. He had been trained at the Sorbonne in Paris and studied under Joseph Schumpeter at Harvard before returning to Romania in the 1930s. The years after the war had been chaotic and fraught with power struggles over Romania’s future. But in the peace agreement ...
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