The economics faculty at School of Liberal Studies, AUD invites you to a webinar by Prof. Ramprasad Sengupta, Emeritus Professor of Economics, CESP, JNU. The details and zoom link are given below:
Topic: Entropy Law, Economic Processes and the Current Existential Crisis: A New Approach to Economic and Environmental Rights
Time: Jan 5, 2022 03:00 PM India
Join Zoom Meeting
Meeting ID: 892 3203 7861
Economic and Environmental human rights have come sharply into focus in the 21st century, as inequity and ecological degradation continue to surge in liberal democracies committed to political freedoms, including freedom of expression and assembly. The twin problems of Covid-19 pandemic and climate change have seriously threatened the life, livelihood and sustainability of the human development process all over the world in recent times. Application of the lens of entropy helps us to address the challenges — and explore the remedies — to abetting the progress of economic and environmental human rights.
These problems when situated in the entropy perspective of economic processes point to the ecological links of these phenomena and to the critical issues of challenge posed by biodiversity loss and heating of the earth causing extreme health related or related climate related events. This talk gives an overview of these interrelated interdisciplinary issues concerning such events and shows how the rise of entropy as induced by the processes of economic growth lead to scarcities of resources and income which threaten to raise in turn the social disorder or social entropy as well. The policy issues that emerge from such analyses are required to address economic, social and environmental aspects of sustainability of development from such a holistic scientific perspective. The paper concludes by pointing out how the short and long run policy issues would warrant revisiting some of the human rights issues in the background of such an entropy perspective.