See, Zerp,
It is Maxwell that is responsible for both.
It is the same law. But, the results are different, if you see.

Absolutely. How? When a generator rotates, there is an Eddy current loss. And also, note that, as the thing is rotating against the Magnetic field, the whole system tries to be stable. What that means? The generator is creating EMF, so that it can stop rotating! And exatly that is why we need external force to make it rotate. One of the reasons of \"breaking\" is Eddy one. :(
So there are always 2 reasons.
If we use the 1, to stop motor, we call it lossy because, it is not good use of power, [Eddy is lossy...] But if we use the generator mode, so that [Basically that\'s what u r saying...that is nothing but a different Load...] we can give back something to the power source...
So from a pure theorytical point of view, u r correct. But from a technical point of view : they are different.
:D
So, as physics oriented people we can see the seamless unified law, but from an engineering perspective there are plenty of things to be done!
:)