Adolfo Figueroa
The Quality of Society, Volume II: Essays on the Unified Theory of Capitalism
The Quality of Society, Volume II: Essays on the Unified Theory of Capitalism
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This book presents a novel economic theory that explains the workings of capitalism by combining neoclassical, classical, and Keynesian economic theories. The theory's predictions align with eight empirical regularities of capitalism, making it a valuable approximation of the real capitalist world. However, further exploration of the public policy implications is needed.
Format: Paperback / softback
Length: 230 pages
Publication date: 17 September 2022
Publisher: Springer Nature Switzerland AG
This book presents a comprehensive and scientific framework for understanding capitalism as a complex social system. It does not simply amalgamate the prevailing economic theories, such as neoclassical, classical, and Keynesian, to make them compatible. Instead, it offers a fresh and innovative economic theory. The predictions made by the theory's models align with eight fundamental empirical regularities observed in the capitalist world, encompassing areas such as economic growth, income inequality, employment levels, and environmental degradation. Consequently, the unified theory can be regarded as a valuable approximation of the actual functioning of the capitalist economy. However, it is important to note that the models employed in this theory are relatively abstract and require further elaboration to fully comprehend their public policy implications. As a result, the writing of essays on the unified theory is a natural progression in a new scientific endeavor aimed at achieving a unified understanding of economics.
Weight: 336g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030795672
Edition number: 1st ed. 2021
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