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The Quality of Society, Volume II - Essays on the Unified Theory of Capitalism (Hardcover, 1st ed. 2021)
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The Quality of Society, Volume II - Essays on the Unified Theory of Capitalism (Hardcover, 1st ed. 2021)
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This book articulates a unified theory of capitalism as an attempt
to provide a comprehensive scientific theory of this social system.
A unified theory of capitalism is not the combination of the
predominant economic theories-neoclassical, classical, and
Keynesian-so as to make them compatible. It is not a composite
economic theory. It is a new economic theory. Predictions of the
theory's models were consistent with eight basic empirical
regularities of capitalism dealing with economic growth, income
inequality, employment level, and environment degradation.
Therefore, the unified theory can be accepted as a good
approximation of the real capitalist world. But the models were
constructed at a high level of abstraction. Also problematic was
the need to work out more fully the public policy implications of
the theory. It is, therefore, no wonder that essays on the unified
theory to answer these questions are a natural outcome of a new
scientific endeavor attempting to reach a unity of knowledge in
economics.
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