The Quality of Society, Volume II : Essays on the Unified Theory of Capitalism
2021 ed.
Book Details
Format
Paperback / Softback
ISBN-10
3030795675
ISBN-13
9783030795672
Edition
2021 ed.
Publisher
Springer Nature Switzerland AG
Imprint
Springer Nature Switzerland AG
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 17th, 2022
Print length
230 Pages
Product Classification:
Public administrationEconomic theory & philosophyEconomic history
Ksh 18,000.00
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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.
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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