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Full Description
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 aunity of knowledge in economics.
Contents
Preface.- Acknowledgements.- Contents.- Chapter 1_Introduction To Unified Theory Of Capitalism.- Chapter 2_Scientific Economic Laws Of Capitalism.- Chapter 3_European Colonialism And Capitalist Development.- Chapter 4_Hobsbawm's Question On Peasantry.- Chapter 5_On Economic Behavior of Workers.- Chapter 6_Market Prices In The Anthropocene Age.- Chapter 7_Inequality, Power Relations, And Democracy.- Chapter 8_Toughest Challenge Of Economics: Human Society Isn't Immortal.- Conclusions.- References.- Author Index_Countries Index_Subject Index.
