Growth, Employment, Inequality, and the Environment : Unity of Knowledge in Economics: Volume II

Growth, Employment, Inequality, and the Environment deals with the fundamental economic problems of our time: employment, inequality, the environment, and quality of life. These exciting new volumes are the first of their kind in which these problems are analyzed using a unified theory framework. The second volume of Growth, Employment, Inequality, and the Environment continues dealing with the fundamental economic problems of our time: employment, inequality, the environment, and quality of life. This volume takes on the long-term effects of growth and analyzes the policy aspect of these effects. Figueroa achieves his goal by addressing two significant problems. First, to solve the epistemological challenges of building unity of knowledge, he presents a unified theory of capitalism. Second, he considers the epistemological problem of the role of theory in scientific knowledge. This book therefore deals with a consistent theoretical system. That having been said, these theories-which contain logically correct propositions-may turn out to be empirically false. In order to avoid this error, some rules of scientific knowledge are needed. Growth, Employment, Inequality, and the Environment presents a method that contains such rules. The method is derived from the Popperian epistemology, making it operational in economics. The proposed unified theory is therefore empirically valid; it is a good approximation of the real world. Theoretical economics is thus treated under explicit epistemological rules: theory is the servant, not the master Front Matter....Pages i-x Front Matter....Pages 1-1 Toward a Unified Theory of Capitalism....Pages 3-10 Education and Human Capital Formation....Pages 11-27 The Epsilon Society: A Dynamic Model....Pages 29-42 The Omega Society: A Dynamic Model....Pages 43-55 The Sigma Society: A Dynamic Model....Pages 57-68 Unified Theory of Capitalism: A Growth and Distribution Model....Pages 69-93 Front Matter....Pages 95-95 Economic Growth under Environmental Stress....Pages 97-131 Land Resources and Food Supply....Pages 133-151 Economic Growth and Quality of Society....Pages 153-173 Front Matter....Pages 175-175 Science-Based Public Policies....Pages 177-201 Back Matter....Pages 203-219 The first volume deals with the fundamental economic problems of our time: employment, inequality, the environment, and quality of life. Figueroa presents a unique approach to analyzing these effects by using a unified theory framework. The second volume takes on the long-term effects of growth and analyzes the policy aspect of these effects. Figueroa achieves his goal by addressing two significant problems. First, to solve the epistemological challenges of building unity of knowledge by presenting a unified theory of Capitalism. Second, he considers the epistemological problem of the role theory in scientific knowledge