Figueroa Adolfo. A Unified Theory of Capitalist Development: Growth, Inequality and Environment

In english (in English). — Buenos Aires: Cengage Learning, August 2012. — 305 p.
Centrum Business School, Catholic University of Peru.Two centuries of economic growth have shown that the capitalist system is technologically very progressive; socially, however, it is not so. Inequality is one of the persistent features of world capitalism. Why does the capitalist system operate in this way?
The current paradigm in economics has made significant progress in explaining capitalism; however, there are some facts that the paradigm cannot explain, as it will be shown in this book. The current paradigm can be defined as the principles that are contained in the university textbooks that are used in economics courses around the world; consequently, its influence on public policies is enormous. Those principles are based on neoclassical and Keynesian economic theories, one for the long run and the other for the short run analysis of capitalism. Both theories will be called standard economics in this book.
This book presents a new economic theory of the capitalist system. This new theory will be able to explain the facts that standard economic can also explain; but it will also explain those facts that standard economics cannot.
In order to introduce the reader to this new view gradually, the foundations of the new theory will be presented step by step in this introduction. This introduction may then be seen as the synopsis of a play about the nature of social relations in a capitalist society, which will then be developed fully in the book.