The Quality of Society, Volume II

1. Front Matter

   Pages i-xix

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2. Introduction to Unified Theory of Capitalism

   • Adolfo Figueroa

   Pages 1-9

3. Scientific Economic Laws of Capitalism

   • Adolfo Figueroa

   Pages 11-36

4. European Colonialism and Capitalist Development

   • Adolfo Figueroa

   Pages 37-54

5. Hobsbawm’s Question on Peasantry

   • Adolfo Figueroa

   Pages 55-87

6. On Economic Behavior of Workers

   • Adolfo Figueroa

   Pages 89-110

7. Market Prices in the Anthropocene Age

   • Adolfo Figueroa

   Pages 111-139

8. Inequality, Power Relations, and Democracy

   • Adolfo Figueroa

   Pages 141-178

9. Toughest Challenge of Economics: Human Society Isn’t Immortal

   • Adolfo Figueroa

   Pages 179-211

10. Back Matter

    Pages 213-230

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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.

• Capitalist development
• Peasantry
• Economic behavior of workers
• Market prices and scarcity
• Inequality
• Power relations
• Democracy
• Unified theory of capitalism
• Anthropocene age
• Colonialism
• First World
• Third World

• Departamento de Economía, Pontificia Universidad Católica del Perú, Lima, Peru

  Adolfo Figueroa

 Adolfo Figueroa holds a Ph.D. degree in economics from Vanderbilt University, USA. He is a Professor Emeritus of Economics at the Catholic University of Peru. He has published several books with Palgrave: The Quality of Society, Economics of the Anthropocene Age, Rules for Scientific Research in Economics, and Growth, Employment, Inequality, and the Environment. During his distinguished academic career, Figueroa served as a visiting professor at American, European, and Latin American universities. And he participated in several international collaborative research projects (at the University of Oxford, University of Wisconsin-Madison, and other institutions). As a professional economist, he worked as consultant to several international organizations (including the World Bank, ILO, UNDP, FAO, and IFAD), doing fieldwork in Africa, Asia, and Latin America.

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