The Quality of Society, Volume II

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The book presents a novel economic theory of capitalism, distinct from existing frameworks like neoclassical, classical, and Keynesian theories. It aims to offer a comprehensive understanding of capitalism, supported by models that align with key empirical observations regarding economic growth, income inequality, employment levels, and environmental degradation. While the theory shows promise as a representation of capitalist dynamics, it also highlights the need for further exploration of its public policy implications and acknowledges its high level of abstraction.