Advertisement

Unified Theory of Capitalism and Bio-Economics

  • Adolfo FigueroaEmail author
Chapter

Abstract

The aim of this essay is to propose—or to make it explicit—the foundations of bio-economics. To give bio-economics an epistemological justification. Science is epistemology. The alpha–beta method will be applied to undertake this task. The primary assumptions (alpha propositions) of the bio-economic theory is thus formulated. Then, the empirically falsifiable predictions of the theory through an oversimplified model (beta propositions) are derived, which are confronted against basic facts. The essay ends with some reflections about the place of bio-economics in the evolution of the science of economics and about its relation with the unified theory of capitalism.

References

  1. Bonaiuti, M. (Ed.). (2011). From bio-economics to degrowth: Georgescu-Roegen new economics in eight essays. London: Routledge.Google Scholar
  2. Chivian, E., & Bernstein, A. (Eds.). (2008). Sustaining life: How human health depends on biodiversity. New York, NY: Oxford University Press.Google Scholar
  3. Figueroa, A. (2015). Growth, employment, inequality, and the environment: Unity of knowledge in economics. New York, NY: Palgrave Macmillan.CrossRefGoogle Scholar
  4. Georgescu-Roegen, N. (1975). Energy and economic myths. Southern Economic Journal, XLI, 347–381.CrossRefGoogle Scholar
  5. McMullen, C. P. (Ed.). (2009). Climate change science compendium 2009. New York: UNEP.Google Scholar
  6. Sweezy, P. (2017). A letter to Nicholas Georgescu-Roegen, July 31, 1974. Monthly Review, 68(9), 56–57.CrossRefGoogle Scholar
  7. Wilson, E. (1998). Consilience: The unity of knowledge. New York, NY: Alfred Knopf.Google Scholar
  8. World Bank & IHME. (2016). The cost of air pollution: Strengthening the economic case for action. Washington, DC: The World Bank.Google Scholar

Data Sources

  1. Global Footprint Network. (2017). www.footprintnetwork.org.
  2. Institute for Health Metrics and Evaluation (IHME). (2016). Global burden of disease. http://www.healthdata.org/gbd.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Economics DepartmentPontifical Catholic University of PeruLima, LimaPeru

Personalised recommendations