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Science-Based Public Policies

  • Adolfo FigueroaEmail author
Chapter

Abstract

Unified theory of capitalism is a scientific economic theory. From this, therefore, science-based public policies can logically be derived. However, public policies cannot directly follow from a scientific theory. Normative theories are needed to give policy choices an ethical justification. This essay seeks to establish the logical relations between positive and normative economics, and then discusses further these relations in the light of the unified theory.

References

  1. Alvaredo, F., et al. (2017, May). Global inequality dynamics: New findings from WID.world. American Economic Review, 107(5), 404–409.CrossRefGoogle Scholar
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  4. Milanovic, B. (2016). Global inequality: A new approach for the age of globalization. Cambridge, MA: Harvard University Press.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

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

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