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Path Dependence and the Economic Process

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The Quality of Society

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Abstract

Unified theory of capitalism assumes that the legacy of the European colonial system is an essential element for understanding the economic process in today’s capitalist system. In particular, the unified theory assumes that social heterogeneity under capitalism comes from the legacy of the European colonial system. This essay seeks to elaborate further on this assumption and on its implications.

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Authors and Affiliations

  1. Economics Department, Pontifical Catholic University of Peru, Lima, Lima, Peru

    Adolfo Figueroa

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  1. Adolfo Figueroa
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Correspondence to Adolfo Figueroa .

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Figueroa, A. (2019). Path Dependence and the Economic Process. In: The Quality of Society. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-11656-9_4

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  • DOI: https://doi.org/10.1007/978-3-030-11656-9_4

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-11655-2

  • Online ISBN: 978-3-030-11656-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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