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Economic Growth and Quality of Society

In: Growth, Employment, Inequality, and the Environment

Author

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  • Adolfo Figueroa

Abstract

The unified theory of capitalism has so far shown that output per capita over time is not the only outcome of the economic growth process. The other endogenous variables include output distribution among social groups in society and the degree of degradation of the biophysical environment. Hence, in the economic growth process, the same exogenous variables of the theory determine the values of these three endogenous variables.

Suggested Citation

  • Adolfo Figueroa, 2015. "Economic Growth and Quality of Society," Palgrave Macmillan Books, in: Growth, Employment, Inequality, and the Environment, chapter 0, pages 153-173, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-50697-9_9
    DOI: 10.1057/9781137506979_9
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