This book develops a general economic theory that integrates various
economic theories and ideas and establishes important relationships
between economic variables that are not formally recognized in the
economic literature. The author demonstrates how the basic model is
integrated with neoclassical growth theory, Walrasian general
equilibrium theory, and Ricardian distribution theory, and how these
theories can be incorporated through a single set of equations with a
microeconomic basis.
The book offers new insights into income and wealth distribution between
heterogeneous households, racial and national differences in growth and
development, interdependence between different stock variables with
portfolio choices among different markets. It will appeal to scholars of
economists interested in an integrative theoretical approach to this
discipline.