The Unicist Theory Applied to Economic Growth

Abstract

Economic growth is based on an action principle which is defined by the technological driver and an energy conservation principle based on the avoidance of scarcity.If we describe the concept of economic growth, its ontology or fundamentals, we can say that economic growth is based on technology, monetary circulation, competitiveness and scarcity. Considering the active principle, that sustains the maximal strategy, technology is the purpose that must be achieved in order to make an economy grow. This purpose is put into action by a consumer’s monetary circulation and sustained by value competitiveness. The active principle of economic growth requires:Technology: technology implies an improvement of the generation of added value with less energy consumption and less energy losses. Thus the economy grows in terms of increasing the available added value that can be traded in the community.Consumer’s monetary circulation: is the necessary credit available to access goods for the mass population.Value competitiveness: is the capacity to compete providing superior value and not based on cost advantages. The energy conservation principle requires the integration of a need to avoid scarcity, productive monetary circulation to finance the production of goods and services and price competitiveness in order to win markets based on price advantages.