ABSTRACT

William Petty in the seventeenth century, German Bernacer, John Maynard Keynes, Joseph Schumpeter, Francois Perroux and Maurice Allais have offered constructive theories, which are likely to support our concept of socially responsible capitalism (SRC). On the other hand, Karl Marx advocated the class struggle as a solution to social and economic issues. In socioeconomic management (SEAM), the arithmetic approach as well as empirical approaches that accumulate only raw data is rejected: both have to be integrated in a single instrument of analysis. Bernacer was a visionary supported by a rigorous scientific method, which he had inherited from his training as a physicist. Bernacer announced the Keynesian theory beginning in 1916, it remains important to understand that in 1922 he overtook it to lead to a real general theory we choose to call a General Theory of Employment, Unearned Income and Hoarding. Bernacer's methodological options are in essence innovative.