Author : Raymond W. Y. Kao
Publisher : World Scientific
ISBN 13 : 9812704795
Total Pages : 233 pages
Book Rating : 4.8/5 (127 download)
Book Synopsis Stewardship-based Economics by : Raymond W. Y. Kao
Download or read book Stewardship-based Economics written by Raymond W. Y. Kao and published by World Scientific. This book was released on 2007 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ownership-based economics has led to the rapid development and apparent universal success of the market economy. It is a system built on the deception of resource availability, ill-defined profit, and misled by the idea that an invisible hand can be an equitable system of distribution. It has resulted in a high living standard for a few select individuals, but at the expense of mankind and nature, ultimately culminating in the development of human conflict. This is a book with a blueprint for the twenty-first century, proposing a two-fold approach to easing the pressure on both the human race and the world we live in. It calls for a change of mindset from ownership to stewardship and a shift of responsibility to the corporate entities as a sub-system of the market economy.