Stewardship-based Economics
- ISBN-10
- 9812704795
- ISBN-13
- 9789812704795
- Category
- Science
- Pages
- 233
- Language
- English
- Published
- 2007
- Publisher
- World Scientific
- Author
- Raymond W. Y. Kao
Description
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.
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