October 14, 2008
By Norman Kurland
Many other writers on "worker ownership," "broad-based capital ownership," and "participatory economics" have trivialized and marginalized Louis Kelso as merely "the inventor of the ESOP" and as just another advocate of "the ownership solution" to the flaws of global capitalism. A more careful examination, however, reveals an elegant system of interconnected principles that bridges classical, Keynesian and other schools of economics...
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