Stewardship-based Economics
| By: | Kao Raymond W Y |
| Publisher: | World Scientific Publishing |
| Print ISBN: | 9789812704795 |
| eText ISBN: | 9789812770479 |
| Edition: | 0 |
| Format: | Page Fidelity |
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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.