Keywords
capital acquisition
capital
sustainable growth
How to Cite
Number of views: 344
Number of downloads: 289
Abstract
This article focuses on the binary economic approach and explains how this approach can enhance not only their capital earning capacity but also their demand for employment and the prospect for achieving environmental sustainability. The binary economic approach envisions an implementation of an ownership-broadening system of corporate finance that world require no taxes, redistribution, or government command. Corporations would be free to continue to meet their capital requirements as before, but they would have an additional, potentially more profitable, market means to do so.References
Ashford, N.A., Hall, R.P. (2011), Technology, Globalization and Sustainable Development Transforming the Industrial State, Yale University Press, New Haven.
Ashford, N.A., Hall, R.P., Ashford, R. (2012), Addressing the crisis in employment and consumer demand: reconciliation with financial and environmental sustainability, The European Financial Review October-November: 63-68.
Ashford, R. (2010), Broadening the right to acquire capital with the earnings of capital: the missing link to sustainable economic recovery and growth, Forum for Social Economics 39: 89-100.
Ashford, R., Shakespeare, R. (1999), Binary Economics: The New Paradigm, University Press of America, Lanham.
Brealey, R.A., Myers, S.C., Allen, F. (2004), Principles of Corporate Finance, 3rd edn., McGraw-Hill, New York.
Kelly, M. (2012), Owning Our Future: The Emerging Ownership Revolution, Barrett-Koehler, San Francisco.
Rosen, C. (1983), Employee stock ownership plans: a new way to work, Business Horizons September-October: 4-54.
Rosen, C., Case, J., Staubus, M. (2005), Equity: Why Employee Ownership Is Good for America, Harvard Business Review Press, Cambridge.
Rosen, C., Rodrick, S. (2008), Understanding ESOPs, The National Center for Employee Ownership, Oakland.
Stout, L.A. (1988), The unimportance of being efficient: an economic analysis of stock market pricing and securities regulation, Michigan Law Review 87: 613-648.
Wolff, E.N. (1995), How the pie is sliced: America’s growing concentration of wealth, The American Prospect 22 (Summer): 58-64.
Wolff, E.N. (1995), Top Heavy: A Study of the Increasing Inequality of Wealth in America, Twentieth Century Fund, New York.
Wolff, E.N. (2011), Recent trends in household wealth in the U.S.: rising debt and the middle class squeeze, [w:] J.M. Gonzales (ed.), Economics of Wealth in the 21st Century, Nova Science Publishers, Inc. New York 2011: 1-41.
Russell Investment, US Indexes, http://www.russell.com/Indexes/data/US_ Equity/Russell_US_equity_indexes.asp.
www.kelsointitute.org
License
Copyright (c) 2017 WPiA UAM
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.