Kelso - Binary Economics

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Louis O. Kelso - Binary Economics



Kelso began to think seriously about economics in 1931, the second year of the Great Depression. Although not yet 18, he was determined to launch his own investigation into the cause of a phenomenon no one was able to explain to his satisfaction.

Kelso prophesied here the crash of 1987 (October 19, 1987) and by extension today's "on steroids" situation.

[youtube:dzii6ihi]http://www.youtube.com/watch?v=lRPT3SFkndA[/youtube]dzii6ihi]


Wikipedia begins the article on Kelso misleading like this :

Louis O. Kelso (1913-1991) was a political economist in the classical tradition of Smith, Marx and Keynes.

Well, Kelso's economical model opposed 180¤ this  very same "Clasical tradition" and even this with style, dressing down this characters. Kelso's binary economic system combines the elegance of classical market theory with classical moral philosophy and the highest spiritual values. He points out precisely where Adam Smith, Karl Marx, and John Maynard Keynes fell short theoretically by not recognizing the increasing productiveness of capital as the main source of economic growth and the most logical source of widespread income distribution. This conceptual omission by Smith, Marx and Keynes is embedded in all conventional schools of economic thought, from left to right. Consequently, economic theorists have been led down the path where few of them can ever make accurate predictions about the future or offer sound, long-range solutions to meet the dangers of economic globalization.

The interest-free loans proposed by binary economics are compatible with the traditional opposition of the Abrahamic religions to usury.  :shock:

THE CAPITALIST MANIFESTO

http://www.kelsoinstitute.org/pdf/cm-entire.pdf



Read more about this here

http://theinfounderground.com/forum/viewtopic.php?f=33&t=9100


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Let's face it, Kelso Died very Rich and stil loved by all those workers beneficing from the Employee Stock Ownership Plan, Kelso's company still is one of the 50 largest private equity firms globally. Even in the current economic model that sounds like a "Winner" á la "American Dream", doesn't he ?


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