The Capitalist Manifesto

By Louis O. Kelso, Mortimer J. Adler, mortimer j adler

Book Overview

In 1956, a U.S. lawyer-economist, Louis O. Kelso, created the employee stock ownership plan (ESOP) to enable the employees of a closely held newspaper chain to buy out its retiring owners. Two years later, Kelso and his co-author, the philosopher Mortimer J. Adler, explained the macro-economic theory on which the ESOP is based in this best-selling book, The Capitalist Manifesto.

"When you read this book, you must be prepared for a shock-particularly if you are among the millions of Americans who feel complacent about the material well-being that now prevails in this country. THE CAPITALIST MANIFESTO will compel you to examine, reconsider and question many dangerous economic factors and political tendencies you have accepted as inevitable-and will show you how you can do something about them.

"THE CAPITALIST MANIFESTO sets the alarm for all American citizens-not simply one group or class. It is for stockholders, workers, labor leaders, corporation executives, investment bankers, taxpayers, small businessmen and industrialists, statesmen, legislators, judges and educators. Its purpose is to arouse us to the real and present dangers we now face, from inflation and from the progressive socialization of our economy. What is the difference between a well-heeled existence in a welfare state and the good life in a free society? THE CAPITALIST MANIFESTO will tell you what that difference is, and why you must be a man of property in order to be a free man. It will explain the meaning of your ever-expanding opportunities for leisure. It will tell you that the goal of an industrial society should not be full employment in the production of wealth, but full enjoyment of the wealth produced. It will tell you how you, as an individual, can best use wealth to further the happiness and well-being of yourself and your fellow men."

"A revolutionary force in human affairs offering still unplumbed promise for the future...."-Time Magazine

• Format: Paperback
• Language: English
• ISBN: 1773239295
• ISBN13: 9781773239293
• Release Date: January 2023
• Publisher: Must Have Books
• Length: 286 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"

Customer Reviews

Capitalism that embraces democracy.

This is one of those books that needs to be read from front to back. No fair peeking to see “Who done it.” Louis O. Kelso carries you step by step through the pitfalls of political systems, including capitalism, to a more robust form of political freedom that can only be achieved with economic freedom. Who owns the Alaska pipeline? What is leisure, and how does it benefit humanity? We are moving out of a labor-based world and need to adjust our way of thinking. As with most economic heroes, this is a third alternative to what appear to be black-and-white problems. Usually, this only works on paper. But there are practical examples. This book is an eye-opener, and you will look at what you see on TV and read in a new way. Do not confuse this system with any previously read book. While reading this, you must keep in mind that it was written a while ago. Be sure to catch up with the changes and a newer understanding by reading “The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings.” “The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings” ISBN-13: 9780837182117