
Stewardship-based Economics.
Title:
Stewardship-based Economics.
Author:
Kao, Raymond W Y.
ISBN:
9789812770479
Personal Author:
Physical Description:
1 online resource (233 pages)
Contents:
Contents -- Foreword -- Chapter 1 / Introduction -- 1.1 Life and Living -- 1.2 Bubble Economy and Job Loss -- 1.3 The Aging Population -- 1.4 Petroleum Sales Tax -- 1.5 Black Gold and War -- 1.6 The Trinity of Economic Power -- 1.7 Stewardship-Based Economics is About the Purpose of Life and Living -- 1.7.1 The purpose of life and living -- Chapter 2 / People -- 2.1 Malthus' Population Study -- 2.2 People, Land and Home -- 2.2.1 A short visit in history -- 2.2.2 Struggle for ownership -- 2.2.3 Hurricane Katrina's victims -- 2.3 Overpopulation and Global Poverty are Not About Numbers -- 2.4 Fact and Wisdom - Some Lessons from Experience -- 2.4.1 Facts -- 2.4.2 Wisdom -- 2.4.3 Wisdom derived from fact -- 2.5 People: The Most Valuable Capital -- Chapter 3 / Resources -- 3.1 Introduction -- 3.2 Resources: Our Life Support System -- 3.2.1 Air and water -- 3.2.2 "I am responsible, but not guilty" -- 3.2.3 The rivers are black, and Chinese die of cancer15 -- 3.3 Renewable Resources -- 3.3.1 Grain production -- 3.3.2 Fish -- 3.3.3 Rainforest: valuable source of food and medicine -- 3.4 Non-renewable Resources -- 3.4.1 Petroleum - the black gold -- 3.5 When Demand Exceeds Supply -- 3.6 Revisiting the Relationship Between People and Resources -- 3.7 The Market Economy - A System Governed by the Invisible Hand -- Chapter 4 / Fear, Ownership and Stewardship Responsibility -- 4.1 Fear is a Great Motivator -- 4.2 Fear of the Unknown -- 4.3 The Rich Have More Fears -- 4.4 The Good and the Evil -- 4.5 Ownership -- 4.6 The Odd Couple: MBA and ROI -- 4.6.1 "MBA - the devil's degree" -- 4.7 The Unfortunate Reality -- 4.7.1 Ownership - a legalized system of distribution to separate the haves and the have-nots -- 4.7.2 Responsibility and accountability -- 4.8 Definition of Stewardship -- 4.9 Stewardship Responsibility is Not the Same as Social Responsibility.
Chapter 5 / Production -- 5.1 Entrepreneurship -- 5.2 Survival -- 5.3 Ownership and the Accumulation of Wealth -- 5.4 Employment of Resources -- 5.5 Cost and Costing -- 5.6 Issues of Concern -- 5.6.1 Contributions from silent partners -- 5.6.2 Labor cost - fruit of labor versus wages paid for work done -- 5.7 Capital -- 5.7.1 Capital - a permanent source of service -- 5.7.2 Legalized pilfering -- 5.8 Discount Theory and the Future -- 5.8.1 Economic growth built on borrowing from the future -- 5.9 Capitalism - Can We Make It Work? -- Chapter 6 / From Slave Trade to Globalization -- 6.1 Trade, War and Peace -- 6.2 From Slave Trade to Colonization and Globalization -- 6.2.1 Slave trade -- 6.2.2 Colonization -- 6.3 Globalization -- 6.3.1 Globalization - the family tree -- 6.3.2 Greed- and profit-driven economic expansion -- 6.3.3 Globalization and global poverty -- 6.4 Governance of the Market Economy -- 6.4.1 Government intervention for the rich or the poor? -- 6.5 The Multi-functioning Market System -- Chapter 7 / Distribution and Sharing -- 7.1 Introduction -- 7.1.1 From poor to the rich -- 7.1.2 Do we really know the cause of poverty? -- 7.2 Lakeshore, Oceanfront and Rainforest -- 7.3 Differences Between Distribution and Sharing -- 7.4 Distribution - Its Right and Entitlement in Practice -- 7.5 A Summary of Net Income or Profit Distribution -- 7.6 Conclusions -- Chapter 8 / Capital, Capital Accumulation and Diseconomy -- 8.1 Introduction -- 8.2 The Sacrifice: The Unaccounted Cost of Capital -- 8.2.1 Cost of natural capital -- 8.2.2 Cost of capital as economists see it -- 8.3 The Accumulation of Money Capital -- 8.3.1 Real capital and "money" capital -- 8.3.2 Business expansion and real capital accumulation -- 8.3.3 Interest as a source of capital accumulation -- 8.4 Capital Market -- 8.4.1 Stock exchange -- 8.4.2 Bond market -- 8.4.3 Banks.
8.4.4 Venture Fora -- 8.4.5 Venture capitalists -- 8.5 Diseconomy -- Chapter 9 / Two Plus One -- 9.1 Introduction -- 9.2 The Government -- 9.2.1 Price of democracy -- 9.2.2 Democracy may not be for everyone -- 9.2.3 Environment and natural resources -- 9.2.4 Power of the SEC and the accounting profession -- 9.2.5 Key words are "interest rate" -- 9.2.6 Are we at the mercy of the central bank? -- 9.3 Privatization -- 9.4 Philanthropists -- 9.4.1 Business giving -- 9.4.2 Charitable organizations -- 9.4.3 Stewardship's responsibility and accountability -- 9.4.4 Where do we go from here? -- 9.5 Social Entity Inc. -- 9.5.1 Proposed model for Social Entity Inc. -- 9.5.2 Flexibility of the residual allocation system -- 9.6 Conclusion -- Chapter 10 / The Candle of Hope -- 10.1 The Emergence of Private Property Ownership and Social Justice -- 10.2 The Hope -- 10.3 Stewardship-Based Education -- 10.3.1 Stewardship-focused education system -- 10.3.2 Entrepreneurial education - a need for changes -- 10.4 Wrapping Up the Beginning -- Index.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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