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February 1, 2008

Louis Kelso

Louis Kelso was a visionary in the field of economics.  He developed/pioneered the idea of Binary Economics as a new way of understanding capital and its role in industrial production and the production of wealth, and was the originator of Employee Stock Ownership Plans.  He subscribed to a ‘non-conformist’ form of capitalism that believed in a capitalist society where ownership was widely distributed throughout society, and co-authored The Capitalist Manifesto with philosopher Mortimer Adler, which highlights many of his main economic theories.1 

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