Binary Economics: The New Paradigm

by Robert Ashford, Rodney Shakespeare

Overview

Binary Economics presents a new paradigm which founds a practical new economics and a unifying new politics that enable people to understand and realize their essential rights and responsibilities in a market economy. This paradigm recognizes that capital has a potent productive and distributive relationship to growth, and by democratically extending the efficient means to acquire capital to all people using the earnings of capital on market principles, binary economics offers many important benefits beyond those provided by conventional economics. The authors present this concept as new hope for solving seemingly intractable problems of economic efficiency, distribution, and justice not solved by conventional economic theories and practices, while enabling people to understand and realize their essential rights and responsibilities in a market economy. The binary paradigm allows cooperation with governments to make modest reforms to existing capital markets so that all people can acquire capital using the earnings of capital and offering the market foundation for many important benefits, including substantial, sustainable growth; more equal opportunity and social justice; increased earning power for the poor, working and middle class people; a greener environment; individual autonomy; strong families and communities; strengthened democracy; and voluntary control of population levels.

Product Details

ISBN-13:	9780761813217
Publisher:	University Press of America
Publication date:	02/24/1999
Edition description:	New Edition
Pages:	448
Product dimensions:	5.92(w) x 9.00(h) x 1.00(d)

About the Author

Robert Ashford is Professor of Law at Syracuse University. Rodney Shakespeare is a Barrister in London.

Table of Contents

chapter 1 Introduction: Overview of the New Binary Paradigm chapter 2 Overview of Binary Economics chapter 3 The New Binary Paradigm: The Great Growth in Productive Capacity and Total Economic Output chapter 4 Conventional Productivity chapter 5 Binary Productiveness chapter 6 Growth, Distribution and Finance chapter 7 The Strategy and Structure of the Binary Economy: The Binary Strategy chapter 8 The Structure of a Binary Economy chapter 9 Binary Growth—the Natural Consequences of a Democratic Private Property System chapter 10 Beyond the Linear Paradigm: Binary Economics is Outside the Linear Paradigm chapter 11 The Choice in Private Property Systems chapter 12 The Broad Beneficial Promise of Binary Economics chapter 13 The Binary Future chapter 14 Binary Bibliography chapter 15 Index chapter 16 Author Biographical Sketches

Editorial Reviews

Examines the great growth in productive capacity and total economic output in industrial economies over the past two hundred and fifty years.

Journal of Economic Literature

.. . binary economics is intriguing.. .

Business Ethics Magazine

. . . binary economics is intriguing. . .--Business Ethics Magazine

Examines the great growth in productive capacity and total economic output in industrial economies over the past two hundred and fifty years.--Journal of Economic Literature

From the Publisher

Examines the great growth in productive capacity and total economic output in industrial economies over the past two hundred and fifty years.

Journal Of Economic Literature

Introduces a new way of thinking about economics that according to Ashford (law, Syracuse U.) and Shakespeare, a British teacher and writer with a background in history, education, and business, offers enhanced growth and distributive justice in good times and bad. It holds that universal, individual market participation in capital acquisition is essential to individual prosperity and sustainable growth for the economy as a whole. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews