Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability
In a prior article in this edition – entitled Addressing the Crisis in Employment and Consumer Demand – it was argued that environmental sustainability with sustainable economic recovery requires sustainable earning capacity for poor and middle-class people. In general, earning capacity can be enhan...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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EBR Media
2014
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| Online Access: | http://hdl.handle.net/1721.1/85018 |
| _version_ | 1826205812837580800 |
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| author | Ashford, Nicholas A. Ashford, Robert Hall, Ralph P. |
| author2 | Massachusetts Institute of Technology. School of Engineering |
| author_facet | Massachusetts Institute of Technology. School of Engineering Ashford, Nicholas A. Ashford, Robert Hall, Ralph P. |
| author_sort | Ashford, Nicholas A. |
| collection | MIT |
| description | In a prior article in this edition – entitled Addressing the Crisis in Employment and Consumer Demand – it was argued that environmental sustainability with sustainable economic recovery requires sustainable earning capacity for poor and middle-class people. In general, earning capacity can be enhanced by some combination of two contributions; (1) wages earned through employment and (2) money earned through the ownership of productive capital. The latter includes ordinary investment from wage savings that people might make through the purchasing of stocks, bonds, and property; changing ownership structures of businesses (see Marjorie Kelly’s approach of generative ownership), employee stock ownership plans (ESOPs), and extending effective market opportunities to poor and middle-class people so that they can acquire capital with the earnings of capital based on principles of binary economics. This article focuses on the binary economic approach and explains how this approach can enhance not only their capital earning capacity but also the demand for employment and the prospects for achieving environmental sustainability. |
| first_indexed | 2024-09-23T13:19:49Z |
| format | Article |
| id | mit-1721.1/85018 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:19:49Z |
| publishDate | 2014 |
| publisher | EBR Media |
| record_format | dspace |
| spelling | mit-1721.1/850182022-10-01T14:31:27Z Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability Ashford, Nicholas A. Ashford, Robert Hall, Ralph P. Massachusetts Institute of Technology. School of Engineering Ashford, Nicholas A.. Ashford, Nicholas A. In a prior article in this edition – entitled Addressing the Crisis in Employment and Consumer Demand – it was argued that environmental sustainability with sustainable economic recovery requires sustainable earning capacity for poor and middle-class people. In general, earning capacity can be enhanced by some combination of two contributions; (1) wages earned through employment and (2) money earned through the ownership of productive capital. The latter includes ordinary investment from wage savings that people might make through the purchasing of stocks, bonds, and property; changing ownership structures of businesses (see Marjorie Kelly’s approach of generative ownership), employee stock ownership plans (ESOPs), and extending effective market opportunities to poor and middle-class people so that they can acquire capital with the earnings of capital based on principles of binary economics. This article focuses on the binary economic approach and explains how this approach can enhance not only their capital earning capacity but also the demand for employment and the prospects for achieving environmental sustainability. 2014-02-19T20:47:19Z 2014-02-19T20:47:19Z 2012-10 Article http://purl.org/eprint/type/JournalArticle 1757-5680 http://hdl.handle.net/1721.1/85018 Ashford, Robert, Ralph P. Hall, and Nicholas A. Ashford. "Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability." The European Financial Review (October-November 2012): 70-74. © 2012 The European Financial Review en_US http://www.europeanfinancialreview.com/?p=5984 The European Financial Review Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf EBR Media Nicholas Ashford |
| spellingShingle | Ashford, Nicholas A. Ashford, Robert Hall, Ralph P. Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability |
| title | Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability |
| title_full | Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability |
| title_fullStr | Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability |
| title_full_unstemmed | Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability |
| title_short | Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability |
| title_sort | broadening capital acquisition with the earnings of capital as a means of sustainable growth and environmental sustainability |
| url | http://hdl.handle.net/1721.1/85018 |
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