Louis Kelso

= promoter of a Post-Scarcity Economy

Bio

From the Wikipedia: [1]

"Louis O. Kelso (1913-1991) was a lawyer, investor and economic thinker who sought to find a way to preserve capitalism from the competition of communism as an alternative within the context of the early Cold War and is credited with the creation of the first Employee Stock Ownership Plan (ESOP). His non-conformist "capitalism" might be compared to the peoples' capitalism ideas of G. K. Chesterton in which ownership is distributed to as many people as possible within the economy. Kelso developed the idea of Binary Economics to explain the need for expanded capital ownership in light of industrial production and the dominance of capital instead of labor. In 1956 Louis Kelso invented the Employee Stock Ownership Plan (ESOP) to put his ideas into practice. The first ESOP which was used by the employees of Peninsula Newspapers Inc., based in Palo Alto, California, to acquire the newspaper chain. Since that time, ESOPs have been used by hundreds of companies, including Avis, Exxon Mobil, Standard Oil of California and Atlantic Richfield. In 1958, Kelso collaborated with the philosopher Mortimer Adler to write The Capitalist Manifesto that is considered the primary source of his economic theories. Kelso and Adler followed this book with The New Capitalists (Random House, New York: 1961). Both books are readable online from the Kelso Institute. Louis O. Kelso had significant discussions concerning a Basic Income Guarantee with Russell B. Long and Daniel Patrick Moynihan. Kelso has inspired many economic thinkers including James S. Albus, Robert Ashford and Norman Kurland." (http://en.wikipedia.org/wiki/Louis_Kelso)