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Stewardship base Economics 1st Edition by Raymond WY Kao ISBN 9812704795 9789812704795

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Author(s): Raymond W. Y. Kao
ISBN(s): 9789812704795, 9812704795
Edition: 1
File Details: PDF, 1.67 MB
Year: 2007
Language: english
SKU: EB-2137862 Category: Tag:

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ISBN 10: 9812704795
ISBN 13: 9789812704795
Author: Raymond WY Kao

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.

Stewardship base Economics 1st Table of contents:

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

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Tags: Raymond WY Kao, Stewardship, Economics