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.

Contents:

• People
• Resources
• Fear, Ownership and Stewardship Responsibility
• Production
• From Slave Trade to Globalization
• Distribution and Sharing
• Capital, Capital Accumulation and Diseconomy
• Two Plus One
• The Candle of Hope

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Readership: Academics, accounting professionals, economists, government decision-makers, and environmental activists.

"This is a brilliant book that really makes its readers think about the structure of human societies. It describes the new economic order that must emerge if the human species is to survive, and is destined to become a landmark publication in its field."

Louis Jacques Filion Rogers-J-A-Bombardier Professor of Entrepreneurship École des Hautes Études Commerciales de Montr�al The Montreal Business School, Canada

"Like the academic entrepreneur that Raymond Kao is, this book is bold and innovative. In it Kao challenges the traditional tenets of economic thinking. It is grand stuff and certainly not a 'me-too' text that trots out the accepted body of wisdom. Rather it challenges accepted paradigms, provokes thought and stimulates the reader to think creatively about how we can deal with the economic challenges of the 21st century."

David A Kirby Professor of Entrepreneurship School of Management University of Surrey

"This book offers a much needed fresh approach regarding the relationship between natural resources limits, the economy and social well-being. It reminds us that decisions should be primarily based on the common good and care for the community of life, rather than on greediness and self-interest alone. The author helps us see the need for a profound change of values and attitude towards our use of resources. It is a must read for anyone concerned with the current status of our world and for those who dare to believe that a new economic system is possible."