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Better Capitalism: Jesus, Adam Smith, Ayn Rand, and MLK Jr. on Moving from Plantation to Partnership Economics
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About Better Capitalism: Jesus, Adam Smith, Ayn Rand, And
Product Description Sometime in your experience of money & capitalism you've thought to yourself, "There's got to be a better way!" Here it is. The 1st step is admitting we have a problem. But merely recognizing problems isn't enough -- we offer constructive solutions. What's in it for you: * a 4-part Ethic for Capitalism that spans theology to profit to corporate governance * the 5 Relentless Rules of Economics (Rule #1: all exchanges involve frictional costs) * specific practices for positive change in businesses, government, professions, and culture Want to move from exploitation to mutual benefit? Read this to unleash a more profitable and ethical capitalism. This book gives you the more beneficial ideas and applications of capitalism based on Partnership Economics. From the foreword by Rev. Dr. David Gushee, Past President of American Academy of Religion, Past President of Society of Christian Ethics: Better Capitalism is an extraordinary creative achievement, without parallel in the literature of economic and business ethics, Christian or otherwise. Paul Knowlton, JD, MDiv, and Aaron Hedges, MBA, MDiv, here engage pretty much the entire landscape of modern economic life with a realistic but values-rich challenge to move beyond what they call plantation economics and instead move to what they call Partnership Economics. One of the things I like most about Better Capitalism is the way it shoots the gap between our current cultural extremes: it is by no means a defense of laissez-faire capitalism but neither is it a socialist manifesto. The book is chock full of fresh and deep research, and this data then informs the book's realistic, concrete reform proposals that corporate executives, government officials, and everyday people can implement. Review "This is an eloquent and articulate reminder of the importance of understanding economics in the context of our communities, country, and roles as business leaders. In explaining the profound connection between economics and theology, the authors have provided a strong case for the critical need for partnership between business leaders and communities to create a stronger and more robust economy that provides benefit to all." --Tony Reid, Senior Vice President (retired), Marriott International "This book plunges the reader right into the interface of theology (faith) and economics, exactly where thoughtful, responsible adults need to be situated in our crisis-marked world. Knowlton and Hedges pursue a simple paradigm of 'plantation vs. partnership.' 'Plantation' in their usage refers to a winner-take-all economics that exploits others for self-advantage. 'Partnership' concerns an economic practice of mutuality that contributes to the common good while attending to one's own interest. This simple either/or is explored in rich directions including finance, corporations, government, and culture. Along the way we get a healthy rereading of Adam Smith and Ayn Rand, away from a privatistic distortion. This book merits close, sustained attention as a compelling move beyond both careless thinking and easy ideology." --Walter Brueggemann, Columbia Theological Seminary "American capitalism. We are all part of it; we all know there has to be a better way. Knowlton and Hedges reject complacency by confronting the problems with insight. They propose better ways ('Partnership Economics') with data, experience, and moral conviction; and they invite readers to tap the resources of imagination, dialogue, and courage. You may not agree with all their solutions, but this book will change how you think about your commitments and financial decisions -- corporate, professional, and personal." --R. Alan Culpepper, Dean and Professor Emeritus, McAfee School of Theology, Mercer University "I believe our country and world would be a better place if the principles of Partnership Economics were widely adopted. I will use this book
