Today we present a very brief overview of the career of Louis Orth Kelso, the lawyer-economist and corporate attorney who developed the theory of binary economics. This podcast, “The Revolutionary Ideas of Louis O. Kelso: ESOPs, CSOPs, and Binary Economics” dives into Kelso’s groundbreaking work which transformed economic theory with his invention of the Employee Stock Ownership Plan (ESOP) and Consumer Stock Ownership Plan (CSOP).
Discover Kelso’s collaboration with Patricia Hetter Kelso and Mortimer J. Adler, and explore his seminal works, including The Capitalist Manifesto (1958), The New Capitalists (1961) and Two-Factor Theory (1967). Learn about Kelso’s belief in democratizing capital ownership, the impact of technological change on economic distribution, and his innovative financing tools designed to balance the dynamics of production and consumption in a free market economy.
00:00 Introduction to Louis O. Kelso and ESOP
01:35 Kelso's Early Innovations and Successes
02:51 Kelso's Background and Education
03:29 Kelso's Military Service and Post-War Insights
04:14 Kelso's Economic Theories and Discoveries
06:22 Addressing Economic Imbalances
06:38 Kelso's Legacy and Terminology
The audio-visual presentation was created in “Descript”, using an AI-generated voice for narration. Visit CESJ.org for more information.
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And if you want the playlists for previous videos:
Economic Personalism (The Book)
Economic Personalism v. The Great Reset
Socialism, Modernism and the New Age
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