science

The Capitalist Manifesto (Kelso and Adler book)

The Capitalist Manifesto (Kelso and Adler book) is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand The Capitalist Manifesto (Kelso and Adler book) rather than just read about it. In short: The Capitalist Manifesto is a 1958 book by Louis O. Kelso, a lawyer-economist and Employee Stock Ownership Plan (ESOP) inventor, and Mortimer J.

Key takeaways

The Capitalist Manifesto (Kelso and Adler book) belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect The Capitalist Manifesto (Kelso and Adler book) to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of The Capitalist Manifesto (Kelso and Adler book) from memory before moving on to harder problems.

Reference excerpt

The Capitalist Manifesto is a 1958 book by Louis O. Kelso, a lawyer-economist and Employee Stock Ownership Plan (ESOP) inventor, and Mortimer J. Adler, a neo-Thomist philosopher. Kelso and Adler detail the three principles of economic justice, Participation, Distribution, and Limitation. These principles laid the foundation of what eventually came to be called binary economics. The term "binary" comes from attributing all production (participation) and just distribution of income to two factors, the human, classified as labor, and the non-human, classified as capital. In the Preface, Adler acknowledged Kelso as the originator of the theory.

Publication history New York: Random House, 1958. Westport, Connecticut: Greenwood Press, 1975. Whitefish, Montana: Literary Licensing, LLC, 2011.

Reception The Capitalist Manifesto was on The New York Times Non-Fiction Best Seller List in February and March 1958, ranking 15th and 13th, respectively, and was reviewed in a number of major publications, including Time, which stated that the book presents its analysis as "a revolutionary force in human affairs offering still unplumbed promise for the future," and that it "refutes the charge that capitalist thought has lost the imaginative flexibility to cope with the challenges of the age."

Notes

External links A version in .pdf is available free from the website of the Kelso Institute.

Worked examples

Example 1 — a first encounter with The Capitalist Manifesto (Kelso and Adler book)

Start with the simplest possible case. Write down what The Capitalist Manifesto (Kelso and Adler book) claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to The Capitalist Manifesto (Kelso and Adler book) before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about The Capitalist Manifesto (Kelso and Adler book) ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of The Capitalist Manifesto (Kelso and Adler book)

In research: The Capitalist Manifesto (Kelso and Adler book) appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses The Capitalist Manifesto (Kelso and Adler book) in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: The Capitalist Manifesto (Kelso and Adler book) is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1958 English-language non-fiction books, 1958 non-fiction books, American non-fiction books, so understanding it makes those chapters shorter.
In everyday life: Look for The Capitalist Manifesto (Kelso and Adler book) outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

Ask Teacher Smith questions about this articleOpens your AI tutor with a question about “The Capitalist Manifesto (Kelso and Adler book)” →

Affiliate

Preply — study more efficiently by working with a personal tutor. 50% off.

How to study The Capitalist Manifesto (Kelso and Adler book) in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what The Capitalist Manifesto (Kelso and Adler book) means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain The Capitalist Manifesto (Kelso and Adler book) out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is The Capitalist Manifesto (Kelso and Adler book) in simple terms?

The Capitalist Manifesto is a 1958 book by Louis O. Kelso, a lawyer-economist and Employee Stock Ownership Plan (ESOP) inventor, and Mortimer J.

Why does The Capitalist Manifesto (Kelso and Adler book) matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study The Capitalist Manifesto (Kelso and Adler book)?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on The Capitalist Manifesto (Kelso and Adler book).