Word: adler
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...CAPITALIST MANIFESTO (265 pp.) -Louis O. Kelso and Mortimer J. Adler -Random House...
Significantly, the book is not the work of a professional economist, but springs from the collaboration of a lawyer and a philosopher. Four years ago Philosopher Mortimer (The Syntopicon) Adler decided that the 400 Great Books were about to have company. That was when a 600-page manuscript on the theory of capitalism thudded onto his desk at his Institute for Philosophical Research in San Francisco. The author: a hornrimmed, bow-tied corporation lawyer named Louis O. Kelso. Except for Kelso's wife, Adler was the first person to see the book; U.S. readers will see it shortly under...
...styles are scarcely comparable. Marx-Engels wrote in fire; Kelso-Adler seem to be writing under water. Yet the book achieves a triumph of grey matter over grey manner. Four points stand...
...could never reform, and remanded it to the custody of the state. Result: tyranny. Marx's error, say K. & A., was his failure to see that the culprit was not the institution of private property itself, but undue concentration of capital in a few hands. The Kelso-Adler answer: decentralize capital, make everybody a "citizen-capitalist...
...this is apt to sound like pie-machine-in-the-sky, Kelso-Adler back up their ideas with concrete-and controversial -proposals. Among their suggestions: equity-sharing plans, distribution to stockholders of all corporate profits in the case of "mature" corporations, abolition of corporate income taxes and revision of personal income taxes, abolition of inheritance taxes. (At times, the program has the ring of "Capitalists of the world, unite. You have nothing to lose but your tax forms.") All capitalists-meaning, eventually, all citizens-would get a just return for their investments, limited only by another requirement of justice: that...