Book Chapter – Completing the Cycle

22 03 2021

A new co-authored book chapter – with Prof. Shyam Ranganathan – entitled “Completing the Cycle: An Inclusive Capitalism Approach Linking Sustainable Consumption and Production,” has just been published in Sustainable Consumption and Production, Volume I: Challenges and Development.

Abstract

In this chapter, we present an inclusive capitalism approach, which completes the environmental-production-income and distribution-consumption cycle by treating sustainable consumption and production as two sides of the same coin. There are two divides that our approach to inclusive capitalism bridges—one between income earned from capital ownership and from wages, and the other between the human production of goods and services and the impact these activities have on the environment. We analyse different mechanisms to bridge these divides and show that our proposal—broadening the distribution of capital ownership using future earnings of capital and directing this income towards sustainable production and consumption—presents a holistic solution to growing environmental problems and income inequality. In addition, we also achieve the politically desirable goal of participatory economic life through this mechanism.





2020 Beyster Symposium

18 06 2020

On Tuesday, June 23, from 9:00 to 10:30am (EDT), I will be participating in the online (and open access) 2020 Beyster Symposium. The purpose of the symposium is to study broad-based forms of capital ownership and capital income such as employee stock ownership, equity compensation, profit sharing, gain sharing, and worker cooperatives in the corporation.

During my session at the symposium – which focuses on “UBI, Taxation, and the Environment,” a recording of my presentation will be released and the panelists in the session will be available in the chat feature of the conference platform to answer any questions you might have on our presentations or papers.

To join my session, go to https://beystersymposium.org/ and select Room 2 at 9:00am on June 23.

All of the material prepared for the symposium can be accessed via this dropbox site.

I will be presenting a co-authored paper entailed “Universal Basic Income and Inclusive Capitalism: Consequences for Sustainability.” My Prezi presentation can be accessed via this link.