Binary economics (aka Two-factor Economics) is a theory of economics that endorses both private property and a free market but proposes significant reforms to the banking system. The theory behind Binary Economics was proposed by American lawyer Louis Kelso in The Capitalist Manifesto (1958) which he co-authored with Mortimer Adler. The book's title is an expression of its background in Cold War polemics in opposition to The Communist Manifesto.
The term "binary" derived from its heterodox treatment of labor and capital (but not in the sense of binary opposition).
Read more about Binary Economics: Overview, Background, Aims and Programme, Productiveness Vs. Productivity, Employee Share Ownership Plans (ESOPs) and Other Plans, Uses of Central Bank-issued Interest-free Loans
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“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)