Louis O. Kelso

Louis O. Kelso was an American economist and lawyer who pioneered the idea of "employee ownership" and "binary economics." He believed that everyone should have a stake in the economy by owning productive assets, like businesses or investments, which could generate income. Kelso argued this approach could reduce income inequality, promote broad economic prosperity, and expand opportunities for individuals to share in wealth creation. His ideas influenced discussions on economic justice, corporate structure, and the potential for individuals to improve their financial well-being through ownership rather than just wages or government aid.