Colleagues at Adam Mickiewicz University Translate Robert Ashford Article on Binary Economics

Posted on Monday 2/12/2018
Ruch Prawniczy, Ekonomiczny i Socjologiczny

In a further collaboration between the College of Law and Adam Mickiewicz University Faculty of Law in Poznan, Poland Professors Robert Ashford and Maciej Dybowski have arranged for the Polish translation of "Broadening Capital Acquisition with the Earnings of Capital as a Means of Sustainable Growth and Environmental Sustainability," an article co-authored by Ashford. The article, translated by Krzysztofa Nędzyński and Iwona Grenda, has been published in Ruch Prawniczy, Ekonomiczny i Socjologiczny (the Journal of Law, Economics, and Sociology), and can be read at this link.

"The published translation of this article is evidence of both the international importance of a more inclusive approach to capitalism based on binary economics and also of the constructive collaboration that can result from the academic cooperation between our College and the Adam Mickiewicz Faculty of Law," says Ashford. 

The original article—by Robert Ashford, Ralph P. Hall, and Nicholas A. Ashford, —appeared in European Financial Review 70 (Oct/Nov 2012). A binary economics primer, "Broadening Capital Acquisition" explains how environmentally sustainable economic growth can be achieved through “an ownership-broadening system of corporate finance," that extends market opportunities to poor and middle-class people that enable them to "acquire capital with the earnings of capital" and thereby increase their earning capacity.

Nędzyński—the principal translator of "Koncepcja binary approach jako instrument kształtowania zrównoważonego wzrostu"—calls the article "a succinct introduction to binary economics." He continues, "Several years ago a friend sent me an article on binary economics. It was extremely intriguing but also dense. Then I read Binary Economics: The New Paradigm by Robert Ashford and Rodney Shakespeare. This was my 'eureka!' moment." Nędzyński says that moment launched his work to popularize binary economics in Poland. "It is one of the most important ideas my country needs to release its enormous human potential," he says. "I hope Professor Ashford's article is translated into many languages and widely read throughout the world."

Dybowski explains, "When Professor Tomasz Nieborak and I first visited Syracuse University in November 2016 to inaugurate the academic cooperation between the College of Law and the Adam Mickiewicz Faculty of Law, Professor Ashford introduced us to his conception of inclusive capitalism based on binary economics. We became excited about the theory, and immediately grasping its importance, we decided to do our best to introduce the Polish academic readers to Ashford’s ideas." To this end, Dybowski says the translation has been published in one of the oldest and most respected Polish academic journals. "It will definitely be important to academic, professional, and student readers in Poland," Dybowski says.