
Paul Knowlton
11 October 2021
Partnership economics - shifting towards mutuality

Audio
Video
Paul Knowlton
Of Counsel, Stanton Law LLC
IP Attorney, Author
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Paul Knowlton is a lawyer based in Atlanta, Georgia. He is Of Counsel with a firm called Stanton Law LLC and is a specialist in IP law.
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We discuss the book that he has recently co-authored, titled Better Capitalism: Jesus, Adam Smith, Ayn Rand, and MLK Jr. on Moving from Plantation to Partnership Economics
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Bio:
Paul Knowlton is a lawyer based in Atlanta, Georgia. He is Of Counsel with a firm called Stanton Law LLC and is a specialist in IP law.
Before entering the law, Paul worked in the corporate world in construction and engineering.
He’s also a patent attorney, who has previously co-founded and managed an IP firm, became the director of another, and later served as the CEO of a large human services agency.
He is co-author of the book Better Capitalism: Jesus, Adam Smith, Ayn Rand, and MLK Jr. on Moving from Plantation to Partnership Economics.
Paul also completed seminary at Mercer University, where he developed a holistic approach to his practice.
Paul holds many other roles, including with the State Bar of Georgia in its wellness and lawyer assistance programs.
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Show notes:
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[2:19] Paul explains his family background including his mother's Cuban immigrant roots and why he is not anti-capitalist.
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[5:20] The purpose of Better Capitalism is to get upstream and influence the theology and philosophies of business leaders.
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[8:35] Paul details some of the book's practical solutions for businesses to move towards a mutuality mindset.
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[13:01] The same narrow thinking of maximising profits play out in law firms too.
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[15:23] Paul explains tells the story of where the expression 'plantation economics' comes from, as used in the book.
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[19:31] Viewing lawyers as 'fungible billing units' undermines the nobility and service element of the profession.
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[22:59] Paul discusses how the billable hour model came to be and some practical alternatives.
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[30:00] Paul's view is that government must contribute to the solution and be measured by the happiness of the people .
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[35:41] Better Capitalism aims to step upstream and find solutions at the root of the problems, which means changing mindsets.
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[40:51] The work of changing mindsets has a spiritual and theological element to it.
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Links:
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Paul's Bio at Stanton Law PLLC:
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Better Capitalism: Jesus, Adam Smith, Ayn Rand, and MLK Jr. on Moving from Plantation to Partnership Economics by Paul Knowlton and Aaron Hedges, at Amazon.
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The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public by Lynn Stout, at Amazon
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