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The Progressive Utilization Theory, known by its acronym Prout, is an alternative economic and social model that aims to correct the defects of both capitalism and communism. This booklet is a short introduction to the basic features of this economic model, showing how its emphasis on cooperatives and economic democracy can cure the problems of today. The principles upon which Prout is based are explained as is its vision for an improved system of political democracy and eventually an effective world government.