Law and the wealth of nations : finance, prosperity, and democracy / Tamara Lothian.

Format:

Book

Author/Creator:

Lothian, Tamara, 1958-2016, author.

Language:

English

Subjects (All):

Finance--United States.

Finance.

Democracy--Economic aspects.

United States.

Financial crises--United States.

Financial crises.

Financial institutions--Law and legislation--United States.

Financial institutions.

Financial institutions--Law and legislation.

Capital market--Law and legislation--United States.

Capital market.

Capital market--Law and legislation.

Monetary policy--United States.

Monetary policy.

Democracy--Economic aspects--United States.

Democracy.

Physical Description:

viii, 426 pages ; 24 cm

Place of Publication:

New York : Columbia University Press, [2017]

Summary:

Economic stagnation, financial crisis, and increasing inequality have provoked worldwide debate about the reshaping of the market economy. But few are willing to risk a reorientation of dominant ideas and a reform of entrenched structures. Right-wing populism has stepped into the void created by a failure to imagine structural alternatives. Tamara Lothian offers a deeper view showing the path to the reconstruction of the economy in the service of both growth and inclusion. She probes the institutional innovations that would reignite economic growth by democratizing the market. Progressives have traditionally focused only on the demand side of the economy, abandoning the supply side to conservatives. Law and the Wealth of Nations offers a progressive approach to the supply side of the economy and proposes innovation in our fundamental economic arrangements.Lothian begins by exploring how finance can serve broad-based economic growth rather than serving only itself. She goes on to show how the reform of finance can lead into the democratization of the economy. How, she asks, can we ensure that the most advanced, knowledge-intensive practices of production spread throughout the economy rather than remaining in the hands of the entrepreneurial and technological elite? How can we anchor greater economic equality and empowerment in the way we organize the economy rather than just trying to diminish inequalities after the fact by progressive taxation and entitlements?

Contents:

Introduction

The past and future of American finance seen through the lens of crisis

The past and future of financial reform: from regulation to reorganization

The democratized market economy

The democratized market economy in Latin America (and elsewhere): an exercise in institutional thinking within law and political economy

Economic progress and structural vision.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Lothian, Tamara, 1958-2016, author. Law and the wealth of nations

ISBN:

9780231174664

0231174667

OCLC:

985974571