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 -- Appendix.
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SUMMARY OR ABSTRACT
Text of Note
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?
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
JSTOR
Stock Number
22573/ctt1xcncwb
OTHER EDITION IN ANOTHER MEDIUM
Title
Law and the wealth of nations.
International Standard Book Number
9780231174664
TOPICAL NAME USED AS SUBJECT
Capital market-- Law and legislation-- United States.
Democracy-- Economic aspects-- United States.
Finance-- United States.
Financial crises-- United States.
Financial institutions-- Law and legislation-- United States.