Law and the Wealth of Nations : : Finance, Prosperity, and Democracy / / Tamara Lothian.

• Superior document: Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2017
• VerfasserIn: Lothian, Tamara,
• MitwirkendeR: Lothian, Tamara,; Unger, Roberto Mangabeira,
• Place / Publishing House: New York, NY : : Columbia University Press, , [2018]; ©2017
• Year of Publication: 2018
• Language: English
• Physical Description: 1 online resource

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? How can we revise legal thought and economic theory to develop the intellectual equipment that these tasks require? Law and the Wealth of Nations will appeal to all who are searching for ways to think practically about change in our economic and political institutions.

Table of Contents

Frontmatter -- Contents -- A Note Regarding the Circumstance in Which This Book Is Published -- Introduction -- Chapter one The Past and Future of American Finance Seen Through the Lens of Crisis -- Chapter two The Past and Future of Financial Reform: From Regulation to Reorganization -- Chapter three The Democratized Market Economy -- Chapter four The Democratized Market Economy in Latin America (and Elsewhere): An Exercise in Institutional Thinking Within Law and Political Economy -- Chapter five Economic Progress and Structural Vision -- Appendix Crisis, Slump, Superstition, and Recovery: Thinking and Acting Beyond Vulgar Keynesianism -- Notes -- Index