Description
Book SynopsisTamara Lothian shows a path to the reconstruction of the economy in the service of both growth and inclusion that would reignite economic growth by democratizing the market.
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.
Trade ReviewThe question that motivates the book-How can finance serve production, innovation, and democracy, instead of acting as a constraint on them?-opens into a much larger discussion of the challenges of late capitalism. This is a significant contribution to the central debates of our time, laying out a fresh vision of finance and, more broadly, of an inclusive, democratic market economy -- Dani Rodrik, Harvard University Tamara Lothian makes a transformative contribution to the current debate on the role of finance-viewing it not in terms of 'more state' or 'more market' but of the need for innovations in the legal forms that structure markets, to bring together both economic progress and meaningful inclusion. -- Sanjay G. Reddy, The New School Reimagining our economic arrangements begins with reimagining our financial arrangements. No one has thought with more care, theoretic sophistication, or 'ground-level' knowledge of finance than Tamara Lothian. Her unsurpassed powers of abstraction and generalization, as guided and disciplined by her decades of thoughtful financial practice, uniquely qualify her to rethink finance in the interest of rethinking the economy. There is no one else like her in the field of finance. -- Robert C. Hockett, Cornell University
Table of ContentsA Note Regarding the Circumstance in Which This Book Is Published Introduction 1. The Past and Future of American Finance Seen Through the Lens of Crisis 2. The Past and Future of Financial Reform: From Regulation to Reorganization 3. The Democratized Market Economy 4. The Democratized Market Economy in Latin America (and Elsewhere): An Exercise in Institutional Thinking Within Law and Political Economy 5. Economic Progress and Structural Vision Appendix. Crisis, Slump, Superstition, and Recovery: Thinking and Acting Beyond Vulgar Keynesianism (with Roberto Mangabeira Unger) Notes Index
