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

By: Lothian, Tamara, 1958-2016 [author.].
Material type: TextTextSeries: JSTOR eBooks.Publisher: New York : Columbia University Press, [2017]Description: 1 online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9780231545839; 0231545835.Subject(s): Finance -- United States | Financial crises -- United States | Financial institutions -- Law and legislation -- United States | Capital market -- Law and legislation -- United States | Monetary policy -- United States | Democracy -- Economic aspects -- United StatesAdditional physical formats: Print version:: Law and the wealth of nationsDDC classification: 332.0973 Online resources: Click here to view this ebook.
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.
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Item type Current location Call number URL Status Date due Barcode
Electronic Book UT Tyler Online
Online
HG181 (Browse shelf) https://ezproxy.uttyler.edu/login?url=http://www.jstor.org/stable/10.7312/loth17466 Available ocn986523901

Includes bibliographical references and index.

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.

Description based on print version record and CIP data provided by publisher; resource not viewed.

Reviews provided by Syndetics

CHOICE Review

The goal of Lothian's work is to devise a path to achieving socially inclusive economic growth. She challenges the premise that the "market economy" has a single natural or necessary form because beginning there means that mitigating the inequalities of such a system can take only the form of regulation or the progressive approach (identified by Lothian) that addresses inequalities through taxation and redistribution. In effect, the progressive approach operates only on the aggregate demand side of the typical macroeconomic model. Lothian contends that the form of the market economy is expressed in institutional arrangements defined by law (which has more to do with the supply side), and her focus is on changing those components, particularly those regarding finance. She states that "We cannot [emphasis added] organize socially inclusive economic growth without reforming the institutional arrangements of the market order, including the arrangements governing finance and its relation to the real economy." This volume, however, is more of a vision statement than a blueprint, and a closer move toward strategies for implementation may come in the next volume of Lothian's work. Summing Up: Recommended. Graduate students through faculty. --Mary H. Lesser, Lenoir-Rhyne University

Author notes provided by Syndetics

Tamara Lothian (1958-2016) wrote and taught widely in law and political economy after an early career in international finance. A companion volume, Finance and Democracy in America , is forthcoming from Columbia University Press.

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