Description |
xv, 237 pages ; 25 cm |
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text txt rdacontent |
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unmediated n rdamedia |
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volume nc rdacarrier |
Bibliography |
Includes bibliographical references (pages 181-226) and index. |
Contents |
Democracy, domination, and the challenge of economic governance -- Managerialism and the new deal legacy -- The progressive critique of the market -- Economic domination and democratic action -- Structuring democratic agency -- Anti-domination as regulatory strategy -- Democratic agency as regulatory process -- Democratic freedom in the new gilded age. |
Summary |
In 2008, the collapse of the US financial system plunged the economy into the worst economic downturn since the Great Depression. In its aftermath, the financial crisis pushed to the forefront fundamental moral and institutional questions about how we govern the modern economy. What are the values that economic policy ought to prioritize? What institutions do we trust to govern complex economic dynamics? Much of popular and academic debate revolves around two competing approaches to these fundamental questions: laissez-faire defenses of self-correcting and welfare-enhancing markets on the one hand, and managerialist turns to the role of insulated, expert regulation in mitigating risks and promoting growth on the other. In Democracy Against Domination, K. Sabeel Rahman offers an alternative vision for how we should govern the modern economy in a democratic society. Drawing on a rich tradition of economic reform rooted in the thought and reform politics of early twentieth century progressives like John Dewey and Louis Brandeis, Rahman argues that the fundamental moral challenge of economic governance today is two-fold: first, to counteract the threats of economic domination whether in the form of corporate power or inequitable markets; and second, to do so by expanding the capacity of citizens themselves to exercise real political power in economic policymaking. This normative framework in turn suggests a very different way of understanding and addressing major economic governance issues of the post-crisis era, from the challenge of too-big-to-fail financial firms, to the dangers of regulatory capture and regulatory reform. |
Subject |
United States -- Economic policy -- 2009-
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United States -- Economic policy -- Citizen participation.
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Democracy -- Economic aspects -- United States.
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Capitalism -- Political aspects -- United States.
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Equality -- Economic aspects -- United States.
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Financial services industry -- Law and legislation -- United States.
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United States -- Economic conditions -- 2009-
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Capitalism -- Political aspects.
(OCoLC)fst00846436
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Democracy -- Economic aspects.
(OCoLC)fst00890081
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Economic history. (OCoLC)fst00901974
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Economic policy. (OCoLC)fst00902025
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Economic policy -- Citizen participation.
(OCoLC)fst00902029
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Equality -- Economic aspects.
(OCoLC)fst00914460
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Financial services industry -- Law and legislation.
(OCoLC)fst00924762
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United States. (OCoLC)fst01204155
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Chronological Term |
Since 2009
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ISBN |
9780190468538 (hardcover : alk. paper) |
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019046853X (hardcover : alk. paper) |
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