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Democracy Against Domination
K. Sabeel Rahman
€ 120.57
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Description for Democracy Against Domination
How do realize democratic values in a complex, deeply unequal modern economy and in the face of unresponsive governmental institutions? Drawing on Progressive Era thought and sparked by the real policy challenges of financial regulation, Democracy Against Domination offers a novel theory of democracy to answer these pressing questions. Num Pages: 256 pages. BIC Classification: JPHV; KCP. Category: (G) General (US: Trade). Dimension: 166 x 267 x 2. Weight in Grams: 492.
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. Synthesizing a range of insights from history to political theory to public policy, Democracy Against Domination offers an exciting reinterpretation of progressive economic thought; a fresh normative approach to democratic theory; and an urgent hope for realizing a more equitable and democratically accountable economy through practical reforms in our policies and regulatory institutions.
Product Details
Publication date
2016
Publisher
Oxford University Press Inc United States
Number of pages
256
Condition
New
Number of Pages
254
Format
Hardback
Place of Publication
New York, United States
ISBN
9780190468538
SKU
V9780190468538
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-2
About K. Sabeel Rahman
K. Sabeel Rahman is Assistant Professor of Law, Brooklyn Law School.
Reviews for Democracy Against Domination
The author finds precedence for his interpretation in the writings of Louis Brandeis and John Dewey. Pragmatic regulation by democratically selected grassroots participants promises better outcomes than elite technocrats selected for their expertise... Highly Recommended.
R. S. Hewett (Drake University), Choice Reviews Vol 55.
R. S. Hewett (Drake University), Choice Reviews Vol 55.