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Title
Democracy against domination / K. Sabeel Rahman.
Imprint
New York : Oxford University Press, [2017]
Description
xv, 237 pages ; 25 cm
Formatted Contents Note
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.
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.
Bibliography, etc. Note
Includes bibliographical references (pages 181-226) and index.
Location
STA
Available in Other Form
Online version: Rahman, K. Sabeel, 1983- Democracy against domination. New York : Oxford University Press, [2016]
Call Number
KF1570 .R34 2017
Language
English
ISBN
9780190468538 (hardcover ; alkaline paper)
019046853X (hardcover ; alkaline paper)
019046853X (hardcover ; alkaline paper)
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