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The 2008 collapse of the US financial system plunged the economy into the worst economic downturn since the Great Depression, raising deep moral and institutional questions about the problems of economic inequality and economic power on the one hand, and the tensions between democracy and bureaucratic policymaking on the other. In Democracy Against Domination, K. Sabeel Rahman draws on a rich tradition of political economy rooted in the thought and reform politics of early twentieth-century progressives like John Dewey and Louis Brandeis to argue that, first, we should reconceive economic governance as focused not just on growth or efficiency but rather on counteracting the threat of domination whether in the form of corporate power or inequitable markets; and second, that we must do so by expanding the capacity of citizens themselves to exercise real political power in economic policymaking. Synthesizing a range of insights from law, history, political theory, and public policy, Rahman combines a fresh normative approach to democratic theory and economic power with a concrete analysis of the institutions needed to realize urgent hopes for a more equitable and democratic economy.
This book investigates how to reconcile the tensions between democratic governance and concentrated economic power in the wake of systemic financial instability. K. Sabeel Rahman, a legal scholar and political theorist, utilizes the intellectual framework of early twentieth-century progressives like John Dewey and Louis Brandeis to reframe economic policy. He argues that the primary objective of economic governance should be the mitigation of domination by corporate entities and inequitable markets, rather than a singular focus on growth or efficiency.
What You Will Find
Scope Limits
Scholars and political theorists frequently cite this work as a significant contribution to the revival of institutionalist political economy. Experts highlight the text for its ability to bridge the gap between abstract democratic theory and the practical realities of modern administrative law.
Page Count:
256
Publication Date:
2018-08-15
Publisher:
Oxford University Press
ISBN-10:
0190911085
ISBN-13:
9780190911089
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