Bankruptcy as Social Safety Net

Bankruptcy as Social Safety Net

By paying greater attention to who files bankruptcy, we can learn a great deal about the social and economic disparities that plague our society. By reforming and expanding access to bankruptcy, we can chip away at some of these disparities.

Embedding Societal Values in International Law

Embedding Societal Values in International Law

The existing system of international economic law is under great strain. This post offers a reading of the problem and proposes alternative directions for the future. In brief, the system has evolved from what John Ruggie called “embedded liberalism” to what David M. Trubek and I describe as “embedded neoliberalism.” The past couple of decades have witnessed something of a truce between those who designed the system and those who now are actors within it. But today this truce is largely crumbling.

Advancing Equity in the Data Economy: The Case for International Taxation

Advancing Equity in the Data Economy: The Case for International Taxation

Companies and their investors extract large amounts of wealth from people’s data. Yet because tax law treats users of digital platforms as consumers, rather than producers, neither these users nor their home countries receive any compensation in return. How might international tax law be used to mitigate the harms of this exploitative arrangement?

Financial Regulation, Price Stability, and the Future

Financial Regulation, Price Stability, and the Future

Financial regulation lies at the core of sound inflation management. Accordingly, progressives seeking to turn the page on the past few decades of failed macroeconomic policymaking should not hesitate to bring the full scope of financial regulatory tools to bear in the pursuit of just price stability.

A Just Transition for Finance

A Just Transition for Finance

The quest for “non-extractive finance” is filled with legal hurdles. This post examines how lawyers can support organizers working to imagine and build a better financial system.

Let Them Eat Cake: Inflation Beyond Monetary Policy

Let Them Eat Cake: Inflation Beyond Monetary Policy

In developing countries, inflation is often driven by the failure of the food supply chain. While economists are well-aware of this, they do not adequately value policies other than monetary policy for responding to inflation. It is time to discard this short-sighted approach.

The Fed’s Sole Mandate

The Fed’s Sole Mandate

The Fed was not designed to fight inflation, nor is it well equipped to do so. It is time for legislators to expand the macroeconomic policy toolkit.