Adam Tooze and Stefan Eich: The Last of the Magicians: Thomas Mann, John Maynard Keynes and the Alchemy of Bourgeois Liberalism
An essay by Adam Tooze and Stefan Eich The new, socialized world, the world of planning and co-operation, will come; humanity will get rid of unnecessary sufferings that are a disgrace to intelligence; and this will be achieved by a great and sober effort that has already enrolled under its banner all who have turned […]
What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance
Leah Downey and Stefan Eich Calls to “democratize finance” abound today. Yet this apparent consensus obscures sharply divergent conceptions of both democracy and finance. This article maps these demands along two axes, distinguishing between access- and power-based conceptions of democracy, and between three dimensions of finance: payment, capital markets, and banking. We then develop three […]