Making Capital Democratic: A Reconstruction of State, Credit, and Finance [Hardcover] Hockett, Robert C.
Language: English
Published by Polity, 2025
- Hardcover
- Used
Seller: The Scholar's Choice, Wolcott, NY, U.S.A.The Scholar's Choice
AbeBooks seller since September 16, 2026
Condition: Used - As new
£ 17.89
Quantity: 1 available
Add to basketItem description from seller
New hardcover with a dust jacket that has a couple wrinkles. Pages are tight and unread.
Seller Inventory # W25-063APT15
- Title
- Making Capital Democratic: A Reconstruction of State, Credit, and Finance [Hardcover] Hockett, Robert C.
- Author
- Hockett, Robert C.
- Publisher
- Polity
- Publication year
- 2025
- Condition
- As New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1509570055
- ISBN 13
- 9781509570058
The underlying conceptual problem, Hockett contends, is that we miss the extent to which our financial systems are deeply and ineradicably public. Money is an inherent emanation of our basic social contract; capital in turn emerges as almost entirely publicly generated. Our systems of finance and investment must therefore be publicly and democratically determined. Leaving them in the hands of private powers means resigning ourselves to current health and income inequalities, evermore frequent financial crises, and economic stagnation and decline – to say nothing of social and political deterioration across the developed world.
Lucid and passionately argued, Making Capital Democratic is a seamless blend of philosophy and economics that calls for profound intellectual and institutional changes that would befit a democracy that is democratic in more than just name.
The “software” that structures our financial system and, through it, our broader economy is made up of certain basic concepts that guide how we think and hence act. These concepts include money, credit, finance, investment, and – above all – capital. This conceptual software manifests itself in our current “operating system” of institutions and practices. But our concepts and the system itself are radically out of date both as representations of monetary, financial, productive, and distributive reality and thus as realizations of democratically productive potential. Robert Hockett shows that this mismatch has serious consequences and argues that it’s time for a complete overhaul of our economic understanding. The underlying conceptual problem, Hockett contends, is that we miss the extent to which our financial systems are deeply and ineradicably public. Money is an inherent emanation of our basic social contract; capital in turn emerges as almost entirely publicly generated. Our systems of finance and investment must therefore be publicly and democratically determined. Leaving them in the hands of private powers means resigning ourselves to current health and income inequalities, evermore frequent financial crises, and economic stagnation and decline – to say nothing of social and political deterioration across the developed world. Lucid and passionately argued, Making Capital Democratic is a seamless blend of philosophy and economics that calls for profound intellectual and institutional changes that would befit a democracy that is democratic in more than just name.
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
The Scholar's Choice
Wolcott, NY, U.S.A.
AbeBooks seller since September 16, 2026
Shipping rates within U.S.A.
| Item | 5 to 14 business days | 3 to 6 business days |
|---|---|---|
| First item | £ 4.12 | £ 9.93 |
Payment methods
Store description
The Scholar's Choice is an academic exhibits company. The books we offer for sale are usually GENTLY USED display copies, generally in excellent condition, unmarked, and unread. Any flaws are noted in our description. Our books have not been read. Any wear is generally from shipment or from customers paging through the sample copies at the exhibit.
Specialty
Mostly academic, some tradeSeller's business information
The Scholar's Choice, Ltd.
6300 W. Port Bay Road, Suite 101
Wolcott, NY U.S.A. 14590
Right of withdrawal
If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.
Information regarding the right of withdrawal
Statutory right to withdraw
You have the right to withdraw from this contract within 14 days without giving any reason.
The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.
To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.
We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.
You shall send back the goods or hand them over to The Scholar's Choice, Wolcott, New York, U.S.A., without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.
Exceptions to the right of withdrawal
The right of withdrawal does not apply to:
- The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
- The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.