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Business - Law and Macroeconomics: Legal Remedies to Recessions

Description

Book Synopsis: A distinguished Yale economist and legal scholar’s argument that law, of all things, has the potential to rescue us from the next economic crisis.

After the economic crisis of 2008, private-sector spending took nearly a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach whose proven success is too rarely acknowledged. Harking back to New Deal regulatory agencies, Listokin proposes that we take seriously law’s ability to function as a macroeconomic tool, capable of stimulating demand when needed and relieving demand when it threatens to overheat economies.

Listokin makes his case by looking at both positive and cautionary examples, going back to the New Deal and including the Keystone Pipeline, the constitutionally fraught bond-buying program unveiled by the European Central Bank at the nadir of the Eurozone crisis, the ongoing Greek crisis, and the experience of U.S. price controls in the 1970s. History has taught us that law is an unwieldy instrument of macroeconomic policy, but Listokin argues that under certain conditions it offers a vital alternative to the monetary and fiscal policy tools that stretch the legitimacy of technocratic central banks near their breaking point while leaving the rest of us waiting and wallowing.

Details

Are you tired of waiting for the economy to recover after a crisis? Look no further! Introducing Law and Macroeconomics: Legal Remedies to Recessions, a game-changing book by Yale economist and legal scholar, Yair Listokin. Listokin believes that the key to a faster economic recovery lies in harnessing the power of law as a macroeconomic tool. With examples ranging from the New Deal to the European Central Bank, Listokin proves that law can stimulate demand and prevent economic overheating, giving us a vital alternative to traditional monetary and fiscal policies. Don't let another economic crisis leave you waiting and wallowing. Embrace the power of law and take control of your economic future.

Experience the power of law in action! Law and Macroeconomics: Legal Remedies to Recessions takes you on a journey through history, highlighting the positive impact of law as a macroeconomic tool. Discover how regulatory agencies during the New Deal era sparked economic recovery and learn from cautionary examples such as the Greek crisis and U.S. price controls in the 1970s. Yair Listokin's insightful analysis unveils the untapped potential of law to rescue us from future economic crises. Don't miss out on this opportunity to gain a deeper understanding of law's role in shaping our economy.

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