Name: A Republic of Producers. Completing Our Jeffersonian Economy with Hamiltonian Finance
Price: 103294.00 ARS
Availability: InStock
Author: Robert C. Hockett
ISBN: 9780300224177

portada A Republic of Producers. Completing Our Jeffersonian Economy with Hamiltonian Finance

A Republic of Producers. Completing Our Jeffersonian Economy with Hamiltonian Finance

Formato

Libro Físico

Editorial

Yale University Press

Autor

Robert C. Hockett

Año

2026

N° páginas

448

Encuadernación

Tapa Dura

Dimensiones

23.50 x 15.60 cm

ISBN13

9780300224177

A Republic of Producers. Completing Our Jeffersonian Economy with Hamiltonian Finance

Robert C. Hockett (Autor) · Yale University Press · Tapa Dura

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Reseña del libro "A Republic of Producers. Completing Our Jeffersonian Economy with Hamiltonian Finance"

A radically original solution to our most intractable economic problems: wage stagnation, productive atrophy, and wealth inequality This sweeping and ambitious book locates the source of American economic and social decline in a simple but profound observation: the nation’s forms of citizen ownership have not kept up with its sources of wealth. In the early republic, the Jeffersonian ideal of an agrarian citizenry, whose productive assets lay primarily in land ownership and their own education, more or less matched the productive sources of wealth in the nation as a whole. But as we grew from an agrarian nation to an industrial one, the forms of citizen ownership did not change with the economy: instead, efforts toward land ownership were transferred to ownership in unproductive real estate—that is, homes. It is the effort to draw wealth from limited and relatively unproductive sources that makes the average American citizen fall farther and farther behind in income, and also caused the artificial inflation of real estate that led to the 2008 crash. Advancing a theory of “income-compositional symmetry,” Robert C. Hockett argues that in order to remedy wage stagnation, productive atrophy, and extreme wealth inequality, industrial, financial, and commercial forms of ownership need to be as universally accessible to citizens as land and education. Hockett presents a unique, financially engineered program for doing so, showing how it coheres with our political and legal traditions as well as what he calls our “endowment psychologies.”