Defining a just economy in a tenuous social-political time.
If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy.
A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.
Defining a just economy in a tenuous social-political time.
If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy.
A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.
Introduction
D. Allen, Y. Benkler, L. Downey, R. Henderson, and J. Simons
Part 1. New Goals for a Just Economy
1 Power and Productivity: Institutions, Ideology, and Technology in
Political Economy
Yochai Benkler
2 Building a Good Jobs Economy
Dani Rodrik and Charles Sabel
3 The Political Philosophy of RadicalxChange
E. Glen Weyl
4 On Flourishing: Political Economy and the Pursuit of Well-Being
in the Polity
Deva Woodly
5 Beyond the Perpetual Pursuit of Economic Growth
Julie L. Rose
Part 2. New Aspirations for Firms and Other Organizations
6 What’s Wrong with the Prison Industrial Complex? Profit,
Privatization, and the Circumstances of Injustice
Tommie Shelby
7 Firms, Morality, and the Search for a Better World
Rebecca Henderson
8 Corporate Purpose in a Post-Covid World
Malcolm S. Salter
9 Corporate Engagement in the Political Process and Democratic
Ideals
F. Christopher Eaglin
10 The Just and Democratic Platform? Possibilities of Platform
Cooperativism
Juliet B. Schor and Samantha Eddy
Part 3. The Role of Democratic Associations, Institutions, and
Governance in a Just Economy
11 New Rules for Revolutionaries: Reflections on the Democratic
Theory of Economic System Change
Marc Stears
12 Structural Justice and the Infrastructure of
Inclusion
K. Sabeel Rahman
13 Governing Money Democratically: Rechartering the Federal
Reserve
Leah Downey
14 Polypolitanism: An Approach to Immigration Policy to Support a
Just Political Economy
Danielle Allen
Acknowledgments
List of Contributors
Index
Danielle Allen is the James Bryant Conant University Professor and Director of the Edmond J. Safra Center for Ethics at Harvard University. Yochai Benkler is the Berkman Professor of Entrepreneurial Legal Studies at Harvard Law School and faculty co-director of the Berkman Klein Center for Internet and Society at Harvard University. Rebecca Henderson is the John and Natty McArthur University Professor at Harvard University, a research fellow at the National Bureau of Economic Research, and a fellow of both the British Academy and of the American Academy of Arts and Sciences. Josh Simons is a postdoctoral fellow in technology and democracy at the Edmond J. Safra Centre for Ethics at Harvard University. Leah Downey is a PhD candidate in government at Harvard University and a visiting academic at the Sheffield Political Economy Research Institute.
Despite polarized attitudes, Rebecca Henderson argues
that it's the perfect time for companies to reset their moral
compass. In an essay from the book A Political Economy of
Justice, she explores the social efforts of Cadbury and
Unilever. Henderson says companies and societies have long had
qualms about the pursuit of profit only for profit’s sake. In early
capitalist Renaissance Italy, for instance, lending money was
considered a sin. Plus, she points to Walmart, founded in 1962 with
a mission of making consumer goods more affordable for a broader
swath of low-income Americans. Her chapter, “Reimagining
Capitalism: Could Purpose-Driven Firms Help to Build a Just and
Sustainable World?” also explores corporate partnerships that
support social good, such as one that Unilever pioneered to unite a
group of companies to sustainably produce palm oil.
*Harvard Business School Working Knowledge*
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