Law and Macroeconomics: Legal Remedies to Recessions

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Harvard University Press, Mar 11, 2019 - Law - 280 pages
After 2008, private-sector spending took a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach, used in the New Deal, to harness law’s ability to function as a macroeconomic tool, stimulating or relieving demand as required under certain crisis conditions.
 

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Contents

Introduction
1
Part I Law Fiscal Policy and Monetary Policy
23
Part II The Pros and Cons of Expansionary Legal Policy
127
Five Lessons of Law and Macroeconomics
198
Appendix
205
Notes
217
Acknowledgments
253
Index
255
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About the author (2019)

Yair Listokin is the Shibley Family Fund Professor of Law at Yale Law School. He has been honored with a Milton Friedman Fellowship from the Becker-Friedman Institute at the University of Chicago and has served as a Visiting Professor at Columbia Law School, Harvard Law School, and New York University School of Law. His research has been featured in the Wall Street Journal, Fortune, cnn.com, Boston Globe, and Slate.

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