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The U.S. economy has undergone a major transformation over the past quarter century. This transformation has the potential to improve living standards and humanize working conditions as advanced technologies increase [...]

This essay, written in memory of Erik Olin Wright (1947–2019), outlines nine characteristics of a future socialism. It elaborates socialism as a set of processes and institutional arrangements that would open the way to a society that is radically more democratic, more just, and more sustainable than the existing order. [ABSTRACT FROM AUTHOR]

This article introduces the articles and commentaries in the special issue titled "Democratizing Finance." Here, the term "democratizing finance" focuses on reducing inequalities of income, wealth, and power. [ABSTRACT FROM AUTHOR]

This introduction explains the logic of bringing together the perspectives of Hyman Minsky and Karl Polanyi to analyze processes of financialization. Although Minsky and Polanyi have very different intellectual trajectories, there are important complementarities in their approaches. The introduction also explains the focus of the three papers in this special section written by Kurtuluş Gemici, Lucas Kirkpatrick, and David Woodruff. [ABSTRACT FROM AUTHOR]

While financial institutions have not figured prominently in utopian thinking, the democratization of finance is central to any vision of bringing contemporary economies under democratic control. This paper is an initial effort to conceptualize a series of feasible reforms that could incrementally weaken the power of incumbent financial institutions while helping to facilitate economic development that is more egalitarian and sustainable. While the focus is on the US economy, the specific ideas have relevance in other national contexts. The core of the reform idea is to mobilize a combination of governmental supports and grassroots entrepreneurialism to create an expanding network of nonprofit financial institutions that would redirect household savings to finance clean energy, growth of small and medium-sized enterprises, and infrastructure. [ABSTRACT FROM PUBLISHER]