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Justice Is an Option – A Democratic Theory of Finance for the Twenty-First Century - Chicago Scholarship Online
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Justice Is an Option: A Democratic Theory of Finance for the Twenty-First Century

Robert Meister

Abstract

This book argues that compounding the effects of past injustice is a further injustice attributable to the specific role of asset market liquidity in preserving and accumulating value. In times of political and economic turbulence, Politically-driven threats to asset market liquidity are typically made by the financial sector to thwart demands for justice in turbulent times, and elicit government guarantees of the value of the securities used to collateralize private credit markets. After this occurred in 2008, prominent financial macroeconomists have used options theory to value the premium t ... More

Keywords: financialization, Marxism, historical justice, derivatives, liquidity, socioeconomic inquality, capital accumulation, cryptocurrency, Great Recession, options theory

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9780226702889
Published to Chicago Scholarship Online: January 2022 DOI:10.7208/chicago/9780226734514.001.0001

Authors

Affiliations are at time of print publication.

Robert Meister, author
University of California, Santa Cruz