Robert C. Hockett

The “software” that structures our financial systems, and through them, the broader economy, is made up of certain basic concepts that guide how we think. These concepts include money, finance, investment, credit, and—above all—capital. This conceptual software manifests itself in our current “operating system” of institutions and practices. However, our concepts and the system itself are radically outdated as representations...

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...