Financing the Green New Deal: A Plan of Action and Renewal by Robert C. Hockett

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Climate scientists have determined that we must act now to prevent an irreversible and catastrophic climatic tipping point, beyond which neither our own nor many other species can be assumed likely to survive. On the way to that bleak ending, moreover, extreme socio-economic injustice and associated political breakdown—now well underway in nations already hard-hit by environmental crisis—can be expected to hasten as well.The time has thus come to plan carefully, thoroughly, and on a scale commensurate with the crisis we face. This book, written by one of the key architects of the Green New Deal and prefaced by Representative Alexandria Ocasio-Cortez's former Chief of Staff, indicates how to structure Green New Deal finance in a manner that advances the cross-cutting goals of maximum financial and economic inclusion, maximally democratic decision-making, and an appropriate division of roles both among all levels of government and among public and private sector decision-makers.Integrating into one complete and coherent financial architecture such bold ideas as a 'People's Fed,' an interdepartmental National Investment Council, integrated state and regional public banks, a Democratic Digital Dollar and digital Taxpayer Savings and Transaction Accounts made part of the monetary policy transmission belt, and an economy-wide Price Stabilization Fund, this book is critical reading for policymakers and citizens looking for a fresh path forward towards a revived and sustainable, progressive and productive America.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Back Cover

Climate scientists have determined that we must act now to prevent an irreversible and catastrophic climatic tipping point, beyond which neither our own nor many other species can be assumed likely to survive. On the way to that bleak ending, moreover, extreme socio-economic injustice and associated political breakdown--now well underway in nations already hard-hit by environmental crisis--can be expected to hasten as well. The time has thus come to plan carefully, thoroughly, and on a scale commensurate with the crisis we face. This book, written by one of the key architects of the Green New Deal and prefaced by Representative Alexandria Ocasio-Cortez's former Chief of Staff, indicates how to structure Green New Deal finance in a manner that advances the cross-cutting goals of maximum financial and economic inclusion, maximally democratic decision-making, and an appropriate division of roles both among all levels of government and among public and private sector decision-makers. Integrating into one complete and coherent financial architecture such bold ideas as a 'People's Fed,' an interdepartmental National Investment Council, integrated state and regional public banks, a Democratic Digital Dollar and digital Taxpayer Savings and Transaction Accounts made part of the monetary policy transmission belt, and an economy-wide Price Stabilization Fund, this book is critical reading for policymakers and citizens looking for a fresh path forward towards a revived and sustainable, progressive and productive America.

Author Biography

Robert C. Hockett is Edward Cornell Professor of Law and Professor of Public Policy at Cornell University, USA. He is also Senior Counsel at Westwood Capital, a socially responsible investment bank, and a Visiting Professor of Finance at Georgetown University's McDonough School of Business. Formerly with the Federal Reserve Bank of New York and the International Monetary Fund, his principal teaching, research, and writing interests lie in the fields of organizational, financial, and monetary law and economics in both their positive and normative, as well as their national and transnational, dimensions. His guiding concern in these fields is with the legal and institutional prerequisites to a just, prosperous, and sustainable economic order. 

Table of Contents

1. The Green New Deal in Brief Outline.- 2. What a Green New Deal Finance Plan Must Do.- 3. A Green New Deal Financial Architecture.- 4. Comparison to Lesser Alternatives.

Feature

Provides a concise summary of the Green New Deal's animating vision and specific project fields Outlines a reconstruction of the US infrastructure planning process, the financial system, monetary system and central banking that will facilitate implementation of the Green New Deal Proposes bold ideas such as a National Investment Council, Federal Reserve reform, state and regional public banks, a Democratic Digital Dollar and digital Taxpayer Wallets Written by a key architect of the Green New Deal

Details ISBN3030484491 Author Robert C. Hockett Short Title Financing the Green New Deal Language English Year 2020 ISBN-10 3030484491 ISBN-13 9783030484491 Format Paperback Subtitle A Plan of Action and Renewal DOI 10.1007/978-3-030-48450-7 Pages 99 Publication Date 2020-08-06 DEWEY 338.973 UK Release Date 2020-08-06 Edition 1st Place of Publication Cham Country of Publication Switzerland Illustrations 8 Illustrations, black and white; XIX, 99 p. 8 illus. Publisher Springer Nature Switzerland AG Edition Description 1st ed. 2020 Imprint Springer Nature Switzerland AG Audience Professional & Vocational We've got this

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