10-15 page Reaction Paper applying at least one key concept introduced in the course to one ‘topical’ subject that the concept(s) in question can help to illuminate. Course Overview: Law constitutes money and finance, while money and finance drive the macroeconomic dynamics that bring growth, employment, and long-term wealth accumulation to any economy.
Opinions have long varied, however, over just how money and finance shape macroeconomic phenomena, and thus over what legal and institutional structures are best suited to yielding financial and macroeconomic optima. This course, co-taught by a financially trained and experienced lawyer and a seasoned financier, both with backgrounds in macroeconomics, critically examines the linkages among law, money, and financial macrodynamics, as well as the thought of some leading thinkers and policymakers in these fields over the past century or so.