Welcome to Capital Futures
Maintained by Robert Hockett
Public Finance for Perpetual
Public Progress
Welcome to Capital Futures, a Site dedicated to Financially Engineering Ever More Just and Remunerative, Labor-Owned Modes of Production and Distribution in the Spirit of Hamilton, Hilferding, Lincoln, List, Luxemburg, Marx, Perkins and Wicksell, Among Other Heroes of Human Emancipation.
High Theory
Noncomparabilities & Nonstandard
Logics, NeoAristotelian Philosophy of Action, Action-Theory-Informed Legal & Political Theory, Distributive Justice Theory & Meta-Theory, Distribution-Focused & Recursive Social Welfare Functions, Purging Pareto & Paretianism from Normative Economic & Political Theory, and More.
Meso Theory
Recursive Collective Action Problems, Endogenous Credit-Money Theory, Rousseauvian State Money Theory, Capital Theory, Systemically Important Price Theory, Central Banking and Public Finance Theory, the Public-Private Franchise Account of Both the Corporation and Modern Banking & Finance, and More.
Plans & Schemes
Real Arrow Securities for All, The Eminent Domain Plan for Underwater Mortgage Writedowns, Extended Fed Open Market Operations in All Markets with Systemically Important Prices, Digital Greenbacks & the Democratic Digital Dollar, 'Spreading the Fed,' the Green New Deal, Share-Spreading 'Labor Capitalism,' and More.
Legislation & Testimony
Legislation & Testimony on the Plans and Schemes Cited Above. Ranging from the Eminent Domain Plan for Underwater Mortgages, through Public 'Citizens' Ledger' Banking for All and a 'People's Portfolio' for System-Wide Price Stabilization, to Redesigning Our Public Institutions to Enable Perpetual National Development, and More
Publications Catalogue
Columns, OpEds, Occasional Journalism
I'm no Marx or Keynes, but like them I do try to accompany most of my scholarly, policy advocacy, and legislative work with more accessible journalistic companion pieces. Here are some of my regular columns for Forbes, The Hill, FT, and Huffington Post, along with other occasional journalism.
The Green New Deal
The Green New Deal initiative begun in 2018 marked the beginning of a return to ambitious public-private coordination in the cause of rebuilding the American economy along more just, productive, and sustainable lines. Hockett worked with Rep. Ocasio-Cortez and her team from the start on the GND Resolution introduced to Congress in early 2019, then on the initiative's finance plan as well as much follow-up legislation found in the 'Legislation' Module of this site.
Posthumous Mentors
This one's a bit personal too. Bill lived his last years in Lawrence, KS, where my closest friends and I did our undergraduate work. He developed a crush of sorts on one of us - Lori - thanks to her not having treated him as a celebrity at Dillon's, where Lori worked and Bill bought his groceries. He hung out at our house often after that. (Cf. my recollection at Leg's McNeil's website, linked here.) I always preferred 'Junky' to Bill's 'experimental' writing, but we all loved his singularity.
Abraham Lincoln was a self-taught American boatman, day laborer, and eventual lawyer-statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. A champion of labor's right to own its own capital and passionate Congressional opponent of US President Polk's war of aggression against Mexico before becoming President himself, Lincoln was much admired by Marx, the two of them even having even corresponded by mail during the Civil War.
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