B.A., University of South Florida
J.D., Harvard University
Robert Ashford is Professor of Law at Syracuse University, College of
Law. His subjects include Binary Economics, Business Associations,
Public Corporations, Professional Responsibility and Securities
Regulation. He holds a J.D. with honors from Harvard Law School, and a
B.A. with majors in physics and English literature, graduating first
in his class at the University of South Florida. He was a Woodrow
Wilson Fellow at Stanford University where he studied English
literature and creative writing. His book
Binary Economics: the New Paradigm, (1999) with Rodney
Shakespeare, is available from the University Press of America.
Professor Ashford is the founder and principal organizer of the
Section on Socio-Economics of the Association of American Law Schools
and a member of the Editorial Board of the Journal of Socio-Economics,
the academic honor societies of Phi Kappa Phi and Sigma Pi Sigma
(physics), and the American Law Institute.
Professor Ashford has authored and co-authored articles, book chapters
and monographs on various subjects including banking, binary
economics, evidence, implied liability under federal law, professional
responsibility, public utility regulation, socio-economics, securities
regulation, and tax law. His publications include: “What is
Socio-Economics,” 41 San Diego Law Review 5 (2004) (Published as an
introductory article in a Symposium edition entitled “Teaching Law and
Socioeconomics”); “Socio-Economics and Professional Respsonsibilities
in Teaching Law-Related Economic Issues, 41 San Diego Law Review 133
(2004) (Published in a Symposium edition entitled “Teaching Law and
Socioeconomics”); “The Socio-Economic Foundation of Corporate Law and
Corporate Social Responsibility” 76 Tulane Law Review 1187 (2002);
“Binary Economics, Fiduciary Duties and Corporate Social
Responsibility: Comprehending Corporate Wealth Maximization for
Stockholders, Stakeholders, and Society,” 76 Tulane Law Review 1531
(2002); "A New Market Paradigm for Sustainable Growth: Financing
Broader Capital Ownership with Louis Kelso's Binary Economics,” Volume
XIV, Praxis, The Fletcher Journal of Development Studies, pp. 25-59
(1998); "Socio-Economics: What Is Its Place in Law Practice?" Volume
1997 Wisconsin Law Review 611 (1997); "Louis Kelso's Binary Economy,"
Volume 25 Journal of Socio-Economics pp. 1-53 (1996) (available on
westlaw.com in its jjsocecon data base), “The Binary Economics of
Louis Kelso: A Democratic Private Property System for Growth and
Justice,” Chapter 6 in Curing World Poverty: The New Role of Property,
(1994), John H. Miller, C.S.C., S.T.D., editor; Banking Law, Volume 5
Banks and Securities Regulation Supplement, Matthew Bender (1993),
“The Binary Economics Louis Kelso: The Promise of Universal
Capitalism,” 22 Rutgers Law Journal 3 (1990) (available on
www-camlaw.rutgers.edu/publications/lawjournal/ashford.htm); “Take
What You Have Gathered From Coincidence: The Importance of Uncertainly
Analysis in Legal Inference and Probability.” 66 Boston University Law
Review 943 (1986); “Implied Causes of Action Under Federal Laws:
Calling the Court Back to Borak,” Northwestern University Law Review
227 (1984); “Evaluating the Potential Use of a Consumer Stock
Ownership Plan for Financing the Capital Requirements of Public
Utilities,” Proceedings of fourth NARUC Biennial Regulatory
Information Conference, The Ohio State University (1984); “Negligence
v. Strict Liability: The Workers Compensation Example,” 12 Seton Hall
Law Review 725 (1982) (co-authored with William G. Johnson);
“Presumptions, Assumptions and Due Process in Criminal Cases: A
Theoretical Overview.” 79 Yale Law Journal 165 (1969) (co-authored
with D.M. Risinger).
Professor Ashford's current research interests include the
relationship between socio-economic principles and the professional
responsibilities of lawyers; the fiduciary duty of inquiry in a market
economy; the history of law and economics; Federal Reserve monetary
policy; Christianity and economics, and binary economics.
Professor Ashford began law practice in the tax department of Morrison
& Foerster in San Francisco. Later he joined Louis Kelso in forming
the law firm of Kelso, Hunt, Ashford and Ludwig, and the investment
banking firm Kelso and Company where he served as Chief Operating
Officer and General Counsel. His law practice included tax, corporate
law, securities regulation, and appellate litigation. While in private
practice, he was elected President of the Barristers Club of San
Francisco (1973) and a Director of the Bar Association of San
Francisco (1978).
"Binary Economics and the Case for Broader Ownership" (An earlier
version of this article was presented to The Seventh International
Post-Keynesian Workshop, June 30 - July 2, 2002, University of
Missouri, Kansas City.)
About the Author
Robert Ashford is Professor of Law at Syracuse University. Rodney
Shakespeare is a Barrister in London.
Product Description:
Binary Economics presents a new paradigm which founds a practical
new economics and a unifying new politics that enable people to
understand and realize their essential rights and responsibilities
in a market economy. This paradigm recognizes that capital has a
potent productive and distributive relationship to growth, and by
democratically extending the efficient means to acquire capital to
all people using the earnings of capital on market principles,
binary economics offers many important benefits beyond those
provided by conventional economics. The authors present this concept
as new hope for solving seemingly intractable problems of economic
efficiency, distribution, and justice not solved by conventional
economic theories and practices, while enabling people to understand
and realize their essential rights and responsibilities in a market
economy. The binary paradigm allows cooperation with governments to
make modest reforms to existing capital markets so that all people
can acquire capital using the earnings of capital and offering the
market foundation for many important benefits, including
substantial, sustainable growth; more equal opportunity and social
justice; increased earning power for the poor, working and middle
class people; a greener environment; individual autonomy; strong
families and communities; strengthened democracy; and voluntary
control of population levels.--This
text refers to the
Paperback edition.