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.