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.