Banking between states and markets
Mehrsa Baradaran is a Professor of Law at UC Irvine. Her research situates the American banking system within a dense network of legal, historical, and political relationships. Her first book, How the Other Half Banks, exposed the vast disparities in access to credit generated by the financial deregulation of the 1970s. The solution to these disparaties, the book argues, is restoring the system of postal banking which was foundational for American democracy. Baradaran's 2017 book, The Color of Money, investigates the institutional factors perpetuating the racial wealth gap. The book forcefully argues that in a segregated economy, black banks suffered from the same poverty they were meant to mitigate. Her writing urges scholars, practitioners, and the public to reenvision banking as a public good.
Baradaran is a contributing editor to Law and Political Economy, where she writes about federal banking regulations, exploitative banking practices, and the development of racial capitalism in the United States. She is co-editor at Just Money, a forum for research and policy analysis which views money as a legal entity. Her recent popular articles have also been featured in The Atlantic, the New York Times, and the Washington Post. She tweets here.