Jongchul Kim has made available for download his forthcoming article, “The Trust is Central to an Understanding of Modern Banking, Business Corporations, and Representative Democracy: A Reply to Hayden & Heiden’s Comments,”  to be published in the Journal of Economic Issues, March 2015.  The abstract reads as follows:

Elsewhere (Kim 2013) I have argued that the trust is central to an adequate understanding of the capitalist institutions of modern banking, the business corporation, and representative democracy. This paper has generated a comment by Greg Hayden and Andrew E. Heiden. Hayden and Heiden argue that, because the trust is a legal instrument, it cannot be used to understand more complex social institutions. In this paper I reply to their argument and refute them.

Download full article at The Trust Is Central to an Understanding of Modern Banking, Business Corporations, and Representative Democracy: A Reply to Hayden & Heiden’s Comments by Jongchul Kim :: SSRN.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.