michael a. mccarthy

finance, economic democracy & social theory


How has finance capitalism worsened social inequality, increased macroeconomic instability and hastened the degradation of the climate? And how might democratic processes be created for investing for the social and environmental good?

I am a social theorist and historical sociologist that works on solving these intertwined dilemmas through scholarship and political activism. To rebuild our systems of investment and debt allocation, we need institutions that enhance economic democracy.

Get in touch


new article at Sociological Theory, “The Problem of Class Abstractionism.”

three rethinking the coordination problem workshops, Berggruen Institute, fall-spring: industrial planning, democratizing finance, and climate transition

DemocracyNext launch september 15. Beginning collaboration on democratic governance of public banks

collaboration with Public Bank LA, Jain Family Institute and the Berggruen Institute on designing a public bank for Los Angeles

collaboration with Democracy Policy Network and Center for Deliberative Democracy on deliberation toolkit

joined The Socio-Spatial Climate Collaborative, or (SC)², as a faculty collaborator

our report on the first re-opening the coordination problem workshop is now available here

working report with the Jain Family Institute and the Berggruen Institute on democratic public banks here