Towards a 21st Century Brain Trust – The Role of Lawyers in MMT

Friday September 22, 2017


This panel explores the relationship between Modern Monetary Theory and legal theory, as well as the role of legal professionals in the MMT community, and lessons from prior law & economics movements for the development and operationalization of MMT ideas.



Robert Hockett

Edward Cornell Professor of Law
Cornell Law School

Robert Hockett joined the Cornell Law Faculty in 2004. He is a Fellow of the Century Foundation and regular commissioned author for the New America Foundation, and does regular consulting work for the Federal Reserve Bank of New York, the International Monetary Fund, Americans for Financial Reform, the ‘Occupy’ Cooperative, and a number of federal and state legislators and local governments.

Martha McCluskey

University of Buffalo Law School

Martha is a professor at the University of Buffalo School of Law and co-editor of “Feminism, Media, and the Law” (Oxford University Press, 1997).

Raúl Carrillo

Modern Money Network

Raúl serves on the Board of Directors of the Modern Money Network. By day, Raúl works at the New Economy Project, providing legal and strategic support to low-income New Yorkers and community groups. He previously served as Special Counsel to the Enforcement Director at the Consumer Financial Protection Bureau and worked in the executive office of California Attorney General Kamala D.


William K. Black

Associate Professor of Law and Economics
University of Missouri-Kansas City

William K. Black, J.D. Ph.D. is an Associate Professor of Law and Economics at the University of Missouri-Kansas City and former Executive Director of the Institute for Fraud Prevention. He is a veteran financial regulator, previously serving as Litigation Director of the Federal Home Loan Bank Board, Deputy Director of the FSLIC, SVP and General Counsel of the Federal Home Loan Bank of San Francisco, and Senior Deputy Chief Counsel of the Office of Thrift Supervision. He was also Deputy Director of the National Commission on Financial Institution Reform, Recovery and Enforcement. He the author of The Best Way to Rob a Bank is to Own One (University of Texas Press 2005), and has testified before numerous Congressional Committees on financial regulation, executive compensation and fraud in the lead-up to the financial crisis. Dr. Black was also a central figure in exposing Congressional corruption during the 1980’s Savings and Loan Crisis. He contributes regularly to the Huffington Post and also blogs at New Economic Perspectives.