
Exploring the structures through which money and goods flow to reveal how intermediation design impacts resilience, accountability and sustainability.
Direct
The Rise of the Middleman Economy and the Power of Going to the Source
- Financial Times Longlist for Business Book of the Year 2022
- Axiom Gold Medal Winner, Business Theory
- Next Big Idea Club “The Top 16 Finance Books of 2022” and “Top 22 Business Books of 2022”
- National Book Festival Selection

“For more than two hundred years, modernity was thought to involve the transition from gifts and personal ties to a world dominated by impersonal markets and efficient transactions. In this brilliant contribution, Judge turns the established notion of 'progress' on its head. Middlemen have become too big, too pervasive, and too powerful. We need to understand when and how more direct connections work—and move our lives, our businesses, and our public policy in that direction. Essential reading for anyone who cares about the future of good jobs and the world we leave for our children.”
- SIMON JOHNSON, Nobel Laureate, on Direct -
Kathryn Judge is the Harvey J. Goldschmid Professor of Law at Columbia Law School. Her research on financial markets and regulation has been published in top law journals and won accolades from academic peers and industry. She served as a clerk for Judge Richard Posner and Supreme Court Justice Stephen Breyer. She is a graduate of Stanford Law School and Wesleyan University. She lives with her husband and their two daughters in New York City.
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