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Rewriting the Laws of Capitalism

When new constitutional orders came about in the 18th and 19th centuries, they left intact the private legal order that they inherited from feudalism, entrenching property rights and contracts as bulwarks against economic democracy. Reforming this system will require placing private law on a normative foundation that is compatible with democratic self-ordering.

Liberal Property Law vs. Capitalism

This is part of our symposium on Hanoch Dagan’s book, A Liberal Theory of Property. For a concise version of Dagan’s argument, see this restatement. Image credit: Sam Abell, National Geographic. Hanoch Dagan has written a wonderful, thoughtful, and thought-provoking book. Its publication could have hardly come at a more prescient time. Many observers and commentators rightly despair over the…