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Capitalism’s Long, Difficult, and Experimental Treatment Regimen

In Katharina Pistor’s penetrating diagnosis, the law that constitutes capitalism spreads like a virus, and the only plausible cure is a new code of just private law. If this is indeed the remedy, we must devise a treatment regimen, figure out how to administer it, and deal with any harmful side-effects.

A Populist CEO in Corporate Law’s Court?

Recent amendments to Delaware’s corporate code have tilted the playing field toward powerful tech CEOs and private equity representatives. Beneath these reforms lies a deeper political shift — the rise of populist corporate governance that threatens both shareholder rights and the rule of law.

Democracy, Bureaucracy, and Rights

"It is not true that the U.S. Constitution has little to say about our economic rights and liberties – let alone our material welfare. Instead, as Fishkin and Forbath argue convincingly, the Constitution has nourished a democracy-of-opportunity tradition that places our equal social rights front-and-center in constitutional practice and politics."

Seven Reactions to the Eviction Moratorium Decision

Last week, the Supreme Court struck down the Biden Administration’s most recent moratorium on evictions. The decision, along with an anemic federal rental assistance effort, has put millions of people at risk of being removed from their homes. To offer our readers different ways into this important ruling, we asked Amy Kapczynski, Nikolas Bowie, Tara…

What Makes An Administrative Agency “Democratic”?

Scholarship thus far has not reconciled the relationship between democratized agency policymaking and the regular lawmaking done by Congress. To ameliorate the inexorable agency costs, theorists generally pose two different solutions: (1) a democratization of agency discretion, e.g., by making notice and comment procedures more robust; or (2) forcing Congress to elaborate their intent in fine-grained detail or undertake more robust oversight. Both moves inadvertently replicate a conceptual mistake committed by many anti-administrativists. This essay will rectify this mistake.