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The Laws of the Market: A Response to Winant

Antitrust law is important not only for its potential in reforming our current economic system, but also analytically, because of law’s irreducible role in structuring economic competition and coordination. Contra any picture of markets operating via quasi-automatic mechanisms, the organization and operations of any market are as much a product of contingent rules as any law of nature.

In Defense of Theoretical Quietism

Sam Moyn has recently challenged what he sees as the “theoretical quietism” of LPE. Yet this resistance to high-altitude legal and social theory is entirely justified. The most productive theorizing, which involves contesting and clarifying the mid-level legal and economic concepts that have the most effect in the world, will occur a step below these abstract heights. It is here that LPE scholars should continue to focus their attention.

Root and Branch Reconstruction in Antitrust: A Symposium

Given the shortcomings of the prevailing antitrust framework, a growing chorus of voices is calling for a ground-up reconstruction of competition law and policy. But what would that look like? This symposium offers an affirmative vision of the new antitrust.