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The Informal Governance of Global Capitalism
The Informal Governance of Global Capitalism

The Informal Governance of Global Capitalism

The marginalization of international law under the second Trump administration has been a shock to the post-Cold War world order. Yet the impact of this development on the global economy has been far from uniform. Some of the most important sectors to trade — including telecommunications and civil aviation — were already governed primarily through informal, political arrangements.

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The Shakedown

The overt gangsterfication of US foreign policy, formalized through the so-called “Board of Peace,” marks the culmination of a dangerous transformation in the nature of American hegemony.

Law & Political Economy, or Legal Theory & Capitalism?

What is this thing called capitalism? What, if anything, is the use of legal theory in understanding capitalist society? Is anything gained, or anything lost, if we replace the phrase “Law and Political Economy” with “Legal Theory and Capitalism”? Answers to these questions (and more!) in a hot new double issue of Law & Contemporary Problems.

Muskism as Fordism

Coined by a German economist in 1926, Fordism came to describe the dominant political-economic order of the mid-twentieth century. Could “Muskism” play a similar role in the twenty-first? How should we understand its distinctive regime of accumulation, and what kind of social contract does it propose?

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You Didn’t Earn That

When defending income inequality, high-earners often appeal to an old left-wing idea: that workers are entitled to the fruits of their labor and should be paid the value of their productive contribution. In complex economies, however, the size of any worker’s productive contribution depends on collective labor that the market systematically fails to. . .

Weekly Roundup: June 5

Richard Joyce assesses Mark Carney’s speech at Davos, while Sarah Schindler and Kellen Zale discuss the abundance agenda’s anti-tenancy blindspot. Plus, Tanzil Chowdhury on legislative supremacy in Great Britain, Aslı Bâli on the emerging world order, Sandeep Vaheesan and Claire Kelloway on the consolidation of the US food system, some straight. . .