Skip to content

LPE Blog

The Politics of Capitalist Legitimacy

At the core of Jason Jackson’s Traders, Speculators, and Captains of Industry is a longstanding conversation among Indian modernizers about how to identify and nurture the ‘right’ kind of capitalists. Yet this is not just an Indian story. Struggles over “good” and “bad” businessmen have structured political life in all capitalist societies,. . .

Weekly Roundup: March 6

Veena Dubal and Aziza Ahmed on how feminists transformed the law and science of AIDS, Luke Herrine on market governance in Trumpworld, and Aditya Balasubramanian on the misnomer of modern Indian capital. Plus, a new special issue on Law & Economics vs. Law & Political Economy, Shahrzad Shams and Todd N. Tucker make the progressive case for court. . .

Modern(izing) Indian Capital?

Jason Jackson’s erudite Traders, Speculators, and Captains of Industry shows that, for more than a century, Indian firms labeled as “traditional” capital faced policy hostility, while those considered “modern” were more likely to receive favorable government treatment. Yet how should we understand the modernity of so-called “modern Indian. . .

Market Governance in Trumpworld

Over the past year, the much-touted right-wing embrace of anti-monopolism has been reduced to a distant memory. What has emerged instead is a personalist form of market governance, where regulatory authority persists only insofar as it serves the ambitions of political insiders.

Weekly Roundup: Feb 27

Sophina Clark on work-spreading as a non-reformist reform, Jason Jackson on the moral orders of capitalist legitimacy, and Amy Cohen on a potential post-moral turn in American capitalism. Plus, Lenore Palladino shines a slight on unregulated private capital, Lev Menand and Joel Michaels dismiss Trump’s latest tariff gambit, Beatrice Adler-Bolton speaks. . .

Capital Without Moral Cover?

Jason Jackson’s Traders, Speculators, and Captains of Industry argues that capitalist societies develop a moral hierarchy of market actors, enabling certain firms to position their interests as good for society and thus deserving of regulatory protection. Though focused on India, the book also invites reflection on the recent return of. . .

Moral Orders of Capitalist Legitimacy

In today’s seemingly deglobalizing economy, policymakers across the world are in a quandary over how to regulate foreign firms. Should policymakers prevent foreign firms from attaining dominant market positions in order to prop up domestic industry? Or should they permit foreign firms to establish ownership and control of domestic markets in the hope. . .

Regulating Hours, Dismantling Work

In recent decades, work hours have sharply diverged: high-wage workers are logging more time on the job, while low-wage workers face shrinking hours. Rather than trying to fix this imbalance by creating more work, policymakers should redistribute work through stronger overtime protections and a shorter workweek. Yet for this approach to succeed, highly paid. . .

Weekly Roundup: Feb 20

Victor Pickard on the American media polycrisis and Mariana Pargendler on Brazil’s forgotten legal innovation. Plus, a fellowship in constitutional law and history, a new report on workplace democracy, an interview with Ahilan Arulanantham on third-country removals, Ivana Isailović on the Serbian student protests, Ilias Alami, Tom Chodor, and Jack Taggart. . .

The American Media Polycrisis: Cascading Layers of Capture

In countries facing democratic backsliding, attention often centers on state capture of the press. Recent U.S. media failures, however, demand a wider lens. Authoritarian encroachment here rests on deeper layers of capitalist and oligarchic capture. Understanding how these different layers interact and reinforce one another is a necessary first step toward. . .

Weekly Roundup: Feb 13

Vincent Joralemon on the flawed legal architecture behind drug pricing, Eamon Coburn on the anti-worker character of “no taxes on overtime,” and Emmanuel Mauleón on the gradual erosion of law preceding recent events in Minnesota. Plus, a cool new paper from Laura Portuondo, Amna Akbar on what’s happening in South Minneapolis, JW Mason. . .