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LPE Originals

Economic Democracy at Work

Workers should have enough representation on corporate boards to influence major decision making. Questions of institutional design should not stand in the way of this common sense reform.

LPE Originals

When the Moral Economy Became a Political Economy

History shows that the standards by which societies judge economic activity change over time. As these moral frameworks evolve—or devolve—many of the changes make their way into law. For example, modern anti-trust law is grounded in the widely accepted belief that monopolies depress competition and growth and encourage unscrupulous behavior. However, in the sixteenth and…

LPE Originals

LPE Field Guide: A Brief Reading List

As we promised in our post on Monday, below is a list of recommended readings—mostly, but not entirely, from the blog—that helped orient us to the critical and constructive moves of LPE. Our choices are highly partial and subjective, and there is a vast literature on the Blog and elsewhere that can help to orient…

LPE Originals

Labor Bargaining and the “Common Good”

In recent years, unions have experimented with a strategy of “bargaining for the common good”. But, as we have seen with teachers unions and school opening in the pandemic, unions and the general public do not always agree on what the “public good” is. What follows?

LPE Originals

Coalminers and Coordination Rights

In the two decades before the Hepburn Act’s enactment, two entities vied for the right to coordinate the price and distribution of coal. The first—a group known as the Joint Conference of Miners and Operators of the Central Competitive Field—was the child of the United Mine Workers.The second—a group of coal-hauling railroads known as the Seaboard Coal Association—was the child of J. P. Morgan and the Pennsylvania Railroad. Understanding their struggle for power (and why capitalists rather than workers won), can help us better understand the stakes of antitrust.

LPE Originals

School Segregation, Social Closure, and the Anti-Monopoly Analogy

In my new article, Monopolizing Whiteness, I examine the causes and consequences of “white island districts,” i.e. those that enroll predominantly white and affluent student bodies, despite being in racially and economically diverse metropolitan areas. I theorize that white student segregation in districts like GPSD is a product of (what sociologists refer to as) social closure— a process of subordination whereby an in-group works to curtail an out-group from accessing resources constructed as scarce. I suggest that the “essential facilities” framework of antitrust law can help to illustrate what a legal framework looks like that could appropriately recognize and address the process and harms of social closure.

LPE Originals

What Makes the Republic Neoliberal?

This post is part of our symposium on The Neoliberal Republic by Antoine Vauchez and Pierre France. Read all posts here. Like many other new shiny things, it ended with disappointment.  Emmanuel Macron’s victory in 2017 was hailed as the advent of ‘le nouveau monde’ vis-à-vis the old political elites—a glimmer of hope in the…