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LPE Originals

How Terrorism Torts Could Challenge Israeli Settler Violence

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Since the early 1990s, the United States has created a scheme of laws allowing private parties to sue individuals, organizations, and foreign countries for acts of terrorism in U.S. courts. While these laws have primarily been used to target and harass Palestinians, the recent spate of violence by Israeli settlers in the West Bank presents a potential if unexpected opportunity: to turn the tables on terrorism torts.

LPE Originals

Why Should Tenant Unions Look to Labor Law?

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With tenant organizing on the rise across the United States, legal scholars have been drawn to the idea that tenant unions, backed by the right legislative framework, could serve a function akin to labor unions. But labor and tenancy serve different functions for capitalism. Housing is a commodity that tenants consume rather than produce, so tenants would be better served by universal protections, such as price controls and possessory rights, than by the right to good faith negotiation.
LPE Originals

Does LPE Need Theory?

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Are we liberals or low-key Marxists? What is our theory of the “capitalism” that we so often attack? And above all, how do we understand the role of law in the making and unmaking of social order? Sam Moyn kicks off a new year at the Blog by asking whether the Law and Political Economy movement needs deeper theoretical foundations than it has so far been willing to articulate.
LPE Originals

Two Fallacies of Democratic Design

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LPE scholars and fellow travelers often call for a more democratic organization of power in our society. However, in specifying what this entails at the level of institutions, proposals commonly rely on two widespread but mistaken assumptions – the idea that more participation is necessarily more democratic, and the idea that democratizing decision-making within firms, political parties, and other mid-level institutions will enhance the quality of democracy in society at large.
LPE Originals

Jackson, Mississippi, and the Contested Boundaries of Self-Governance

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This past year, Jackson has been the site of two separate yet related crises: a failed water system that has left approximately 150,000 residents without access to safe drinking water, and the takeover of the city’s police and court functions by white officials in the state government. Assessed together, these two episodes offer lessons about the challenges of local self-governance in a country awash with material inequality and the importance of pursuing political equality across as well as within jurisdictions.
LPE Originals

Brandeis in Brussels: What American Reformers Can Learn from the European Union

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Neo-Brandeisian and other legal scholars generally associate Brandeis with America’s own anti-monopoly traditions. Yet Brandeis himself drew inspiration from developments unfolding across the Atlantic, and in contrast to Postwar America, where many of his institutional insights were eventually abandoned, the European competition regime has gradually gravitated toward an increasingly Brandeisian approach.
LPE Originals

Toward Prefigurative Lawyering

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Our current moment, filled with peril for all but those with extreme wealth, is one that calls for radical experimentation with utopian institutional and social forms – what are sometimes referred to as “prefigurative” projects. Yet legal education and dominant legal practices tend to constrain the imaginative capacities necessary for such projects. To overcome these constraints, lawyers and law students must learn to engage in shared social analysis with movement partners.
LPE Originals

A Wagner Act for Tenant Unions

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One often overlooked reason for the current rental housing crisis is the imbalance in bargaining power between landlords and tenants. To address this imbalance, Duncan Kennedy, Karl Klare, and Michael Turk argue that we must empower tenant organizing and sketch the architecture of a legislative package that would entitle tenants to organize into unions with specified rights, powers, and protections against retaliation.
LPE Originals

The Origins of the Nonprofit Industrial Complex

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Despite receiving more revenue from the U.S. government than from private donors, the nonprofit sector is often cast as an independent realm that stands apart from both state and market. This picture is not merely misleading, but dangerous, as it naturalizes the idea that the needs of certain citizens are best met by private supplement, rather than by more expansive, more equal government provision.
LPE Originals

Tax Policy for a Climate in Crisis

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How can a Law and Political Economy approach guide the power of taxation toward democracy, justice, and a livable planet? As a start, it can help us understand that tax policy involves not only the power to redistribute market earnings, but also the power to transform market governance.
LPE Originals

Who Is Risk Taking For? Banking in the Shadow of SVB

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Silicon Valley Bank failed, in part, because it parked its cash in long-term U.S. government bonds. But why were Treasuries so attractive in the first place? One reason is that regulators assign the lowest possible risk-weight to U.S. government bonds. This favorable weighting does not, however, reflect a neutral assessment of actuarial risk. Rather, it reflects a policy choice to encourage banks to hold government debt. More broadly, risk-weights have long deviated from assessments of actuarial risks to encourage (or discourage) lending to particular sectors.
LPE Originals

Rewiring Regulatory Review

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Last month, the Biden Administration released a long-awaited overhaul of the regulatory review process. Although these changes are aimed at a highly technical and behind-the-scenes process, their importance is hard to overstate. From lowering the social discount rate, to providing a method for income weighting, to incorporating hard-to-quantify impacts into agency decision-making, these revisions will affect government policymaking across nearly every domain. They also signal overdue recognition that an inclusive political economy requires a transformation not just in the substance of public policy, but also in its process, in the machinery of how policy is designed, analyzed, coordinated, and ultimately made impactful.
LPE Originals

Defendants, United, Could Strike the State Blindsided

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The American penal system is astonishingly vulnerable to the threat of defendant collective action. The reason is simple: the system is massively overleveraged. Major city court systems, which only have the capacity to bring to trial about 3 percent of the cases they handle, are dependent on plea bargaining to remain minimally functional. If even a tiny percentage of defendants banded together and refused to plead guilty, they would bring the administration of criminal justice to a grinding halt. What might such a plea strike look like? And should such a tactic be attempted?