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LPE Originals

The Bourgeois Internationale, Part I

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Mutant Neoliberalism is an excellent collection of essays canvassing what editors William Callison and Zachary Manfredi rightly diagnose as the changing face of neoliberalism – really, the multiplicity of national, transnational and post-national neoliberalisms – evolving in the aftermath of the 2007-2008 financial crisis. Instead of a mortal wounding, the crisis generated the paradox, as several authors in the collection note, that neoliberalism’s failures led to more, not less, neoliberalism.
LPE Originals

LPE on COVID-19 (vol. 5)

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Dear Readers,  Today we’re bringing you a special Saturday edition of our ongoing covid-19 series. Take care, LPE Blog Your first stop after reading this post should be here, to listen to Amy Kapczynski and Gregg Gonsalves on The Dig podcast. They talk about how to survive this plague – the politics of public health and…
LPE Originals

Money in Context: Part 2

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This is the second post on ‘Money in Context.’ You can read the first post here.  The observation with which I closed Part 1 implicates a challenge – or perhaps better put, it extends an invitation. In light of the inherently infrastructural role played by payment systems and their associated monies in any ‘exchange economy’…
LPE Originals

Money in Context: Part 1

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This is the first of two posts on Money in Context. Read Part II here.  We’ve all heard the adage. ‘Time is money.’ The utterer usually means that time can be spent earning money, so that to ‘waste time’ is to incur a pecuniary opportunity cost. But there’s another sense in which money is time – or…
LPE Originals

The Truth about Buybacks

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People claim to be worried about stock buybacks. In fact, the buybacks are a stand-in for what we can all see: business in this country works for wealthy shareholders, not workers, customers, or communities.
LPE Originals

Enriching the Narrative Economics of Public Options

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Inspired by Anne Alstott & Ganesh Sitaraman’s The Public Option, this post suggests that it is time to tell new stories about the nature and purpose of economic institutions, and that infrastructural investments should be put to work to ensure there is a world we can retire into.

LPE Originals

Tracking Extraction

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If “law and political economy” examines the role of law in constituting and regulating marketcraft and statecraft, one way of “doing” LPE is to look for the role of law in managing the processes by which capitalists extract value from activity putatively outside “the economy.”
LPE Originals

How Finance Structures Global Value Chains

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NB: This post is part of a symposium on law and global value chains co-convened with the Institute for Global Law and Policy’s Law and Global Production Working Group. The Law-in-Global-Value-Chains perspective adopted in the Research Manifesto and introduced the initial blog of this series is based on the recognition that law is endogenous to…
LPE Originals

On Law and Value

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NB: This post is part of a symposium on law and global value chains co-convened with the Institute for Global Law and Policy’s Law and Global Production Working Group. We are witnessing a new moment in economic development: what Richard Baldwin calls the global value chain (GVC) revolution. As our symposium suggests, critical legal realist…
LPE Originals

Cracking the Code of Global Value Chains

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NB: This post is part of a symposium on law and global value chains co-convened with the Institute for Global Law and Policy’s Law and Global Production Working Group. Global Value Chains (GVCs) form a backbone of our global economy that eludes easy characterization. In media or policy reports, corporate brochures or academic publications, the…
LPE Originals

Global Value Chains as a Legal Concept

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NB: This post is part of a symposium on law and global value chains co-convened with the Institute for Global Law and Policy’s Law and Global Production Working Group. In the first blog post of this symposium Dan Danielsen and Jennifer Bair argue that law can open up a window into understanding global political economy,…