This post is part of our symposium on The Neoliberal Republic by Antoine Vauchez and Pierre France. Read all posts here. Here is a simple story. France, whose economy was largely in state hands, decides to privatize many state-owned enterprises. This move is inspired both by neoliberal theories promoting the superior economic benefits of markets…
This post is part of our symposium on The Neoliberal Republic by Antoine Vauchez and Pierre France. Read all posts here. For most scholars and commentators in France and abroad, the election of Emmanuel Macron as president was met with surprise and dismay. The rapid ascent to the apex of power of a thirty-nine-year-old technocrat…
Embracing the terms “economy” and “political economy,” as LPE has done, risks invoking just the kind of separate, reified realm that we are trying to critique. In our view, defining “the economy,” and studying how legal institutions have done so, should be central issues that LPE scholarship aims to address.
The last few decades have been characterized by the return of market fundamentalism: the belief that society can and should be organized through the institutional mechanism of “self-regulating markets.” Many expected that the 2008 financial crisis might constitute a blow to pervasive market expansion and a check on global dominance of private corporations. Not so.…
What drives free-market family policy is a fundamentally wrongheaded view about the economy and the ends it should serve. US policymakers equate the economy with markets alone, and then treat rising GDP as the sum total of economic success. But the economic system, properly conceived, is, simply yet more broadly, the system for getting people the resources they need to flourish—material, caretaking, educational, and leisure—individually and collectively. (This is the first post in a symposium.)
As law and political economy scholars take aim at the deficiencies of dominant modes of legal thought and chart a path for law to promote a more just and egalitarian society, they must also attend to the role of algorithmic systems and algorithmic thought in shaping political imaginations. By the same token, computer and information scientists interested in computation’s role in social reforms would do well to learn from the critiques and proposals of the LPE community.
As critiques of the centrality of neoliberal economic logic gain traction, we must take care that such work does not simply clear the path for an emerging hegemony of neoliberal computational logic. Instead, we must be attentive to proponents of the epistemic and political dominance of computational mechanisms, and we must critique them on similar grounds and with similar urgency.
In a recently published article, we use the case of agricultural market liberalization in India to explore what we see as a counter-intuitive aspect of neoliberal governance: that paradoxically, states may desire particular kinds of markets – and hence market actors – to strengthen their political control.
In part two of this series, Susan Dianne Brophy interviews Anastasia Tataryn. Continuing their discussion on how law and markets intersect to produce subjects, and ways to rethink subjectivity in scholarship.
In part one of this series, Anastasia Tataryn interviews Susan Brophy regarding the importance of rethinking productivity, subjectivity, and value.
The received narrative of free-market Hong Kong was indeed too good to be true, but it remains a necessary fantasy for advocates of neoliberal transformation.
Learned Hand once described the task of the Federal Trade Commission as “discover[ing] and mak[ing] explicit those unexpressed standards of fair dealing which the conscience of the community may progressively develop.” In a previous post, I argued that moving consumer protection law beyond consumer sovereignty requires recovering this way of thinking, common among Progressives and…
As other contributors to this symposium have noted, Mutant Neoliberalism effectively illustrates that neoliberalism cannot be reduced to neoclassical economics or the Washington Consensus, but instead must be understood as a constantly mutating cultural and political formation. What I want to address in this piece is the methodological lessons this volume offers those working in LPE.
There is a tension at the heart of the neoliberal state, between the ambition to install the market as a legally-mandated universal norm, and the ambition to nurture the most innovative, competitive and powerful firms and territories.
In an interview, Michel Foucault said that when “actually existing” socialism was put in scare quotes, as if it were not exactly “real,” the only thing the scare quotes revealed was the strength of an abstract ideal that theorists invariably used as a measuring stick to evaluate, and theoretically marginalize, whatever was actually happening on the ground. What if we were to apply such an ironic qualification to neoliberalism?
