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LPE Originals

Presidents Are Strong, But Super-Groups Can Be Stronger

Is the power wielded by interests groups ultimately good or bad? To answer this question, we need to distinguish ordinary interest groups from super-groups, like the American Medical Association, whose legal empowerment makes them legitimate targets for democratic contestation and provides a principled basis on which to assess their political influence.

LPE Originals

What Does LPE Have to Say About Congress?

In recent years, the LPE movement has generated compelling positions on the limits of the courts and the promise of the administrative state. Yet it is striking how little it has had to say about about legislative procedure and politics. By focusing on how power can be durably built in Congress, LPE scholars could help envision democratic alternatives to our current institutional doom spiral.

LPE Originals

Did More Competition Make Meatpacking Fairer?

According to a common antimonopoly narrative, prior to the merger wave of the 1980s, antitrust enforcement kept the meatpacking industry competitive and relatively decentralized — a situation that enhanced farmers’ autonomy and bargaining power. Yet a closer look at the historical record reveals that this fierce midcentury competition also undermined the unionized labor force and New-Deal regulatory regimes that previously dispersed power. Correcting this narrative should encourage antimonopolists not to become too starry-eyed about “competition” as a market regulator.

LPE Originals

How Should Democrats Respond to the “Migrant Crisis”?

In the wake of their recent defeat, Democrats’ natural tendency will be to concede the issue of immigration to Republicans and embrace cruelty-lite versions of their opponents’ positions — a strategy that is bound to fail. Instead, Democrats need to offer their own agenda for immigration and internal migration. To do so, they should look to institutional experiments from a forgotten past.

LPE Originals

The Political Economy of the Urban-Rural Divide

Though the urban-rural divide can sometimes appear like a primordial fault line in American political life, it is a relatively recent development. The Democratic Party’s collapse in the countryside was the predictable consequence of decisions to prioritize certain constituencies to the neglect of others, as it championed the shift to the metropolitan knowledge economy.

LPE Originals

Have You Heard the Good News About Consumer Protection?

Recent years have witnessed a sea change in consumer protection, ushered in by a new generation of enforcers who reject many of the basic premises from the neoliberal era. They aim not merely to ensure that consumers have the information necessary to discipline firms through choice, but to prevent businesses from using their power to shape markets in ways that take advantage of consumers.

LPE Originals

After Chevron: Political Economy and the Future of the Administrative State

The Supreme Court’s recent administrative law decisions represent a fundamental shift in both political and economic power. In response, we must not settle for simply restoring the status quo ante. Instead, the task for an LPE approach to the administrative state requires answering a more foundational question: what would effective, equitable, and democratic governance look like?

LPE Originals

The Insurance Industry Is Not the Victim

The rapidly worsening home insurance crisis is often understood as primarily a problem for insurers. Yet the overarching policy question should not be, “how do we save the home insurance industry from collapsing?” but rather, “what role should insurance markets play in the broader suite of policies to keep people safely housed?”

LPE Originals

Can Personal Debt Mobilize Voters?

While recent conventional wisdom has held that it is futile to organize voters around debt relief, a longer view reveals that there is nothing inevitable about the lack of debtor mobilization. Through the nineteenth and into the twentieth centuries, debtors repeatedly demanded protection in times of economic distress — a history that contains important lessons for our present moment.

LPE Originals

How Environmental Law Created a World Awash in Toxic Chemicals

Of the estimated 350,000 chemicals now on the global market, only a handful have been properly tested. And as the looming crises with forever chemicals and micro-plastics make clear, we are only just beginning to grasp the enormous toll that these novel entities are taking on human health. How did our environmental law allow this to happen? And what can be done to correct it?

LPE Originals

Can Subsidies Discipline Capital?

The Biden Administration’s recent foray into industrial policy relies heavily on voluntary inducements to push firms to invest in renewable energy technology and domestic manufacturing. Some observers argue that this approach, commonly known as “derisking,” will yield paltry results: firms will pursue the same priorities they would have absent the legislation, just with a better financial return. Yet subsidies do not only alleviate risk; they also impose a new risk of falling behind competitors, and so mold the landscape of profitability into a disciplinary force itself.