Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 5 of 5
Full-Text Articles in Law
The Will To Chaos And Disorder: The Behemoth As A Model Of Political Economy, Bernard E. Harcourt
The Will To Chaos And Disorder: The Behemoth As A Model Of Political Economy, Bernard E. Harcourt
Faculty Scholarship
The history of political economy is tormented by beasts. The most famous is the Leviathan, the giant serpentine monster that figures in Hobbes’s masterpiece of modern political theory. Robert Fredona and Sophus Reinert spotlight another sea monster, the Kraken, that giant octopus or squid with a particular morphology (i.e., its tentacles) that so fittingly describes the grip of multinational corporations, stateless financial capital, social media, and tech giants today. But there are still other monsters in the bestiary of political economy. In this essay, I highlight the Behemoth, a land monster that captures another critical dimension of political economy: the …
Red White And Blue – And Also Green: How Energy Policy Can Protect Both National Security And The Environment, David M. Schizer
Red White And Blue – And Also Green: How Energy Policy Can Protect Both National Security And The Environment, David M. Schizer
Faculty Scholarship
Too often, energy policy protects the environment while neglecting national security, or vice versa. Since each goal is critical, this Article shows how to advance both at the same time.
For national security, the key is to avoid depending on the wrong suppliers. If they are vulnerable to attack (like some Middle Eastern producers), they need to be defended. Or, if they are themselves geopolitical threats (like Russia and Iran), their energy exports fund harmful conduct. This Article breaks new ground in showing why suppliers tend to be insecure or menacing: authoritarian regimes — which are more likely to pose …
How Law Made Neoliberalism, Jedediah S. Purdy, Amy Kapczynski, David Singh Grewal
How Law Made Neoliberalism, Jedediah S. Purdy, Amy Kapczynski, David Singh Grewal
Faculty Scholarship
We live in an era of intersecting crises-some new, some old but newly visible. At the time of writing, the COVID-19 pandemic has already caused nearly 500,000 deaths in the United States alone, with many more deaths on the horizon in the coming months. Since its arrival in the United States, the virus has intersected with and magnified long-neglected problems-radical disparities in access to healthcare and the fulfillment of basic needs that disproportionately impact communities of color and working-class Americans, alongside a crisis of care for the young, elderly, and sick that stretches families and communities to the breaking point
Sovereign Wealth Funds And Global Finance, Katharina Pistor
Sovereign Wealth Funds And Global Finance, Katharina Pistor
Faculty Scholarship
This chapter focuses on a number of specific sovereign wealth funds (SWFs) whose portfolios indicate strong interests in finance both in their home countries and abroad. It first reviews empirical evidence that shows SWFs having been major investors in Western financial intermediaries for decades. It then considers the organization and governance of SWFs, with particular emphasis on the three main schools of thought as well as the predictions one can derive from them vis-à-vis the behavior of individual actors in the global financial network: economic theories, economic sociology, and political economy. It also presents case studies that “test” these theories …
Markets And Morality, Jagdish N. Bhagwati
Markets And Morality, Jagdish N. Bhagwati
Faculty Scholarship
The paper addresses two issues. First, economics has evolved both as a positive science and, from moral philosophy, also as a normative discipline. Advancing the public good requires that public policy walk on both these legs. Second, the criticism has been forcefully made that markets undermine morality. This contention is refuted in several ways.