Law and political economy

Michael Wilkinson and Hjalte Lokdam

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: ‘Law and Political Economy’ surveys recent approaches to the study of phenomena at the intersection of law, politics and the economy. These take an interdisciplinary perspective, viewing markets as fields of social power that are not spontaneous but created and reproduced in the meeting of legal norms, political action and economic activity. Through regulating economic relationships, the politico-legal order constitutes and reconstitutes the power relations that make up society. This, in turn, is driven by the formation of class, sectoral and geopolitical interests, as well as ideological convictions, which harness political and legal authority. We present these inter-related processes through exploring contemporary debates on inequality, inter-personal market relations, the relation between the state and market, and the effects of economic integration and globalisation on democracy and political self- determination.

JEL-codes: J1 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2018-04-06
New Economics Papers: this item is included in nep-law and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:87544

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