 Law and economicsDina I. Waked Chapter 16 in Research Handbook on Third World Approaches to International Law (TWAIL), 2025, pp 182-194 from Edward Elgar Publishing Abstract: Abstract This chapter explores critiques to mainstream law and economics (L&E) inspired by TWAIL. It draws upon critiques of international economic law and global capitalism to show how L&E, as a movement and method, has continued through pretentions of neutrality, scientificity and objectivity, Western economic domination. The critiques highlight the subjective nature of the L&E method and its marginalization of social factors and class struggles. It examines how L&E as a normative project has universalized neoclassical economic principles based on Western-centric values and social structures, reinforcing economism's pursuit of efficiency, as the dominant ideology. It shows how this entrenches imperialist domination, capitalist exploitation, furthers inequality, and legitimates systemic biases. The focus of the critique is on notions of legal and resource endowments, market ideals, sacredness of property, and freedom of contract. The critiques tap into the TWAIL architecture to explore alternatives to the mainstream as forms of resistance. Keywords: Critiques of law and economics; International economic law; Global capitalism; Universality; Exploitation; Coercion (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:18982_16 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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