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Remaking Law & Economics

What is new about the Law and Political Economy Movement

Bibliographic Data

ID17820249
AuthorsFelipe Manuel Figueroa Zimmermann (0000-0002-4944-306X, corresponding author)
Year2025
Volume16
Issue1
Pages10-34
Publication date2025-11-07
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueOñati Socio-legal Series (JOURNAL)
Journal identifiersISSN: 2079-5971 • E-ISSN: 2079-5971
PublisherOnati International Institute for the Sociology of Law (PUBLISHER • ES)
DOI10.35295/osls.iisl.2295
OpenAlexW4415986186
LanguageEN
Citations received1
References cited36

The Law and Political Economy (LPE) movement aims to challenge the dominance of the “Chicago approach” in Law and Economics and offer a political alternative to neoliberalism. To evaluate its prospects, we must clarify neoliberalism’s relationship to LPE’s intellectual lineage—Legal Realism and American Institutionalism—whose decline in U.S. academia coincided with the rise of the Chicago School and Public Choice Theory. These movements assimilated and redirected core insights of those earlier traditions. I argue that LPE must more fully reclaim its intellectual history to resist similar subversion. This is illustrated through the trajectory of a key idea shared by all of these traditions: that economic power is tantamount to political power. I conclude by proposing that this idea compels closer attention to what I call “modalities of power”—the mechanisms through which economic and political domination are intertwined

Core (optical fiber) · Dominance (genetics) · International political economy · Politics · Power (physics) · Realism · Comparative and International Law Studies · Judicial and Constitutional Studies · Legal Education and Practice Innovations

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Unique citing works1
Citations per year1
Citation span2026 - 2026 (1)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 1

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