02 September 2020
The Choice of Paradigms in Political Economy: A Primer for Lawyers
What comes after neoliberalism? And why does this matter to lawyers? The backdrop for these questions is Duncan Kennedy’s portrayal of three paradigms of legal thinking, which successively gained influence across the globe. The first was classical legal thought, which rose to prominence in the second half of the 19th century and matched ideas of economic liberalism and laissez-faire. The second was socially oriented legal thought, which developed from the beginning of the 20th century and conceived of law as a regulatory instrument to advance social reforms. The third paradigm, which emerged in the second half of the 20th century, is referred to as neoformalism and could be termed neoliberalism as well, reflecting the related turn in economic thinking, law and policy-making. Continue reading >>
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