Contribution to the online symposium on Poul F. Kjær (ed), The Law of Political Economy: Transformations in the Function of Law (CUP 2020) Frerichs, Sabine Author aut Text xx# 2020 Verfassungsblog 2020-09-02 eng

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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. CC BY-NC-ND 4.0 Frerichs, Sabine funded by the government Functions of Law neoliberalism Political Economy 342 https://staging.verfassungsblog.de/the-choice-of-paradigms-in-political-economy-a-primer-for-lawyers/ 2366-7044 Max Steinbeis Verfassungsblog gGmbH 10.17176/20200902-183331-0 200902 10.17176/20200902-183331-0 Converted from MARCXML to MODS version 3.7 using MARC21slim2MODS3-7.xsl (Revision 1.140 20200717)