Tag Archives: law

Corporate Governance — for the society and the environment

Our societies are all scarred by Milton Friedman’s creed that “the social responsibility of business is to increase its profits”; our economies are all wounded by corporations’ obsessive pursuit for short-term profit maximization; regrettably, we all pay the price of dodgy and excessive corporate … Continue reading

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Global Political Economy and Its Discontents: Power, Politics and Investment Treaties in Developing Countries

There is a widely accepted opinion among a general public, policy makers and economists that investment treaties between the West and developing countries greatly benefit the latter. But is this view correct? Well, for sure the story is far more complex than it seems. An interesting … Continue reading

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Neoliberalism and the political economy of corporate governance

Major corporate frauds and scandals since the early 2000s (e.g. WorldcCom, Enron, Arthur Andersen, Bear Stearns, Lehman Brothers) and the 2008 financial crisis have not just exposed the inherent destructiveness of the neoliberal economy and economics, but also turned the crucially important spotlight towards … Continue reading

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Law and labor in the American political economy

In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism in this respect to this day.  There are a number of … Continue reading

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What is academic freedom?

“The most important aspect of freedom of speech is freedom to learn. All education is a continuous dialogue — questions and answers that pursue every problem on the horizon. That is the essence of academic freedom, of all scientific inquiry.” … Continue reading

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History of Profit in the US: Corporations, Accounting and Capital

The case of The United Steel Workers of America v. The United States Steel Corporation (1980) concerned the closing of two steel mills. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long as they … Continue reading

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Why after three decades of economic reforms in Latin America labor laws remained rigidly protective and remarkably diverse?

Continuity Despite Change: The Politics of Labor Regulation in Latin America shows that after three decades of economic reforms labor laws have changed far less than many expected and remained both rigidly protective and remarkably diverse. Why? In this very … Continue reading

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“The Supranational Corporation: Beyond the Multinationals” shows how corporations flaunt laws and act as controlling powers beyond the legal national constraints

This book by Laura Westra  lays bare corporate actions both domestic and international, under the guise of legal “personhood” that has granted corporations increasing power. As a result, corporate decisions undermine and even nullify legal decisions made by governments designed … Continue reading

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Jean-Jacques ‪‎Rousseau‬: “The ‪rich‬ holds the ‪law‬ in his purse..” // “Le riche tient la loi dans sa bourse..”

Rousseau, Jean-Jacques. 1764. “La 9e Lettre écrite de la montagne.” Paris: Gallimard. (p. 287)

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“Seeing, Knowing, and Regulating Financial Markets: Moving the Cognitive Framework from the Economic to the Social”

This (open access) interesing and comprehensive paper by Julia Black (LSE), argues that in order to regulate financial markets, we need a more sophisticated and realistic cognitive framework through which to analyse markets’ dynamics and on which to base their ‪regulation‬. To that … Continue reading

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