Piercing the Monetary Veil – LPE Project https://lpeproject.org The Law and Political Economy Project Mon, 10 Oct 2022 00:08:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://lpeproject.org/wp-content/uploads/2020/08/cropped-LPE_Favicon_512px_BlackBG-450x450.png Piercing the Monetary Veil – LPE Project https://lpeproject.org 32 32 Money & Memory, Capital & Communion https://lpeproject.org/blog/money-memory-capital-communion/ Thu, 23 May 2019 10:00:06 +0000 https://lpeproject.org/?p=2425 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Imagine that I incur an obligation to you – an ‘affirmative’ obligation, let’s say. Perhaps it’s through violating some ‘negative’ obligation to you, wronging you in a manner that triggers a right to redress. Perhaps it’s through promising you something. Perhaps it’s through membership in...

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]]> Predatory Lending and the Predator State https://lpeproject.org/blog/predatory-lending-and-the-predator-state/ Wed, 22 May 2019 10:00:50 +0000 https://lpeproject.org/?p=2417 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Like most advocates of Modern Monetary Theory (MMT), I didn’t embrace the paradigm because I dig late-night chats about accounting identities. Rather, I found it while pursuing economic justice (following the lead of Angela Harris, Emma Coleman Jordan, and other allies). Today...

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]]> Reclaiming Public Fiscal Power for Transforming Precarity https://lpeproject.org/blog/reclaiming-public-fiscal-power-for-transforming-precarity/ Mon, 20 May 2019 10:00:35 +0000 https://lpeproject.org/?p=2408 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Basic legal ideas about taxation stand in the way of proposals for ambitious fiscal policies to address pervasive economic insecurity among both middle class and lower income households. The conventional legal framework posits two primary functions for taxation. First, taxes raise revenue to...

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]]> Financial Regulation and Social Reproduction https://lpeproject.org/blog/financial-regulation-and-social-reproduction/ Fri, 17 May 2019 10:30:11 +0000 https://lpeproject.org/?p=2279 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Even amongst critical scholars, there is a tendency to treat international regulation of money and finance as “strictly economic”, distinct from the “social” domains of labor, the environment, and socio-economic rights. This conceptual separation cedes the realm of finance to the “neutral”...

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]]> Money and Property https://lpeproject.org/blog/money-and-property/ Thu, 16 May 2019 10:00:57 +0000 https://lpeproject.org/?p=2365 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Money and property law are mutually constitutive. Property rights are defined and valued in terms of their relationship to monetary instruments, while whether something counts as a monetary instrument for this or that purpose is itself a result of bundling property rights a certain way.

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]]> The Legal Construction of Value https://lpeproject.org/blog/money-and-the-legal-construction-of-value/ Wed, 15 May 2019 10:00:44 +0000 https://lpeproject.org/?p=2374 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Legal realists and their heirs made it into a truism: law is constantly entangled in value judgment. The statement is typically aimed at undermining one sense of the claim that law and legal judgment are or even could be neutral, value-free. But that is no the full extent of the realist...

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]]> Money as a Constitutional Medium https://lpeproject.org/blog/all-debts-public-and-private/ Tue, 14 May 2019 10:00:29 +0000 https://lpeproject.org/?p=2338 This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. In 2017, the Federal Reserve Bank of New York published a comic book on the origins of money. The story, called “Once Upon a Dime,” unspools sweetly. Far far away, on the planet Novus, a community of good-willed humanoids live together, trading what they have for what they need – mustard for...

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]]> Piercing the Monetary Veil https://lpeproject.org/blog/piercing-the-monetary-veil/ Mon, 13 May 2019 10:30:54 +0000 https://lpeproject.org/?p=2361 NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Luke Herrine — This blog has already hosted several examples of re-thinkings of the nature of money and its relationship to law and power, most recently in a symposium on LPE Contributor Mehrsa Baradaran’s book on money and Black capitalism. This may seem like a niche project that those...

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