A Radical Legal Ideology Nurtured Our Era of Economic Inequality

Where does economic power come from? Does it exist independently of the law? It seems obvious, even undeniable, that the answer is no. Law creates, defines and enforces property rights. Law enforces private contracts. It charters corporations and shields investors from liability. Law declares illegal certain contracts of economic cooperation between separate individuals – which[…]

Get Thee to a Phalanstery: or, How Fourier Can Still Teach Us to Make Lemonade

Hot on the heels of the French revolution — by way of extravagant orgies, obscure taxonomies, and lemonade seas — Charles Fourier offered up his blueprint for a socialist utopia, and in the process also one of the most influential early critiques of capitalism. This explores Fourier’s radical, bizarre, and often astonishingly modern ideas, and[…]

Rich and Poor: Economic Thought from Thomas Aquinas to John Locke and Adam Smith

Starting with the medieval poor/rich-topics in the Aquinian tradition of the theological economy of charity, following a relatively unknown line of thought. Introduction In pre-classical economics, division of income was traditionally represented as an antithesis of rich and poor. Specific income classes were only defined in “classical” economics: landed property owners drew rents, capital investors[…]