New Economic Thinking | The Tool Kit | The Laws of Capitalism Episode 4 @NewEconomicThinking | Uploaded November 2022 | Updated October 2024, 12 hours ago.
The law is not always handed down from above, but often emerges from below, sometimes outside the courts.
Private owners of capital can harness the centralized means of coercion (like litigating in State courts) to make their rights effective. But it can also be pursued in a more decentralized fashion, with parties picking the law and the forum. Prof. Pistor surveys the various venues where legal claims are pursued, but also where law is constructed. The law and legal institutions are not static, but evolve and expand by an incremental process, usually driven by interested parties. It need not be by legislation - they can change the meaning of a law by renegotiating its interpretation and application.
Learn more at lawsofcapitalism.org
The law is not always handed down from above, but often emerges from below, sometimes outside the courts.
Private owners of capital can harness the centralized means of coercion (like litigating in State courts) to make their rights effective. But it can also be pursued in a more decentralized fashion, with parties picking the law and the forum. Prof. Pistor surveys the various venues where legal claims are pursued, but also where law is constructed. The law and legal institutions are not static, but evolve and expand by an incremental process, usually driven by interested parties. It need not be by legislation - they can change the meaning of a law by renegotiating its interpretation and application.
Learn more at lawsofcapitalism.org
![Planetary Boundaries - [ECO]NOMICS Part 3](https://i.ytimg.com/vi/nnEU3RVvsBM/hqdefault.jpg "Planetary Boundaries - [ECO]NOMICS Part 3
Mainstream economics ignores the impact of economic activity on the natural environment. Ecological economics recognizes that the human economy exists in a larger planetary system, and that destroying the natural environment will affect future well-being.
In [ECO]NOMICS part 3, Professor Schor shows how human economic activity has exceeded the reproductive or sustainable capacity of the planet over the past half-century. Ecosystems have been worn down by deforestation, destruction of species, depletion of material reserves and destabilization of the climate. Humans are destroying these ecosystems at a dizzying, unsustainable and accelerating rate. Capitalism has certain features - most notably pressure to grow - that make a change of trajectory all but impossible in this context. Conventional economic policies are lured by the hope they can still maintain economic growth while simultaneously reducing carbon emissions. But Professor Schor shows how decoupling growth from emissions is a mirage. Wealthy countries cannot grow their way to sustainability. We need to enact structural changes and consider alternative approaches that reduce climate disruption and improve well-being.
Part 4 will be available May 18, 2022
Learn more at https://www.ineteconomics.org/perspectives/videos/eco-nomics
Credits: Juliet Schor, Matthew Kulvicki, Nick Alpha, Gonçalo Fonseca, Kurt Semm")
![[ECO]NOMICS | Trailer](https://i.ytimg.com/vi/oYV2rWE1Zd0/hqdefault.jpg "[ECO]NOMICS | Trailer
Climate change is already here. Governments have failed to curb carbon emissions and are continuing to subsidize fossil fuel production. This is not happenstance, nor is it an accident. Those who have most to gain from polluting and destroying the climate have the power to do so, while those most at risk have the least power to stop it. Economists have been central to this failure to respond to the crisis, and their approach has undermined action.
In this four-part series, Professor Juliet Schor (@bostoncollege) guides us through the economics of climate change.
Learn more at https://www.ineteconomics.org/perspectives/videos/eco-nomics
Credits: Juliet Schor, Matthew Kulvicki, Nick Alpha, Gonçalo Fonseca, Kurt Semm")
