The Progressive Assault on Laissez Faire: Robert Hale and the First Law and Economics Movement

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Fried, Barbara H.. 2001. The Progressive Assault on Laissez Faire: Robert Hale and the First Law and Economics Movement. Harvard University Press.

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Description

The first, full-length study of Hale's work, which showed that "private", unregulated economic relations were in fact determined by a state imposed regime of property and contract rights which were hard to square with common-sense notions of social justice.

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On Piketty's Capital: What Is Wealth? [More...]
"For Piketty, wealth and capital are ultimately socially constructed categories. [...] The pioneer of this legal constructivist account of market valuation was legal realist Robert Hale. [...] Laws do not just affect valuation of assets. Laws are the very core of asset values."

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