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Zoe Adams, "The Legal Concept of Work" (Oxford UP, 2022)

New Books in Economics

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The Relationship Between Law and Capitalism

Law as a form of social regulation is inherent in capitalism. It's only possible if people are systematically excluded from the means of production, he says. That exclusion brings into being market mediation so generalised wage dependence but also generalised exchange. People need to see themselves and others as equally free to engage in exchange free from coercion - that's why prices can coordinate behaviour.

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