Regulatory Interface

Abstract

Employing Polanyi's 'double movement' analysis the paper speculates on the role of law as a governance theme, in a contemporary market climate where legal agency, in many areas of property arrangements, is losing its capacity to commodify property, and to protect the wealth value of property rights. If the neoliberal economic governance potential of law and legal agency is now becoming devalued against new understandings of property access in the 'market/social' what challenges exist for law as a governance theme in engaging with rather than resisting this inevitable transition in collective conscience?

Keywords: Commodification, Legal Agency, Polanyi

JEL Classification: K20