1st Edition

Constitutions of Value Law, Governance, and Political Ecology

Edited By Isabel Feichtner, Geoff Gordon Copyright 2023
    348 Pages 3 B/W Illustrations
    by Routledge

    Gathering an interdisciplinary range of cutting-edge scholars, this book addresses legal constitutions of value.

    Global value production and transnational value practices that rely on exploitation and extraction have left us with toxic commons and a damaged planet. Against this situation, the book examines law’s fundamental role in institutions of value production and valuation. Utilizing pathbreaking theoretical approaches, it problematizes mainstream efforts to redeem institutions of value production by recoupling them with progressive values. Aiming beyond radical critique, the book opens up the possibility of imagining and enacting new and different value practices.

    This wide-ranging and accessible book will appeal to international lawyers, socio-legal scholars, those working at the intersections of law and economy and others, in politics, economics, environmental studies and elsewhere, who are concerned with rethinking our current ideas of what has value, what does not, and whether and how value may be revalued.

    The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

    1. Constitutions of Value: An Introduction to the Symposium

    Isabel Feichtner and Geoff Gordon

    2. The Constitution of Non-Monetary Surplus Values

    Gunther Teubner

    3. Against Value(s): Marx, Wertkritik and the Illusions of State, Politics and Law

    Klaus Kempter

    4. Real (E)State: Valuing a Nation under Imperial Rentier Capitalism

    Christine Schwöbel-Patel

    5. Paris is Burning: A Cautionary Tale About the Politics of Value

    Clair Quentin

    6. Capitalism, the Constitutional Theory of the Firm, and Value Production: Investment and Labor Market Precarity

    Jamee K. Moudud

    7. The Key to Value: The Debate over Commensurability in Neoclassical and Credit Approaches to Money

    Christine Desan

    8. States, Markets, and Transnational Law: A Re-evaluation of the Legal ‘Constitution’ of Money

    Anna Chadwick

    9. Financial Value, Anthropological Critique, and the Operations of the Law

    Fabian Muniesa

    10. Critique of Valuation in the Calculation of Damages in ISDS: Between Law, Finance and Politics

    Toni Marzal

    11. On the Value of Rights

    Florian Hoffmann

    12. Value as Potentiality: Blockchain and the Age of Institutional Challenges

    Outi Korhonen and Juho Rantala

    13. The Contemporary Values of Operadiction Regimes

    Dimitri Van Den Meerssche and Geoff Gordon

    14. Legally Constituting the Value of Nature: the Green Economy and Stranded Assets

    Julia Dehm

    15. The Market as a ‘Rigged Game’: Theories of Ecologically Unequal Exchange and Their Implications for Value, Price, and Measures of Real Wealth

    Oliver Schlaudt

    16. Value in the Emotional Register

    Jessie Hohmann

    17. Value Talk in Legal Academia

    John D. Haskell

    18. A Vague Reflection on Value, or, the (Im)possibility of Radical Imagination

    Sofia Stolk


    Isabel Feichtner is Professor at the University of Würzburg, Germany.

    Geoff Gordon is Senior Researcher at the Asser Institute, University of Amsterdam, Netherlands.