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Spooky Adult Paul OBE(S)

@sanjukta.bsky.social

5.9K followers 570 following 3.7K posts

Interested in the idea and practice and law of economic coordination. I work as a law professor at a public university.

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 11d

Hello! Here is my essay (still a draft) for a symposium held in the spring at the university of chicago. (Please note that the title of the symposium was set by the law review; I chose my essay title.) Comments are welcome.

thesanjuktablog.wordpress.com/2025/10/03/n...

New essay: law & the self-coordinating market idea

Essay for the University of Chicago Law Review Symposium, held in April 2025, on “Law & Economics vs. Law & Political Economy: A Debate” (draft) Law & the scm idea uchi l re…

thesanjuktablog.wordpress.com

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Reposted by Spooky Adult Paul OBE(S)

Lake Michigan! Live! @lake-michigan.live · 6h

Current* conditions near Milwaukee, WI:

Rotating view of Milwaukee and Lake Michigan located north of downtown Milwaukee along the Milwaukee River. // Image captured at: 2025-10-14 04:41:54 UTC (about 25 min. prior to this post) // Current Temp in Milwaukee: 53.78 F | 12.10 C // Precip: fog // Wind: NW at 3.444 mph | 5.54 kph // Humidity: 95%

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 6h

*of course production costs and demand are themselves not entirely independent of acts of the producers/financiers/etc - but components of them are, and they are not all controlled by any one actor

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 6h

We should talk less about "market forces" imho and more about dynamic, comparative constraints on economic decision-making & coordination. There are constraints -costs and demand, mainly*- and those constraints change, and they are often comparative in nature. But they don't need to be mystified.

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 7h

You need to do better if you have truly convinced yourself, against all basic common sense, that biden was politically *foreclosed* from taking an action that would have made him a hero and found support in federal law (not to mention morals)

And gooodbye now - you don't get to randomly be a jerk

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 7h

However, I have to finish reading my book and go to bed good night

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 7h

Of course trump is in another category altogether. That doesn't mean that biden would have been removed for reconciling conflicting federal laws in a way that saved a massive number of lives and prevented an untold amount of suffering. Actually he would have gained politically.

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 7h

It is wrong to compare that situation to trump openly bucking clear law and impounding funds.

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 7h

Looks like this has already been covered above (i can't seem to link the tweet). By the way, even if this weren't true, it would at best mean that two pieces of federal law are in conflict. The bill you're referencing doesn't have some automatic supremacy over the other federal laws involved.

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 8h

Did that legislation pass the senate? (No, obvs) Is it your position that symbolic action by house republicans binds a Democratic president? (Absurd)

And he did not need some specific authorization from senate democrats to conduct foreign policy, of course

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 8h

Your position is that the courts or congress stopped Biden?

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 8h

The book is sadly out of print (University of Illinois press); i got it at the library

academic.oup.com/ahr/article-...

Jonathan Lurie. The Chicago Board of Trade, 1859–1905: The Dynamics of Self-Regulation. Urbana: University of Illinois Press. 1979. Pp. xiv, 234. $12.50

Robert D. Cuff; Jonathan Lurie. The Chicago Board of Trade, 1859–1905: The Dynamics of Self-Regulation. Urbana: University of Illinois Press. 1979. Pp. xiv

academic.oup.com

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

Was thinking especially of the themes of this paper. But anyway, thanks for the references

www.researchgate.net/publication/...

A Universal Scotland of the Mind: Steuart and Smith on the Need for a Political Economy

Download Citation | On Feb 1, 2011, Aida Ramos and others published A Universal Scotland of the Mind: Steuart and Smith on the Need for a Political Economy | Find, read and cite all the research you n...

www.researchgate.net

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

It is hard for me not to see it as a moment of perfection of english supremacy (with many precedents, and among other things) - which is of interest (to me) mainly in relation to the universalizing impulse of the common law and the universalizing impulse of classical political economy (to come)

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

I mean I obviously defer to you; I'm just a consumer of information here. (Tho I think existence of scottish support for glorious revolution - of course well known to coexist with strong opposition - doesn't itself undermine point). Still, good to know.

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

I know less about pavlou but also all of these people seem profoundly unwell in various ways (which of course doesn't mean they aren't also dramatizing a political phenomenon)

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

Anyway maybe this is obvious to others, but futures trading originated also as a mechanism for stabilization of a market (grain) prone to ruinous competition at harvest time

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

It's amazing to consider that the origins of this system were in part to rationalize the grain trade in a way that in a later age might have been viewed as borderline anti-competitive (indeed see the famous brandeis opinion in CBOT, defending stabilization measures through the board)

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

I highly recommend jonathan lurie's history of the chicago board of trade (1979)

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

Understood. Though not felt as anti authoritarian in ireland or scotland I imagine.

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

What I mean is that that is a lot to contemplate.

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 9h

It's really something to contemplate that our legal tradition (the common law) is bound up in a revolutionary event that was not only anti-Catholic but also about English supremacy (over scotland & ireland)

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Reposted by Spooky Adult Paul OBE(S)

Henry Snow @henrysnow.bsky.social · 10h

oh my goodness this is such an interesting subject, how did I not learn about this in history school. now my students are definitely going to

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 10h

How is it that I did not learn about Courts of Piepowder in law school?

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Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 10h

Crazy times

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 10h

How is it that I did not learn about Courts of Piepowder in law school?

Spooky Adult Paul OBE(S) @sanjukta.bsky.social · 10h

I feel like I should be able to take a course about the law merchant. If AI were real, it would be able to generate this.

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