Derecho y macroeconomía: la propuesta de Listokin analizada desde John Commons

This article analyzes Yair Listokin’s proposal to use law as an instrument of macroeconomic policy, assessing it through the lens of John R. Commons’s theory of reasonable value—a central figure in original American institutionalism. Listokin’s approach emerges in response to the inefficacy of traditional fiscal and monetary policies under conditions of secular stagnation. The authors warn that this perspective may foster legal despotism by subordinating law to exclusively economic criteria, particularly in the execution of megaprojects. It is argued that such a shift erodes the public purpose and plural distribution of sovereignty advocated by Commons.