Review of Jamee K. Moudud, Legal and Political Foundations of Capitalism: The End of Laissez Faire?

Foundations of Capitalism delivers a trenchant critique of laissezfaire ideology by exposing the deep interdependence between markets, law, and political power.Challenging the long-held assumption that markets are autonomous entities requiring minimal state intervention, Moudud argues that economic systems are constituted through legal frameworks and political decisions.This work is a significant contribution to the field of Law and Political Economy (LPE), offering a historically grounded and theoretically rigorous analysis that dismantles the myth of self-regulating markets.