
Law and Society as a field and set of scholarly practices does not typically address abstract terms such as capital and capitalism. Both terms have an accumulated history, a politics, and a developed and engaged scholarly literature. This chapter suggests that studying lawyer/agent/brokers is essential to see the role of law in relation to capitalism. It suggests that law follows and legitimates power through societal changes, including the rise and spread of capitalism in Europe and into imperial relationships. The chapter then discusses how lawyers reveal the forms of capital valued in increasingly unequal capitalist societies and invent new forms of economic capital that contribute to further inequality. Without trying to produce a precise definition, capitalism is generally characterized as a dynamic form of social organization traced to the rise of economic markets, relatively ‘free competition’ in goods and services, and wage labour – all replacing relatively stable feudal relationships.
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