Sanjukta Paul is a professor of law at the University of Michigan Law School.

April 11, 2024

Analysis

The Electric Vehicle Developmental State

BYD exemplifies transformations in Chinese industrial policy

The rise of the Chinese EV industry has been enabled not only by generous government subsidies but also by profound changes in strategy and organization, and in particular by a distinctive revival of vertical integration—at both individual firm and national…

March 28, 2024

Analysis

The First New Deal

Planning, market coordination, and the National Industrial Recovery Act of 1933

The National Industrial Recovery Act is commonly counterposed to antitrust. But at the time, the antitrust camp had little truck with the self-coordinating market ideal. Resistance to public price coordination experiments, meanwhile, particularly among conservative jurists, was also not based…