Law and Political Economy (LPE) is a movement of scholarship and legal praxis that seeks to show how law contributes to the social, economic, and ecological crises that we face, and how it could become a tool in addressing them. LPE highlights how law is not merely an external regulatory force on otherwise “natural” and “neutral” markets. Rather, it is an intrinsic part of the creation of markets in the first place, as legal rules and legal entitlements determine the allocation of resources within the economy and significantly shape the bargaining and coercive power of different actors. Premised on the notion that law is imbricated within social relations of production, LPE prioritises research on how legal institutions create and cement socioeconomic inequalities and shield economic power from democratic contestation. In other words, an LPE approach to legal research asks about the distributive and power-conferring effects of legal rules in all legal subfields. Contrary to the dominance of neoclassical economics, which portrays the economy through quantitative, mathematical models based on axiomatic notions of what constitutes “value”, LPE seeks to expose the political character of the legal infrastructure that constitutes the economy. While building on earlier critiques of the dominant efficiency-focused economic model and, more broadly, critical legal work on capitalism (e.g., American Legal Realists and Critical Legal Studies), LPE is a research praxis that seeks to use critique as the basis for conceptualising new ways of organising the economy.