Form and Agency in Raz’s Legal Positivism

As two parts of one overarching legal positivist project, it is likely assumed that the constitutive elements of Joseph Raz’s analysis of the rule of law are compatible with his thinking on the nature of legal authority. The aim of this article is to call this assumption into question by reading Raz in light of the core, if under-recognised, preoccupation of the jurisprudence of Lon Fuller: namely, the latter’s concern to illuminate the relationship between the distinctive form of law and human agency. This not only opens up a new engagement between Raz and Fuller that was far from exhausted within debates about law and morality, but also reveals tensions between Raz’s analysis of the rule of law and his analysis of legal authority that proponents of Raz’s legal positivism need to address.     

The political economy of the dollar and the yen in East Asia

From the early 1980s until 1997 large amounts of Japan's current account dollar surplus were invested in U.S. Treasury securities. This economic relationship developed into an “alliance” sustained by the economic policies of U.S. and Japanese authorities. The U.S.-Japanese alliance indirectly promoted East Asian export-led growth during 1985–95. However, policies associated with the U.S.-Japanese alliance also contributed significantly to the 1997 Asian financial crisis. During the past years Japan has launched a number of initiatives for aid and regional monetary co-operation with the aim of internationalising the yen and redirecting regional current account surplus flows to go within the region, rather than being invested in the United States. The article assesses the viability of this regional challenge to U.S. monetary hegemony.     

Civic Engagement,Pedagogy, and Information Technology on Web Sites for Youth

Scholars of political socialization are paying increasing attention to how the Internet might help cure the civic disengagement of youth. This content analysis of a sample of 73 U.S.-based civic Web sites for youth introduces a framework for evaluating Web sites' strategies for fostering active communication for citizenship. We offer the first systematic assessment of the extent to which a broad range of Web sites aim to develop young people's abilities to use information and communication technology (ICT) as a vehicle for civic participation and to engage with ICT as a policy domain that encompasses issues (such as freedom of speech and intellectual property rights) that shape the conditions for popular sovereignty online. The study finds low levels of interactive features (such as message boards) that allow young people to share editorial control by offering their own content. In addition, few sites employ active pedagogical techniques (such as simulations) that research suggests are most effective at developing civic knowledge, skills, and participation. We also find little attention to ICT policy issues, which could engage budding citizens in debates over the formative conditions for political communication in the information age. We conclude with suggestions for civic Web site designers and hypotheses for user studies to test.     

Book Reviews

Andrew Levine, Arguing for Socialism—Theoretical Considerations (Boston: Routledge and Kegan Paul, 1984).

Irving Howe, Socialism and America (New York: Harcourt Brace Jovanovich, 1985).

Ellen Meiksins Wood, The Retreat from Class: A New “True” Socialism (London: Verso/American distributor: Shocken, 1986)

Joanne Barkan, Visions of Emancipation: the Italian Workers’ Movement Since 1945. (New York City: Praeger, 1984)

Carlos M. Vilas, The Sandinista Revolution: National Liberation and Social Transformation in Central America, trans. Judy Butler (New York City: Monthly Review Press, 1986)

Samuel Bowles and Herbert Gintis, Democracy and Capitalism—Property, Community, and the Contradictions of Modern Social thought (New York: Basic Books, 1986).

Richard Levins and Richard Lewontin, The Dialectical Biologist. (Cambridge, Ma.: Harvard University Press, 1985).

Anthony Giddens, The Nation‐State and Violence: Volume Two of The Contemporary Critique of Historical Materialism. (Berkeley and Los Angeles: University of California Press, 1985)

Bob Jessop, Nicos poulantzas. Marxist theory and political strategy, (New York: St. Martin's Press, 1985).     

The legacy of the home owners’ loan corporation

Abstract

The appraisal practices of the Home Owners’ Loan Corporation (HOLC) and its Residential Security Maps are often cited as major contributors to later redlining and the perpetuation of segregation through unequal access to mortgage credit. This article focuses on whether there was a relationship between the HOLC's neighborhood assessments and mortgage outcomes.

Our results indicate that the agency was clearly instrumental in restructuring the home finance system and permitting far greater access to homeowner‐ship, but it is important to consider other factors in examining the HOLC's legacy in the reshaping of the mortgage market and the operation of the financial sector after the Great Depression. Specifically, the issue of increasing segregation in older cities in the late 20th century remains inextricably linked to both the shifting nature of real estate finance after the HOLC era and the demographic, economic, and residential changes affecting U.S. cities.