Pistor, Katharina
The Code of Capital: How the Law Creates Wealth and Inequality
- ISBN 13:
- 9780691208602
- author:
- Pistor, Katharina
- format:
- Paperback / softback
- publisher:
- Princeton University Press
- language:
- English
- Publication Year:
- 2020
- Pages:
- 320
- Dimensions:
- 23.5 x 15.6 centimeters
- Genre:
- Business, Economics, General,
- Condition:
- New
- Availability:
- Item usually sent within 4 working days
Description
The Code of Capital: How the Law Creates Wealth and Inequality by Katharina Pistor explores how capital is created behind closed doors in offices of private attorneys, leading to a widening wealth gap between those who hold it and everyone else. The law selectively "codes" certain assets, endowing them with the capacity to protect and produce private wealth. Pistor argues that lawyers play a crucial role in this process, picking and choosing among different legal systems and devices to serve their clients' needs. Techniques developed centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations - assets that exist only in law. This book paints a troubling portrait of the pervasive global nature of this code, its makers, and those who enforce it. A thought-provoking analysis of debt, complex financial products, and other assets coded to give financial advantage to their holders, The Code of Capital sheds light on one of the most pernicious problems of our time.
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