Affiliation:
1. Cornell University , Cornell Law School , Myron Taylor Hall , Ithaca , 14850 , New York , US
Abstract
Abstract
This article is a review of Katharina Pistor’s book The Code of Capital: How the Law Creates Wealth and Inequality. Using modern derivatives markets as a case study, it explores the important contributions – and limits – of Professor Pistor’s story about the role of the law and lawyers as the master coders of capitalism. This exploration reveals three distinct projects: a historical coding project, an intellectual decoding project, and a policy-driven recoding project. The fact that these projects are so intricately intertwined posed unique challenges for scholars, but also holds out a potential blueprint for a new law and finance.
Subject
Law,Economics, Econometrics and Finance (miscellaneous),Accounting
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