Professor of comparative law and director of the Center on Global Legal Transformation at Columbia Law School, Katharina Pistor, argues that the “persistent incrementalism” of asset holders who employ the law and lawyers who “code” their capital is an underestimated factor in the study of economics. The author brings a new perspective and vocabulary to commonly discussed issues and is cuttingly critical of the status quo. Without disputing the main tenets of the benefits of free market economics, Pistor highlights that states permit the interests of the wealthy – through their lawyers – to corrupt commerce in their favor.
About the Author
Professor of comparative law and director of the Center on Global Legal Transformation at Columbia Law School Katharina Pistor also co-authored Law and Capitalism: What Corporate Crises Reveal about Legal Systems and Economic Development around the World.
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