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The Code of Capital: How the Law Creates Wealth and Inequality

4.11  ·  Rating details ·  104 ratings  ·  13 reviews
A compelling explanation of how the law shapes the distribution of wealth

Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices
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Hardcover, First edition, 320 pages
Published May 28th 2019 by Princeton University Press
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 ·  104 ratings  ·  13 reviews


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Mehrsa
Sep 02, 2019 rated it it was amazing
Such an important and necessary book for all policymakers and legal academics. Pistor talks about the role of lawyers and the law in creating modern property regimes, including IP, securities, enclosures, etc. Lawyers created the right to capital out of thin air to protect the holders of capital from redistribution. These lawyers work together across borders and they are on very friendly terms with eachother and the legislators. It's not exactly a conspiracy because it happens in broad ...more
Li Wang
Mar 18, 2020 rated it it was amazing
The best non-fiction I've read since college. Feels like everything I've learned in law school leads up to this book.
Yavuz Milar
Jan 02, 2020 rated it it was amazing
Shelves: ekonomi
If you are like me and interested in books that are being written which query our modern economics system, from taxation to globalization by focusing on inequality that has been growing in a faster pace for the last 40 years, this a must-read. Most of these books are written by economists, mainly started after Milanovic and Piketty but their data driven results mainly showcased inequality and its trend which is why people are talking and writing about it these days but few ...more
John Aggrey Odera
Feb 17, 2020 rated it it was amazing
Katharina Pistors new book, The Code of Capital: How the Law Creates Wealth and Inequality investigates, in deep detail, the subject of its subtitle - the relationship that law has with the creation of wealth and inequality.

Capital, Pistor argues, is a social relation, made up of both assets - broadly construed to include not just physical stuff like land and brick-and-mortar factories, but also ideas, skills etc.- and a legal code. The legal code refers to all the legal instruments - laws
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UChicagoLaw
The Code of Capital, by Katharina Pistora brilliant analysis of the ways in which law shapes both the generative and (mal)distributive effects of wealth. A sobering read that manages to bridge successfully academic discussions among legal specialists and popular discourses on inequality. Aziz Z. Huq, Frank and Bernice J. Greenberg Professor of Law, Mark Claster Mamolen Teaching Scholar
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Ben
Nov 12, 2019 rated it liked it
really a 3.5 - a bit overly academic but nicely lays out how much law regarding capital has been made without democratic legislation.
Alex
Jul 14, 2019 rated it really liked it
good intro to the topic, wish it went a little more in depth. funny to see szabo roasted but sad to see posner and weyl taken at all seriously. especially good for when everyone starts hooting and hollering about the cambridge capital controversy again,
Don Dunlap
Jan 30, 2020 rated it it was amazing
Brilliant book about how lawyers develop complex legal layers to protect the elites assets and how this needs to change.
Ailith Twinning
Nov 26, 2019 rated it liked it
Shelves: 2019
Worth reading.
Nicolas Dusart
Feb 03, 2020 rated it really liked it
Very good different perspective of the underlying structure of world economy, growth and capital formation
Jill
Feb 17, 2020 rated it really liked it
Holy moly this was complicated. Very dense. Fascinating topic. Not a beginner read. Describes how the the law protects/shields various types of capital.
Grant
Feb 02, 2020 rated it it was amazing
This book went a little deeper into history than I was expecting. Took a bit to get through but was worth the read.
George Odera
Feb 09, 2020 rated it it was amazing
Not many books are as compellingly argued as Pistor's Code of Capital. The book's thesis is simple:capital is coded in law, and law is the very cloth from which capital is cut. Pistor argues that accumulating wealth over long stretches of time requires additional fortification backed by the coercive powers of the State.
In a unique blend of history, legal theory, and economics, Pistor demonstrates how capital principally exhibits four key attributes: Priority, Durability, Universality, and
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