The Code of Capital

The legal coding of capital is an ingenious process without which the world would have never attained the level of wealth that exists today; yet the process itself has been largely hidden from view. Through this book I hope to shed ...

The Code of Capital

"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 of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively "codes" certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected 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. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it."--Provided by publisher.

More Books:

The Code of Capital
Language: en
Pages: 320
Authors: Katharina Pistor
Categories: Business & Economics
Type: BOOK - Published: 2020-09-22 - Publisher: Princeton University Press

"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
OECD Code of Liberalisation of Capital Movements
Language: en
Pages: 180
Authors: OECD
Categories: Business & Economics
Type: BOOK - Published: 2011-07-26 - Publisher: OECD Publishing

This new edition of the Code presents the full text of the Code, setting out the rights and obligations of adhering countries. It also shows how far each of the 34 adhering countries is open to international capital movements, as of March 2011.
Code of Liberalisation of Capital Movements
Language: en
Pages:
Authors: Organisation for Economic Co-operation and Development
Categories: Capital
Type: BOOK - Published: 1990 - Publisher:

Books about Code of Liberalisation of Capital Movements
OECD Code of Liberalisation of Capital Movements 2003 Edition
Language: en
Pages: 176
Authors: OECD
Categories: Capital
Type: BOOK - Published: 2003-04-29 - Publisher: OECD Publishing

The full text of the Code of Liberalisation of Capital Movements sets out the legally binding obligations accepted by OECD members. The Code, regularly updated by decisions of the OECD Council, reflects all changes in the positions of members up to 1 January 2003.
The Code of Federal Regulations of the United States of America
Language: en
Pages:
Authors: OECD
Categories: Administrative law
Type: BOOK - Published: 1970 - Publisher:

The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.