Law and Capitalism
Subtitle: What Corporate Crises Reveal about Legal Systems and Economic Development around the World
Publisher: University Of Chicago Press; University of Chicago Press
Published: July 1, 2008
Language: eng
Format: Hardcover
Number of pages: 272
ISBN-13: 9780226525273
Subjects: Development - Economic Development; General; Law / General; Law; Legal Reference / Law Profession; Corporate governance; Industrial laws and legislation; Law and economics; Law and legislation
Description: "Law and Capitalism examines contemporary corporate governance crises in six countries to shed light on the interaction of legal systems and economic change. This book debunks the simplistic view of law's instrumental function for financial market development and economic growth." "Using comparative case studies that address the United States, China, Germany, Japan, Korea, and Russia, Curtis J. Milhaupt and Katharina Pistor argue that a disparate blend of legal and non-legal mechanisms has supported economic growth around the world. Their findings show that law and markets evolve together in a "rolling relationship," and legal systems, including those of the most successful economies, therefore differ significantly in their organizational characteristics. Law and Capitalism will change the way lawyers, economists, policy makers, and business leaders think about legal regulation in an increasingly global market for capital and corporate governance."--book jacket.