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During the last decades, many areas of the law have been tainted by simplistic economic analyses. Nowhere is this truer than in corporate law, where property rights and agency relationship have been identified when they are absent. Shareholders do not own corporations; they own shares. And Directors and officers are not the shareholders' agents; they are the agents of the corporation. Dennis Huber has written a serious book evidencing these contradictions and the need to bring back corporate law's lost logic. It is a must for business lawyers and for economists willing to address the complexity of the legal structure of the firm. - Jean-Philippe Robe, SciencesPo Law School Huber's book is one of the most interesting discussions of the relations between law and the economics of the firm to appear in decades. It asserts, in some key respects, the primacy of the law and argues that most of the economics of the firm literature pays too little attention to the law. I don't agree with everything in it, but the book is surely an impressive undertaking that should be of significant inspiration to economists and other social scientists. - Nicolai J. Foss, Copenhagen Business School.

"""During the last decades, many areas of the law have been tainted by simplistic economic analyses. Nowhere is this truer than in corporate law, where property rights and agency relationship have been identified when they are absent. Shareholders do not own corporations; they own shares. And Directors and officers are not the shareholders’ agents; they are the agents of the corporation. Dennis Huber has written a serious book evidencing these contradictions and the need to bring back corporate law’s lost logic. It is a must for business lawyers and for economists willing to address the complexity of the legal structure of the firm."" — Jean-Philippe Robé, SciencesPo Law School ""Huber's book is one of the most interesting discussions of the relations between law and the economics of the firm to appear in decades. It asserts, in some key respects, the primacy of the law and argues that most of the economics of the firm literature pays too little attention to the law. I don't agree with everything in it, but the book is surely an impressive undertaking that should be of significant inspiration to economists and other social scientists."" — Nicolai J. Foss, Copenhagen Business School."

During the last decades, many areas of the law have been tainted by simplistic economic analyses. Nowhere is this truer than in corporate law, where property rights and agency relationship have been identified when they are absent. Shareholders do not own corporations; they own shares. And Directors and officers are not the shareholders' agents; they are the agents of the corporation. Dennis Huber has written a serious book evidencing these contradictions and the need to bring back corporate law's lost logic. It is a must for business lawyers and for economists willing to address the complexity of the legal structure of the firm. - Jean-Philippe Robe, SciencesPo Law School Huber's book is one of the most interesting discussions of the relations between law and the economics of the firm to appear in decades. It asserts, in some key respects, the primacy of the law and argues that most of the economics of the firm literature pays too little attention to the law. I don't agree with everything in it, but the book is surely an impressive undertaking that should be of significant inspiration to economists and other social scientists. - Nicolai J. Foss, Copenhagen Business School.

Author Information

Wm. Dennis Huber received a DBA in international business, accounting, finance, and economics from the University of Sarasota, Florida; a JD, an MBA in accounting and finance, an MA in Economics, and an MS in public policy from the State University of New York at Buffalo. He also has an LL.M. in homeland and national security lLaw from the Western Michigan University Thomas M. Cooley School of Law. He is a certified public accountant and admitted to the New York Bar. He has taught at universities in the U.S., Canada, Mexico, and the Middle East.

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