Overview

Recent high-profile corporate scandals - such as those involving Enron in the United States, Yukos in Russia, and Liverdoor in Japan - demonstrate challenges to the legal regulation of business practices in capitalist economies. Setting forth a new analytic framework for understanding these problems, ""Law and Capitalism"" examines contemporary corporate governance crises in six countries. 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 nonlegal mechanisms have supported economic growth around the world.

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9780226525273

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"""Two of the world's best scholars in law and economic development have teamed up to explain how different governments try to promote economic growth.... The 'institutional autopsies' - case studies of firm-level scandals around the world like Enron - engage the reader and draw the general out of the particular. You enjoy this book as you learn from it."" - Robert Cooter, University of California, Berkeley"""

""Two of the world's best scholars in law and economic development have teamed up to explain how different governments try to promote economic growth.... The 'institutional autopsies' - case studies of firm-level scandals around the world like Enron - engage the reader and draw the general out of the particular. You enjoy this book as you learn from it."" - Robert Cooter, University of California, Berkeley""

Two of the world's best scholars in law and economic development have teamed up to explain how different governments try to promote economic growth.... The 'institutional autopsies' - case studies of firm-level scandals around the world like Enron - engage the reader and draw the general out of the particular. You enjoy this book as you learn from it. - Robert Cooter, University of California, Berkeley

Author Information

Curtis J. Milhaupt is the Furo Professor of Japanese Law and professor of comparative corporate law at Columbia Law School. He is the author of Global Markets, Domestic Institutions. Katharina Pistor is the Michael I. Sovern Professor of Law at Columbia Law School.

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