With the right legal coding, any object, claim, or idea can be turned into capital-and lawyers are the keepers of the code. 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. 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. Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. Columbia Law School Professor Katharina Pistor will join us to discuss her new book “The Code of Capital: How the Law Creates Wealth and Inequality”.
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