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The Case for a New Bretton Woods
youtube.comJeff Kasanoff
@jeffkasanoff
Two legal systems dominate the world of global capital: English common law and the laws of New York State.
Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality
United States especially, policy-makersexplicitly discouraged them from cultivating Western-type desires.
Harvey R. Neptune • Caliban and the Yankees: Trinidad and the United States Occupation
Realizing the centrality and power of law for coding capital has important implications for understanding the political economy of capitalism.
Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality
The craftsmanship of their lawyers, the code’s masters, explains the adaptability of the code to the ever-changing roster of assets; and the wealth-creating benefits of capital help explain why states have been only too willing to vindicate and enforce innovative legal coding strategies.
Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality
The take-home message from Schelling’s story—that incentives sometimes backfire—is familiar to psychologists.