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Law and Capitalism
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Law and Capitalism: What Corporate Crises Reveal about Legal Systems and Economic Development around the World

Curtis J. Milhaupt and Katharina Pistor


Recent high-profile corporate scandals—such as those involving Enron in the United States, Yukos in Russia, and Livedoor in Japan—demonstrate challenges to legal regulation of business practices in capitalist economies. Setting forth a new analytic framework for understanding these problems, this book examines such contemporary corporate governance crises in six countries, to shed light on the interaction of legal systems and economic change. It debunks the simplistic view of law's instrumental function for financial market development and economic growth. Using comparative case studies that a ... More

Keywords: corporate scandals, Enron, Yukos, Livedoor, capitalist economies, legal systems, financial market, economic growth, rolling relationship, corporate governance

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780226525273
Published to Chicago Scholarship Online: March 2013 DOI:10.7208/chicago/9780226525297.001.0001


Affiliations are at time of print publication.

Curtis J. Milhaupt, author

Katharina Pistor, author