![]() ![]() An asset (which may be tangible or intangible) turns into capital when the legal code bestows certain qualities to it. The first question (discussed extensively in the first chapter) is theoretical: what is capital? Pistor argues, quite convincingly, that “capital is not a thing” but rather a legal construct (p.10). In these chapters, the author masterfully tackles a number of big questions. In Pistor’s telling, the story unfolds in nine chapters. This is a story that is at once locally-specific and globally-relevant historically-dependent and yet still evolving and politically fraught as well as consequential-one that we surely must know more about if we are to get a better understanding of both the formation of wealth and its distribution. Email: Pistor’s new book, THE CODE OF CAPITAL: HOW THE LAW CREATES WEALTH AND INEQUALITY, “tells the story of the legal coding of capital” (p. Reviewed by Basak Kus, Department of Government, Wesleyan University. ![]() THE CODE OF CAPITAL: HOW THE LAW CREATES WEALTH AND INEQUALITY, by Katharina Pistor. ![]()
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