These are the modules of the code of capital, which have been used for centuries to graft wealth generating attributes, namely priority, durability, convertibility, and universality onto different assets: land, firms, financial assets, knowledge, even nature’s own genetic code and the data we produce in the digital age.
They are property and collateral law, corporate, trust, and bankruptcy as well as contract law. Capital owes its wealth producing capacity to a handful of legal institutions that form part of private law. The Code of Capital: How the Law Creates Wealth and Inequalityģ20 pages, Princeton University Press, 2019Ĭapital is not a thing it is the capacity of an object, claim, or idea to produce wealth.
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