“Original, important, and topical. Milhaupt and Pistor are drawing on their very considerable expertise by bringing together a wide range of different country contexts. Few others could cover America, Russia, western Europe and east Asia as they do here.  They also make an important theoretical contribution to the debate over different national types of capitalism.”

Simon Deakin, University of Cambridge

“Two of the world’s best scholars in law and economic development have teamed up to explain how different governments try to promote economic growth. They focus on coordinating and protecting investors through corporate and securities laws and policies. The ‘institutional autopsies’—case studies of firm-level scandals around the world like Enron—engage the reader and draw the general out of the particular. You enjoy this book as you learn from it.”

Robert Cooter, University of California, Berkeley

“This pathbreaking book takes seriously the need to understand the relationship between law and the economy as a dynamic process. In so doing, the authors articulate a rich and multifaceted account that is at once innovative and deeply grounded in their extraordinary wealth of insights into world legal systems. It will be required reading for anyone engaged in serious study of corporate and comparative law.”

John Armour, University of Oxford

"The title of Law & Capitalism, a remarkable new book . . . might seem to suggest that Millhaupt and Pistor are adding their voices to the choir. If this is what one were expecting, however, that expectation would quickly be dashed. Nearly every page of Law & Capitalism stands in implicit or explicit dissent from the prevailing view."

David A. Skeel, Jr. | Harvard Law Review

"A well-written and fascinating book on how legal systems vary across capitalist regimes. The authors . . . are two legal scholars who use corporate governance as the lens through which to observe the complex web of institutional dynamics that are woven together by law, economics, finance, firms, labor, and governments. . . . We would highly recommend this book to students of corporate governance, law, economics, and finance. It is a pleasure to read, because it combines a sophisticated and comprehensive conceptual model with very interesting and intricate case studies."

R.V. Aguilera and A.K. Vadera | Political Science Quarterly