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A Guide to the ‘Legal Fictions’ That Create Wealth, Inequality and Economic Crises
Podcast

A Guide to the ‘Legal Fictions’ That Create Wealth, Inequality and Economic Crises

The legal scholar Katharina Pistor examines the hidden legal layer propping up our modern economic system.



Editorial Rating

8

Qualities

  • Comprehensive
  • Bold
  • For Experts

Recommendation

Laws enable economic progress and prosperity, endowing assets with specific rights that allow their owners to profit. Yet the very laws that produce economic well-being also leave many behind in society, argues professor Katharina Pistor in this enlightening episode of The Ezra Klein Show podcast hosted by senior editor Rogé Karma. Their conversation highlights how, given that law can confer distinct privileges on assets, it can also affect positive social change by creating a more level playing field. Executives, investors, and students of law and economics will find this a thought-provoking discussion.

Take-Aways

  • Along with labor, capital is an input of production with specific hallmarks.
  • Laws form the basis of wealth creation.
  • The forces that drive prosperity also give rise to inequities and wealth destruction.

About the Podcast

Professor of comparative law Katharina Pistor is the director of the Center on Global Legal Transformation at Columbia University. The Ezra Klein Podcast showcases interviews with leaders in politics and media.


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