I did enjoy this book greatly, but Pistor is a poor writer. Pistor takes readers through legal history by examining the way different assets (Land, Financial Derivatives, Companies) have been given legal personality by private lawyers through the centuries. However, her writing is often obtuse and dense, and she is fond of using acronyms without defining the acronyms beforehand. She also likes to re-use phrases 'coding strategies' 'asset cloaking' 'legal shielding' to the point it becomes nauseous for readers.

At the beginning of the book, her stated aim is to write something intelligible for the average educated individual, but even I (as someone who has a background in the finance industry and someone with an economics degree) found the book difficult to wade through at times. Perhaps this is emblematic of lawyers: they dress up simple ideas in arcane language to give themselves an air of sophistication. In any case, there are lots of intriguing ideas in this book, it's just a shame that Pistor is unable to write in a simple manner.

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Mike watkins Jr.

Tough read/ kinda dry but very informative

Revisado en los Estados Unidos el 24 de octubre de 2019

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Not going to go into details... most have said already what I would say. The only thing I would add is this book or... at least examples utilized in this book are complex and full of stats/numbers . The nc2 trust example is a good example of this. The book didn’t flow very well... a lot of jumping tbh and some examples were not needed so I didn’t really enjoy reading this tbh outside of the information it provided... but that’s just me. Lastly the book makes as good as an argument you can make for how capital is actually created by law... and not purely a manifestation of the free market ... but in the end it’s only convincing in some context... and there are limited examples of some of the things the author mentions. But yeah well written book, but very complex and not entirely convincing.

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Matt L. Pimentel, Ph.D.

Far too dry, but very accurate

Revisado en los Estados Unidos el 26 de agosto de 2020

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I could not even finish this damn book. Although Dr. Katharina Pistor is a very intelligence individual, her writing is exorbitantly dry and she belays the point far too often. This book first intrigued me since I am since a huge fan of Piketty, the French genius economist. He referenced this book on how capital instruments (property, patents, pharmaceuticals, the development of new technologies, etc.), are encoded in law so they have a long-standing profiting motive for many years. She is accurate in the sense that lobbying has encrusted and enabled the worlds’ economies to make a small sector of individuals very rich. In essence, this was started by private property rights, which the State gladly capitulated and taxed property for its own benefit and to protect the very rich individuals. It is now overgrown and those that lobby the highest dollar swim in the spoils. Skim some of the chapters but not worth the cover price.

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