Economics, Capitalism, and Corporations: Contradictions of Corporate Law, Economics, and the Theory of the Firm

This book extends the analysis of contract law, property law, agency law, trust law, and corporate statutory law to challenge conventional concepts and theories in economics, finance, investment, and accounting. It dismantles the theory of the firm by proving that shareholders do not own corporations, directors are not agents of shareholders, and shareholders are not investors in corporations. The author appeals to researchers and graduate and upper-level undergraduate students in economics, finance, accounting, law, and sociology, as well as legal scholars, attorneys, and accountants.

Format: Paperback / softback
Length: 206 pages
Publication date: 01 August 2022
Publisher: Taylor & Francis Ltd

This book is a remarkable continuation of Corporate Law and the Theory of the Firm, delving deeper into the intricate realms of contract law, property law, agency law, trust law, and corporate statutory law. The author embarks on a captivating exploration, challenging conventional concepts and theories in economics, finance, investment, and accounting. Through the application of his comprehensive analysis, he unveils the artificial boundaries that have been established over decades of research, rooted in indefensible assumptions and flawed conclusions.

Using the Humpty Dumpty principle, where words take on subjective meanings dictated by the authors, economists have constructed a world where contract law, property law, agency law, and corporate statutory law no longer hold sway. This departure from established principles has led to the creation of peculiar new realms where the rules of the game seem to have been rewritten.

The author takes on a formidable task, dismantling the theory of the firm by exposing its deliberate disregard for fundamental contract law, property law, agency law, and corporate statutory law. He challenges the very foundations upon which the concept of the firm is built, revealing that shareholders do not own corporations, directors are not agents of shareholders, and shareholders are not investors in corporations.

In a groundbreaking revelation, the author demonstrates that capital is not privately owned by capitalists but rather by corporations. This revelation shakes the very foundations of economic and social systems, as they have been constructed without a solid legal basis. The advent of publicly traded corporations has brought about the presence of capital, but it has also led to the extinction of capitalists and capitalism itself.

This book holds immense appeal to a diverse audience, including researchers, graduate and upper-level undergraduate students in economics, finance, accounting, law, and sociology. It also resonates with legal scholars, attorneys, and accountants, as it provides valuable insights and perspectives on the complex interplay between law, economics, and corporate governance.

In conclusion, this book is a testament to the author's intellectual prowess and dedication to challenging the status quo. It offers a thought-provoking exploration of the boundaries between law and economics, shedding light on the artificial constructs that have shaped our understanding of corporations, shareholders, directors, owners, and investors. As readers delve into its pages, they will be captivated by the author's profound insights and compelled to reevaluate the foundations of our economic and social systems.

Weight: 410g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367671907