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Public Law and Private Power: Corporate Governance Reform in the Age of Finance Capitalism (Cornell Studies in Political Economy)

Penned By John W. Cioffi
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4.85
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Public Law and Private Power: Corporate Governance Reform in the Age of Finance Capitalism (Cornell Studies in Political Economy)

Penned By John W. Cioffi
4.85 38,642 Ratings
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Editor's Note:
In Public Law and Private Power, John W. Cioffi argues that the highly politicized reform of corporate governance law has reshaped power relations within the public corporation in favor of financial interests, contributed to the profound crises of contemporary capitalism, and eroded its political foundations. Analyzing the origins of pro-shareholder and pro-financial market reforms in the United States and Germany during the past two decades, Cioffi unravels a double paradox: the expansion of law and the regulatory state at the core of the financially driven neoliberal economic model and the surprising role of Center Left parties in championing the interests of shareholders and the financial sector.Since the early 1990s, changes in law to alter the structure of the corporation and financial markets--two institutional pillars of modern capitalism--highlight the contentious regulatory politics that reshaped the legal architecture of national corporate governance regimes and thus the distribution of power and wealth among managers, investors, and labor. Center Left parties embraced reforms that strengthened shareholder rights as part of a strategy to cultivate the support of the financial sector, promote market-driven firm-level economic adjustment, and appeal to popular outrage over recurrent corporate financial scandals. The reforms played a role in fostering an increasingly unstable financially driven economic order; their implication in the global financial crisis in turn poses a threat to center-left parties and the legitimacy of contemporary finance capitalism.

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Length N/A Pages
Language En-US
Released November 1, 2010
Identifier (ISBN) 9118698
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John W. Cioffi
The Mind Behind the Work
John W. Cioffi

John W. Cioffi is the author of several novels. Originally from the East Coast, they now live in the Midwest with family. In addition to writing, John W. Cioffi enjoys gardening, cooking, and reading way past bedtime. Their work often explores the complexities of everyday life and human relationships.

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Emily Taylor
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Kevin Williams
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. An absolute must-read for connoisseurs of the genre."
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David Brown
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Nancy Turner
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"I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. I would highly recommend this to discerning readers."
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"Masterpiece from start to finish. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I am now a lifelong fan of this author."
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