Summary of JOIE article (First View, 04 August 2020) by Geoffrey M. Hodgson, Institute for International Management, Loughborough University London. The complete article is available on the JOIE website. This is a summary of a review essay of Markets without Limits by Jason Brennan and Peter M. Jaworski and of The Invisible Hand? by Bas van Bavel. In very…
Medieval Corporations, Membership and the Common Good: Rethinking the Critique of Shareholder Primacy
Summary of JOIE article (First View, 09 July 2019) by Samuel F. Mansell, School of Management, University of St Andrews, St Andrews, UK and Alejo José G. SISON, School of Economics and Business, Universidad de Navarra, Pamplona, Spain. This article appeared in the Symposium on Corporations edited by David Gindis. The complete article is available on the…
A New Understanding of the History of Limited Liability: An Invitation for Theoretical Reframing
Summary of JOIE article (First View, 08 June 2020) by Ron Harris, Kalman Lubowsky Chair of Law and History at Tel Aviv University School of Law. This article appeared in the Symposium on Corporations edited by David Gindis. The complete article is available on the JOIE website. In this paper, I investigate the historical development of limited liability…
The Anglo-American misconception of stockholders as ‘owners’ and ‘members’
Summary of JOIE article (First View, 07 October 2019) by David Ciepley, Associate Fellow, Institute for Advanced Studies in Culture, University of Virginia, Virginia. This article appeared in the Symposium on Corporations edited by David Gindis. The complete article is available on the JOIE website. This article critiques the notions, deeply rooted in Anglo-American treatments of the business corporation,…
Ernst Freund as precursor of the rational study of corporate law
Summary of JOIE article (First View, 07 December 2017) by David Gindis, Senior Lecturer in Economics, University of Hertfordshire. This article appeared in the Symposium on Corporations edited by David Gindis.The complete article is available on the JOIE website. Until recently, the legal personality or legal entity status ascribed by law to firms and similar organization played little…
The limits and perils of the dichotomous private-public taxonomy
Summary of JOIE article (First View, 7 August 2020) by Veeshan Rayamajhee, Assistant Professor of economics at North Dakota State University, USA and Pablo Paniagua, PhD candidate at King’s College London and Senior Researcher at Fundación Para el Progreso, Santiago, Chile. The complete article is available on the JOIE website. In her 2009 Nobel lecture, Elinor…
Institutions, the social capital structure, and multilevel marketing companies
Summary of JOIE article (First View, 14 July 2020) by Jordan K. Lofthouse, The Mercatus Center at George Mason University and Virgil Henry Storr, Department of Economics, George Mason University. The complete article is available on the JOIE website. In multilevel marketing companies (MLMs), also known as network marketing or direct selling, member-distributors earn income…
Blockchain and institutional complexity: an extended institutional approach
Summary of JOIE article (First View, 16 June 2020) by Danil Frolov, Faculty of Economics and Management, Volgograd State Technical University. The complete article is available on the JOIE website. Blockchain is a digital technology for maintaining a replicated distributed ledger. It ensures the implementation of transactions in a digital format without the involvement of…
The role of collective action for the emergence and consolidation of democracy
Summary of JOIE article (First View, 16 June 2020) by Paolo Li Donni, University of Palermo and Maria Marino, University of Florence. The complete article is available on the JOIE website The literature Several scholars have claimed that democracy is a powerful predictor of countries’ prosperity (e.g., Alfonso-Gil et al., 2014; Acemoglu et al., 2019)….
Political instability, institutional change and economic growth in Brazil since 1870
Summary of JOIE article (First View, 1 June 2020) by Nauro Campos, University College London, ETH Zurich and IZA-Bonn, Menelaos Karanasos, Brunel University London, Panagiotis Koutroumpis, Queen Mary University London and Zihui Zhang, Brunel University London. The full article is available on the JOIE website How does institutional change affect economic growth? This paper explores…