Article contents
Review Essay - Corporate Law Matters. On Kent Greenfield's The Failure of Corporate Law: Fundamental Flaws and Progressive Possibilities (2006) - [Kent Greenfield, The Failure of Corporate Law: Fundamental Flaws and Progressive Possibilities, Chicago: U of Chicago Press, 2006. ISBN 0–226-30693-3, 288 pp., $52.68 CAD]
Published online by Cambridge University Press: 06 March 2019
Abstract
- Type
- Developments
- Information
- Copyright
- Copyright © 2008 by German Law Journal GbR
References
1 Kent Greenfield, The Failure of Corporate Law: Fundamental Flaws and Progressive Possibilities, (2006) at 8. [Greenfield]Google Scholar
2 Id., 142 and 146.Google Scholar
3 Lochner v. New York, 198 U.S. 45 (1905).Google Scholar
4 See e.g. Cohen, Morris, The Basis of Contract, 46 Harvard Law Review 553 (1933).Google Scholar
5 Michael J. Trebilcock, The Limits of Freedom of Contract (1993) at 17.Google Scholar
6 Brownsword, Roger, Review: The Limits of Freedom of Contract and the Limits of Contract Theory, 22 Journal of Law and Society (1995) 259 at 268.CrossRefGoogle Scholar
7 Hale, Robert L., Bargaining, Duress and Economic Liberty, 43 Columbia Law Review (1943) 603 at 604.Google Scholar
8 Easterbrook, Frank H. & Fischel, Daniel R., The Corporate Contract in The Economic Structure of Corporate Law 1 (1991) at 37. [Easterbrook & Fischel]Google Scholar
9 Williamson, Oliver E., The Modern Corporation: Origins, Evolution, Attributes, 19 Journal of Economic Literature 1537 (1981) at 1537.Google Scholar
10 Easterbrook & Fischel, supra, note 8, 32.Google Scholar
11 Hansmann, Henry & Kraakman, Reinier, The End of History for Corporate Law, 89 Georgetown Law Journal 439 (2001). [Hansmann & Kraakman]Google Scholar
12 Varieties of Capitalism: The Institutional Foundations of Comparative Advantage (Peter A. Hall & David Soskice eds., 2001).Google Scholar
13 Hansmann & Kraakman, supra, note 11.Google Scholar
14 Adolf A. Berle and Gardiner C. Means, The Modern Corporation and Private Property (1932).Google Scholar
15 See supra, note 11 at 447; also see Margaret M. Blair & Lynn A Stout, A Team Production Theory of Corporate Law, 85 Virginia Law Review 247 (1999).Google Scholar
16 Hansmann & Kraakman, supra, note 11, 448.Google Scholar
17 Id. 441.Google Scholar
18 Greenfield, supra, note 1, 22.Google Scholar
19 Id., 38.Google Scholar
20 Id. Google Scholar
21 Id., 31.Google Scholar
22 Id., 126.Google Scholar
23 Id., 129.Google Scholar
24 Id., 130.Google Scholar
25 It is not clear what room Greenfield sees for charities, many of which are incorporated but do not create financial prosperity.Google Scholar
26 Greenfield, supra, note 1,133.Google Scholar
27 Id., 38.Google Scholar
28 Id., 134.Google Scholar
29 Id., 26.Google Scholar
30 Joseph A. Schumpeter, Capitalism, Socialism, and Democracy (1942).Google Scholar
31 Greenfield, supra, note 1, 50.Google Scholar
32 Id., 52.Google Scholar
33 Id., 54.Google Scholar
34 Nicholls, Christopher C., Governance, Mergers and Acquisitions, and Global Capital Markets, in Corporate Governance in Global Capital Markets, 85, 90 (Janis P. Sarra, ed, 2004).Google Scholar
35 Greenfield, supra, note 1, 56.Google Scholar
36 See e.g., Macaulay, Stewart, Non-Contractual Relations in Business: A Preliminary Study, 28 American Sociological Review 1 (1963).Google Scholar
37 Greenfield, supra, note 1, 60. While he doesn't dispute the existence of a fiduciary duty, he does question why it is a characteristic that has been built into corporate law, rather than being explicitly contracted for by the parties.Google Scholar
38 Greenfield, supra, note 1, 66.Google Scholar
39 Id., 26.Google Scholar
40 Id.,136.Google Scholar
41 Id., 150.Google Scholar
42 Id., 139.Google Scholar
43 Id. Google Scholar
44 Id.141.Google Scholar
45 Id. 32.Google Scholar
46 Id. 154.Google Scholar
47 Id.,142.Google Scholar
48 Blair, Margaret M. & Stout, Lynn A, A Team Production Theory of Corporate Law, 85 Virginia Law Review 247 (1999).Google Scholar
49 Greenfield, supra, note 1, 146.Google Scholar
50 Id., 150.Google Scholar
51 Mace, Myles L., Directors: Myth and Reality – Ten Years Later, 32 Rutgers Law Review 293 (1979).Google Scholar
52 Mary G. Condon, Anita I. Anand & Janis P. Sarra, Securities Law in Canada: Cases and Commentary (2005).Google Scholar
53 See, supra, note 1 at 127.Google Scholar
- 1
- Cited by