Business Persons: A Legal Theory of the Firm 1st Edition

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ISBN-13: 978-0199670918
ISBN-10: 0199670919
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Editorial Reviews

Review


"This book is a path-breaking analysis of the business firm from a legal perspective. As shown by the debate surrounding the Supreme Court's Citizens United decision, the question of corporate legal personality has resurfaced as one of the key legal and political issues of our time. Prof. Orts' book is indispensable reading for anyone interested in exploring the extent to which 'corporations are people too.'"--Reuven S. Avi-Yonah, Irwin I. Cohn Professor of Law, University of Michigan Law School


"In this comprehensive study, Eric Orts takes on the economists and shows why law is essential to our understanding of the business firm. Anyone who cares about the future of business should be grateful for this addition to the literature."--Lynn Sharp Paine, John G. McLean Professor of Business Administration,
Harvard Business School


"Orts has rethought and reformulated corporate law theory, echoing the work of Adolf Berle, Gardiner Means, and H.L.A. Hart. While recent scholarship on the nature of the firm have stressed economic and finance theory, Orts frames the analysis around legal theory. Employing an ethics-focused, multi-perspective approach, Orts draws parallels to the history and philosophy of law. It re-elevates the roles of agency, contract, and property law and theory in addressing questions about the firm. The book includes crucial insights into the modern taxonomy of firms and their shifting boundaries, as well as practical contributions to the policy debate about executive compensation challenges and corporate political speech. Orts is a leading voice advocating a more nuanced view of the firm, delivering a thoroughly-researched and foundational book that is a must-read for anyone thinking about the theory of the modern firm."--Frank Partnoy, Professor of Law and Finance, University of San Diego


About the Author


Eric W. Orts is the Guardsmark Professor of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania with a secondary appointment in Management. He is the faculty director of the Initiative for Global Environmental Leadership and a co-faculty director of the FINRA Institute at Wharton. He has been a visiting professor at the University of Leuven, the University of Michigan Law School, NYU School of Law, Tsinghua University School of Economics and Management, the University of Sydney Law School, and UCLA School of Law. His research focuses on business theory, corporate law, ethics, and sustainability.
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Product Details

  • Hardcover: 328 pages
  • Publisher: Oxford University Press; 1 edition (September 15, 2013)
  • Language: English
  • ISBN-10: 0199670919
  • ISBN-13: 978-0199670918
  • Product Dimensions: 9.3 x 1 x 6.4 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #768,825 in Books (See Top 100 in Books)

More About the Author

Eric Orts is the Guardsmark Professor at the Wharton School of the University of Pennsylvania. He is a professor in the Legal Studies and Business Ethics Department with a secondary appointment in Management. He is also the faculty director of the Initiative for Global Environmental Leadership and serves as faculty co-director of the FINRA at Wharton Institute. His primary research and teaching interests are in corporate governance, securities regulation, environmental law and policy, and professional ethics.

Prior to joining Wharton's faculty, he practiced law at Paul, Weiss, Rifkind, Wharton & Garrison in New York City. He has also been a visiting professor at a number of other business and law schools, including the University of Leuven (law faculty), the University of Michigan Law School, NYU School of Law, Sydney Law School, Tsinghua University School of Economics and Management, and UCLA School of Law. He was a Eugene P. Beard Faculty Fellow at Harvard University's Center for Ethics and the Professions and a faculty fellow in the Center for Business and Government at the Kennedy School. He is currently a visiting professor at INSEAD in Fontainebleau, France.

Orts is a graduate of Oberlin College (BA), the New School for Social Research (MA in political science), the University of Michigan (JD), and Columbia University (JSD). He is a member of the bar of New York and the District of Columbia, as well as an elected member of the American Law Institute. He is a founding board member of the Alliance for Research on Corporate Sustainability and serves on the editorial board of Business Ethics Quarterly.

Over the course of his career, he has advised and interacted with a wide range of companies in different sectors and in different countries.

In 2011, he won the MBA Excellence in Teaching Award for an Elective Course at the Wharton School.

He enjoys yoga and sculling, as well as reading widely. When not visiting in foreign lands, he lives with his family, his dog Butterbean, and his cat Zen Dude in Philadelphia.

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By Sandro Tiger on December 1, 2014
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The related item filled my expetations mostly with price and quality
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By Jason on May 27, 2015
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everything is good.
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