The Case for Militant Democracy
With many in Germany calling for a ban on Alternative für Deutschland, the far right and its fellow travelers are portraying themselves as victims of political persecution. But they are trying to conflate two different types of regime: constitutional democracy and authoritarian “people’s democracy.” Read more at PS.
Review it All
A request to review all aspects of Columbia University’s governance structure and not focus on the University’s Senate, the only body with participation of administrators, faculty, and students.
Das Recht des Stärkeren
Die Machtergreifung der Reichsten: Die libertären Rechten unterwerfen den Staatsapparat der autoritären Logik der Privatwirtschaft. Beitrag im Wirtschaftsmagazin Surplus Nr. 2 Die Ära der Kettensäge
The Future of the Dollar System
22 April 2025
Can this system last? Are alternatives imaginable? This panel will take up one of the most basic issues in the world economy today.
What if the Economy Worked for Democracy?
9 April 2025
This cross-disciplinary panel will consider the forces that undermine the capacity of societies to find common ground for effective self-governance, especially under conditions of uncertainty and during political and economic shocks. The discussion will explore structural forces threatening shared prosperity, tradeoffs inherent in economic policymaking, pathways to a more just and inclusive economy, and the significance of a political economy fit for advancing the future of democracy.
The End of Germany’s Delustion
It took a pandemic and the threat of war to get Germany to dispense with the two taboos – against debt and monetary financing of budgets – that have strangled its governments for decades. Now, it must join the rest of Europe in offering a positive vision of self-sufficiency and an “anti-fascist economic policy.”
Read more at PS
Crisis in the Eurozone
11 March 2025
Europe’s common currency, the Euro, is entering its second quarter century. The European Central Bank is firmly established as the #2 central bank in the world. It has survived years of turbulence. For now, debt markets are stable and the politics of Europe’s common currency are quiet. Can this last?
Europe faces huge challenges. Its economy is sluggish. Europe fears falling behind in the global tech race. It faces new security threats. Trans-Atlantic relations have been thrown into turmoil by the reelection of Donald Trump. On the horizon looms the challenge of the energy transition. This panel will explore the challenges facing the Euro area and the prospects for its future development.
The New Washington Consensus
For decades, we have been told that government-operated businesses are bad for the economy. A staple of the “Washington Consensus” that emerged in the 1980s was that “private industry is managed more efficiently than state enterprises,” because the threat of bankruptcy keeps managers in private companies focused on the bottom line. Originally formulated for countries in Latin America and then applied during the post-communist transition in Central and Eastern Europe, the Washington Consensus has been the dominant economic policy paradigm ever since.
“Les idées larges”
May 2025
Laura Raim interviews Katharina Pistor for the ARTE series “Les idées larges” (Big Ideas) about the Code of Capital and its application to data (in French and German).
“42: The Answer to Almost Everything”
February 23, 2025
Katharina Pistor is featured in an episode about why wealth is so unfairly distributed. (In German and French with English subtitles).
Grammar of Calculated Ambiguity
Katharina Pistor participated in this video-are-project by the Swiss media-artist Gabriela Löffel, that dissects the role of professional services, including lawyers, accountants and trust advisors, in expanding the system of offshore finance and tax avoidance.
Organizing for change Towards: a new paradigm for meat governance
Wednesday, January 15, 2025. 8:00 PM 9:30 PM
Our meat production focuses on profit at any price – ecological and social costs are neglected. Katharina Pistor argues for an alternative system: ‘Organizing for change’. Animals should no longer be regarded merely as capital, but should be at the center of a system that protects the earth and regenerates resources.
The Laws of Capitalism: Trailer
Introduction to the Laws of Capitalism series at New Economic Thinking (INET).
In this series, Professor Katharina Pistor (@ColumbiaLawSchool1) breaks down the history, process, institutions, and participants involved in the legal coding of capital. She shows us how private actors have harnessed social resources to accumulate wealth, generating not only economic inequality, but inequality in law. Enabling them to opt out of jurisdictions, restrict governmental policy, and erode democracy.
INET Videos: Coding Capital – An Animation
Katharina Pistor explains how our legal system is manipulated to protect wealth, and why the rules of the game always seem just out of reach.
Produced by Matthew Kulvicki & Nick Alpha
The Break Down: The Invisible Code of Capitalism.
Capitalism could not exist without the power and structure of the law — that’s the simple but radical argument made by my guest today, Katharina Pistor, law professor at Columbia University, and the author of The Code of Capital: How The Law Creates Wealth and Inequality.
Ezra Klein Show: A Guide to the ‘Legal Fictions’ that create Wealth, Inequality, and Economic Crises.
This is a conversation that delves into the deepest layer of our economic system — one that shapes all of our lives even as it remains largely invisible. We discuss the four legal attributes that transform an ordinary asset into a wealth-generating device, how the law creates corporations and financial instruments out of thin air, the “feudal calculus” that underpins our modern economy, why focusing solely on wealth redistribution will never be sufficient to solve economic inequality, how private lawyers — operating outside democratic institutions — end up shaping the rules of our economic system, the “law and finance paradox” that explains why financial crises happen, how legal manipulation has eroded the “social contract” of capitalism, whether the law can work as a tool to help fight climate change and more.
To Google or Not to Google
A company that achieves its monopoly status by offering better products or services has not broken any law; but the situation changes when it willfully acquires or maintains that power. With a federal judge ruling that Google has crossed the line, the future of internet search is now an open question.