Corporations law sits on the intersection of many larger forces in society -- labour and capital, market and organisation, global and local, public and private, and so forth. In the mediation between these, corporations law can play a large part, as between market and organisation, or a small part, as between global and local. Even were you not to believe in forces writ large (pace Ireland 2002), corporations law is that environment of business relationships which in part constructs the power people exercise. Collective entrepreneurial activity is defined by corporations law, power being exercised through the acceptance of such risk-taking as both accommodating and constructing the future. The ideas which imbue corporations law therefore resonate throughout society.
Recommended CitationWishart, D., Theory, Politics and the Reform of Corporations Law (or Corporations Law as a Glob), Law Text Culture, 6, 2002.