Offering an in-depth analysis of the theory of the firm, this book argues that the theory of the firm has no validity in law. It corrects the mistaken belief of the relationship of property law and agency law to corporate law, and the relationship of corporate law to economics.

Prologue 1. Review of Corporations and Corporate Law, Contract Law, Property Law, Agency Law, and Trust Law Part I Corporations, Owners of Shares and Investors in Shares: Economic, Finance, Investment, and Accounting Considerations 2. Corporations and Economic Considerations 3. Corporations and Finance Considerations: Corporations, Owners of Shares, and Investors in Shares 4. Corporations and Investment Considerations: Corporations, Owners of Shares, and Investors in Shares 5. Corporations and Accounting Considerations: Corporations, Owners of Shares, and Investors in Shares PART II The Nature of the Firm and Theory of the Firm 6. The Nature of the Firm 7. The Theory of the Firm PART III Capital, Capitalism, and the Communist Manifesto 8. Capital 9. Capitalism 10. Marx: Capital, Capitalism, Capitalists, Corporations, and the Communist Manifesto Part IV The Contradictions of Economics and Corporate Law 11. Review of the Contradictions of Corporate Law 12. Contradictions of Corporate Law, Economics, Finance, Investment, Accounting, and the Theory of the Firm Epilogue