This title was first published in 2000. The essays in this collection critically examine the principal themes and issues shaping contemporary writing on corporate law, and the law and economics of the firm. These include: contractarian theory; the institutional shareholder movement; path-dependent institutional evolution; comparative corporate governance; and team production. In particular, the essays demonstrate how American corporate legal theory embraces and then abandons a market efficiency account of corporate governance, turning outwards and searching worldwide for more effective legal and organizational strategies.