The CLS Blue Sky Blog presents Part II of the second installment of our new series, entitled “The Marketplace of Ideas.”  Part I can be found here.  Earlier installments are available here.  The intent is to present different perspectives on the same subject by two or more authors.

The subject is Professor Katharina Pistor’s Legal Theory of Finance (LTF).  For a short description of her theory and the format of the commentary we are releasing, please see here.

Our second and third releases comes to us from Cathy M. Kaplan of Sidley Austin and Jeremiah S. Pam of Columbia Law School.

Please click here for Cathy’s post, “The Legal Theory of Finance is a Starting Point,” and here for Jeremiah’s post, “Sovereigns and Safety Valves in the Legal Theory of Finance”.  Commentary on these posts is greatly encouraged.