Today Cornell Law School celebrates the publication of Professor Annelise Riles‘ new book Collateral Knowledge: Legal Reasoning in the Global Financial Markets. Prof. Riles is the Jack G. Clarke ’52 Professor of Far Eastern Legal Studies and Director of the Clarke Program in East Asian Law and Culture. The book examines how the financial markets are governed not only by legislatures that pass laws (from the top down), but also by people and entities that participate in the system (from the bottom up), ranging from academics to people who fill out financial forms. Prof. Riles engages her topic by means of ethnographic study in Japan.
The book is available in the library and from amazon.com. I also recommend Professor Riles’ interesting blog, also entitled Collateral Knowledge, where she continues the discussion.