Financial law is often seen as a technical field, but beneath the surface lies a powerful truth: law doesn’t just regulate markets, it shapes them. In today’s globalized economy, understanding the legal foundations of wealth is more important than ever. In this episode of the AMAL Podcast, we speak with Professor Katharina Pistor, author of the widely acclaimed The Code of Capital: How the Law Creates Wealth and Inequality. Professor Pistor explains how law transforms ordinary assets, such as land, debt, and data into capital by granting them characteristics like priority, durability, universality, and convertibility. Together we explore the legal definition of capital, how global legal convergence affects wealth inequality between nations, and legal reforms that could develop a more equitable economic system. If you are interested, click below to listen to this episode, and do not forget to share it with your friends.