This book examines how value creation is a matter of innovation activities, and these are premised on legal rights that create not only incentives, corporations, and markets, but that more widely signal to market actors what kind of activities that are consistent with policy makers' economic and social welfare objectives.

Alexander Styhre is Chair of Management and Organization in the Department of Business Administration of the School of Business, Economics and Law at the University of Gothenburg, Sweden.

Chapter One. Introduction: The legal basis of markets Chapter Two. Legal institutionalism and the question of legal coding Chapter Three. The patent as legal device Chapter Four. Patents as the legal coding of innovation ideas Chapter Five. The ethics and political economy of intellectual property rights Chapter Six. Law makes markets and market rules, and markets generate innovation: Legal institutionalism and its analytical benefits