Description

In
this innovative and exhaustive study, Steven A. Ramirez posits that the
subprime mortgage crisis, as well as the global macroeconomic catastrophe it
spawned, is traceable to a gross failure of law.
The
rule of law must appropriately channel and constrain the exercise of economic
and political power. Used effectively, it ensures that economic opportunity
isn’t limited to a small group of elites that enjoy growth at the expense of
many, particularly those in vulnerable economic situations. In Lawless Capitalism, Ramirez calls for
the rule of law to displace crony
capitalism. Only through the rule of law, he argues, can capitalism be
reconstructed.

Lawless Capitalism: The Subprime Crisis and the Case for an Economic Rule of Law

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Paperback / softback by Steven A. Ramirez

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Short Description:

In this innovative and exhaustive study, Steven A. Ramirez posits that the subprime mortgage crisis, as well as the global... Read more

    Publisher: New York University Press
    Publication Date: 01/06/2014
    ISBN13: 9781479845323, 978-1479845323
    ISBN10: 1479845329

    Number of Pages: 304

    Non Fiction , Law , Education

    Description

    In
    this innovative and exhaustive study, Steven A. Ramirez posits that the
    subprime mortgage crisis, as well as the global macroeconomic catastrophe it
    spawned, is traceable to a gross failure of law.
    The
    rule of law must appropriately channel and constrain the exercise of economic
    and political power. Used effectively, it ensures that economic opportunity
    isn’t limited to a small group of elites that enjoy growth at the expense of
    many, particularly those in vulnerable economic situations. In Lawless Capitalism, Ramirez calls for
    the rule of law to displace crony
    capitalism. Only through the rule of law, he argues, can capitalism be
    reconstructed.

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