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

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

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Item #: 14109594
    The subprime mortgage crisis has been blamed on many: the Bush Administration, Bernie Madoff, the financial industry, overzealous housing developers. Yet little scrutiny has been placed on the American legal system as a whole, even though parts of that......more

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The subprime mortgage crisis has been blamed on many: the Bush Administration, Bernie Madoff, the financial industry, overzealous housing developers. Yet little scrutiny has been placed on the American legal system as a whole, even though parts of that system, such as the laws that regulate high-risk lending, have been dissected to bits and pieces. 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 isnít 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.

Author:
Ramirez, Steven A.
Genre:
LAW / Business & Financial
Audience:
College/higher education
Format:
Hardcover
Pages:
286
Language:
English
Publisher:
New York Univ Pr
Publish Date:
12/03/2012
Copyright Year:
2013
ISBN:
9780814776490
Height:
9.0 in
Wdth:
6.0 in
Thickness:
1.0 in
Unit weight:
1.2 lb
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