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

Front Cover
NYU Press, Dec 3, 2012 - Law - 304 pages

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.

 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
1
1 A Revolution in Economics but Not in Law
17
2 The Corrupted Corporation
47
3 Animal Spirits and Financial Regulation
74
4 Rigged Globalization
105
5 The Costs of Economic Oppression
131
6 The Crisis in Crisis Management
159
7 The Potential for an Economic Rule of Law
184
Optimized Legal Infrastructure and the End of Scarcity
217
Notes
221
Index
277
About the Author
286
Copyright

Other editions - View all

Common terms and phrases

About the author (2012)

Steven A. Ramirez is Professor of Law and Associate Dean at Loyola University of Chicago, where he also directs the Business and Corporate Governance Law Center.

Bibliographic information