Lawless Capitalism : : The Subprime Crisis and the Case for an Economic Rule of Law / / Steven A. Ramirez.

• Superior document: Title is part of eBook package: De Gruyter New York University Press Backlist eBook-Package 2000-2013
• VerfasserIn: Ramirez, Steven A.,
• Place / Publishing House: New York, NY : : New York University Press, , [2012]; ©2012
• Year of Publication: 2012
• Language: English
• Physical Description: 1 online resource

Inthis innovative and exhaustive study, Steven A. Ramirez posits that thesubprime mortgage crisis, as well as the global macroeconomic catastrophe itspawned, is traceable to a gross failure of law.Therule of law must appropriately channel and constrain the exercise of economicand political power. Used effectively, it ensures that economic opportunityisn’t limited to a small group of elites that enjoy growth at the expense ofmany, particularly those in vulnerable economic situations. In Lawless Capitalism, Ramirez calls forthe rule of law to displace cronycapitalism. Only through the rule of law, he argues, can capitalism bereconstructed.

Table of Contents

Frontmatter -- Contents -- Acknowledgments -- Preface: A Historic Collapse of Capitalism -- Introduction -- 1. A Revolution in Economics (but Not in Law) -- 2. The Corrupted Corporation -- 3. Animal Spirits and Financial Regulation -- 4. Rigged Globalization -- 5. The Costs of Economic Oppression -- 6. The Crisis in Crisis Management -- 7. The Potential for an Economic Rule of Law -- Epilogue. Optimized Legal Infrastructure and the End of Scarcity -- Notes -- Index -- About the Author