1.

Record Nr.

UNINA9910786445103321

Autore

Ramirez Steven A.

Titolo

Lawless capitalism : the subprime crisis and the case for an economic rule of law / / Steven A. Ramirez

Pubbl/distr/stampa

New York, NY : , : New York University Press, , [2012]

©2012

ISBN

0-8147-7729-5

Descrizione fisica

1 online resource (305 p.)

Classificazione

QK 600

Disciplina

174

346.73082

Soggetti

Liability (Law)

Law and economics

Financial institutions - Law and legislation - United States

Business and politics - United States

Corporate governance - Moral and ethical aspects - United States

Capitalism - Moral and ethical aspects - United States

Financial crises - Moral and ethical aspects - United States

Global Financial Crisis, 2008-2009 - Moral and ethical aspects

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Front matter -- 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

Sommario/riassunto

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.