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Lawless Capitalism

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

Lawless Capitalism by Steven A. Ramirez
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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.

NYU Press; December 2012
304 pages; ISBN 9780814776506
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Title: Lawless Capitalism
Author: Steven A. Ramirez
 
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ISBNs
0814777295
9780814776506
9780814777299
9781479845323