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Lawless Capitalism
The Subprime Crisis and the Case for an Economic Rule of Law
Steven A. Ramirez
 
304 pages
December, 2012
ISBN: 9780814776490
 
Introduction
Table of Contents
 
$65.00 Cloth
also available in Paper, eBook
click here for exam or desk copy
 
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Subjects: Law, Political Science, Economics & Business
 

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.


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