Lawless Capitalism

Lawless Capitalism

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

by Steven A. Ramirez

304 pages, 6.00 x 9.00 in

  • Paperback
  • ISBN: 9781479845323
  • Published: June 2014

$25.00

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  • Hardcover
  • ISBN: 9780814776490
  • Published: December 2012

$75.00

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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.