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Lawless Capitalism : The Subprime Crisis and the Case for an Economic Rule of Law by Steven A. Ramirez is a nonfiction available to read on EtoBox.

What is Lawless Capitalism : The Subprime Crisis and the Case for an Economic Rule of Law about?

The subprime mortgage crisis has been blamed on many: the Bush Administration, Bernie Madoff, the financial industry, overzealous housing developers. Yet little scrutiny has been placed on the American legal system as a whole, even though parts of that system, such as the laws that regulate high-risk lending, have been dissected to bits and pieces. 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 isnOCOt 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.

Who reads Lawless Capitalism : The Subprime Crisis and the Case for an Economic Rule of Law?

Author

Steven A. Ramirez

Publisher

New York University Press

Published

2012

Language

EN

ISBN

9780814776506

Category

nonfiction

Subjects

Philosophy, Economics, Political Science

Rating

5 / 5 (4 ratings)

Updated

2026-03-14