Author : Steven A. Ramirez
Publisher : NYU Press
Page : 305 pages
File Size : 43,6 Mb
Release : 2014-06
Category : Business & Economics
ISBN : 9781479845323
Lawless Capitalism by Steven A. Ramirez Pdf
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.