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Unpublished Paper
The Financial Crisis and the Future of Law and Economics
ExpressO (2010)
  • Wladimir D. Kraus
A Failure of Capitalism is a multifaceted contribution to our understanding of the Great Recession. But, due to its overwhelmingly macroeconomic character and substance, the nuanced approach of the law and economics scholarship is virtually absent, and so is any plausible explanation of the financial crisis that touched off the great recession. This is puzzling, because attention to the economic consequences of the law seems to provide a much more powerful framework for understanding what caused the financial collapse, and it is a natural approach for scholars of law and economics to pursue.
  • book review,
  • Richard Posner,
  • A Failure of Capitalism,
  • financial crisis,
  • Basel capital regulations
Publication Date
March 23, 2010
Citation Information
Wladimir D. Kraus. "The Financial Crisis and the Future of Law and Economics" ExpressO (2010)
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