Regulation and Deregulation of Financial Markets from the Perspective of Law and Economics

Just Financial Markets?

10.1093/oso/9780198755661.001.0001 ◽

2017 ◽

Cited By ~ 1

Keyword(s):

Financial Crisis ◽

Financial Markets ◽

Political Theory ◽

Law And Economics ◽

Well Being ◽

The Self ◽

Free Markets ◽

Legal Frameworks ◽

Economic Well Being

Well-functioning financial markets are crucial for the economic well-being and the justice of contemporary societies. The Great Financial Crisis has shown that a perspective that naively trusts in the self-regulating powers of free markets cannot capture what is at stake in understanding and regulating financial markets. The damage done by the Great Financial Crisis, including its distributive consequences, raises serious questions about the justice of financial markets as we know them. This volume brings together leading scholars from political theory, law, and economics in order to explore the relation between justice and financial markets. Broadening the perspective from a purely economic one to a liberal egalitarian one, the chapters of the volume explore foundational normative questions about how to conceptualize justice in relation to financial markets, the biases in the legal frameworks of financial markets that produce unjust outcomes, and perspectives of justice on specific institutions and practices in contemporary financial markets. Written in a clear and accessible language, the volume presents analyses of how financial markets (should) function and how the Great Financial Crisis came about, proposals for how the structures of financial markets could be reformed, and analyses of why reform is not happening at the speed that would be desirable from a perspective of justice.

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Recht und Ökonomie

10.5771/9783845266671 ◽

2020 ◽

Keyword(s):

Financial Markets ◽

Law And Economics ◽

Debt Crisis ◽

Patent Law ◽

Point Of View ◽

Media Law ◽

Business Studies ◽

Legal Studies ◽

The Media ◽

The Relationship

In this book, renowned authors from illustrious universities and institutions analyse the relationship between law and economics, which has been discussed controversially for decades, from different perspectives and disciplines, and, in doing so, they address topical subjects. The first part of the book considers the relationship between law and economics in two introductory chapters: one from the point of view of legal studies, the other from a business studies perspective. The second part focuses more on individual policy areas, the most important of which are the national debt crisis, financial markets, the transport industry, the media and telecommunications sector, media law, patent law, antitrust law and the hospital reform of 2015.

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