Redefining the Market-State Relationship

This book offers an interdisciplinary overview of the role of law in modern capitalism in the context of financial crisis. It discusses key issues relevant to the crisis including an assessment of the meltdown of the sub-prime mortgage market, the credit crunch, the European debt crisis and the turmoil in Greece. The book includes a methodological defence of the state-market dichotomy, a critique of the tenets of neoclassical economics, and an evaluation of what the financial crisis heralds for the future of the political economy of western democracies. This book is valuable in contributing a unique, legal perspective to the underlying dynamics of the financial crisis."Speaking about topics that address everyone, the book belongs not only to the bookcase of every lawyer, economist and political scientist, but also to the bookcase of every concerned citizen. Questioning the obvious is a way to change and progress." - Meta Ahtik, Journal of Interantional Banking Law and Regulation, 2015