The Financial Crisis in Constitutional Perspective

The Dark Side of Functional Differentiation

Nonfiction, Reference & Language, Law, Securities, Business
Cover of the book The Financial Crisis in Constitutional Perspective by , Bloomsbury Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781847318220
Publisher: Bloomsbury Publishing Publication: July 27, 2011
Imprint: Hart Publishing Language: English
Author:
ISBN: 9781847318220
Publisher: Bloomsbury Publishing
Publication: July 27, 2011
Imprint: Hart Publishing
Language: English

This volume presents the first thorough sociologically-informed legal analysis of the financial crisis which unfolded in 2008. It combines a multitude of theoretically informed analyses of the causes, dynamics and reactions to the crisis and contextualises these within the general structural transformations characterising contemporary society. It furthermore explores the constitutional implications of the crisis and suggests concrete changes to the constitutional set-up of contemporary society.

Although the question of individual responsibility is of crucial importance, the central idea animating the volume is that the crisis cannot be reduced to a mere failure of risk perception and management for which individual and collective actors within and outside of financial organisations are responsible. The 2008 crisis should rather be understood as a symptom of far deeper structural transformations. For example contemporary society is characterised by massive accelerations in the speed with which societal processes are reproduced as well as radical expansions in the level of globalisation. These transformations have, however, been asymmetrical in nature insofar as the economic system has outpaced its legal and political counterparts. The future capability of legal and political systems to influence economic reproduction processes is therefore conditioned by equally radical transformations of their respective operational forms and self-understanding. Potentially the 2008 crisis, therefore, has far-reaching constitutional implications.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This volume presents the first thorough sociologically-informed legal analysis of the financial crisis which unfolded in 2008. It combines a multitude of theoretically informed analyses of the causes, dynamics and reactions to the crisis and contextualises these within the general structural transformations characterising contemporary society. It furthermore explores the constitutional implications of the crisis and suggests concrete changes to the constitutional set-up of contemporary society.

Although the question of individual responsibility is of crucial importance, the central idea animating the volume is that the crisis cannot be reduced to a mere failure of risk perception and management for which individual and collective actors within and outside of financial organisations are responsible. The 2008 crisis should rather be understood as a symptom of far deeper structural transformations. For example contemporary society is characterised by massive accelerations in the speed with which societal processes are reproduced as well as radical expansions in the level of globalisation. These transformations have, however, been asymmetrical in nature insofar as the economic system has outpaced its legal and political counterparts. The future capability of legal and political systems to influence economic reproduction processes is therefore conditioned by equally radical transformations of their respective operational forms and self-understanding. Potentially the 2008 crisis, therefore, has far-reaching constitutional implications.

More books from Bloomsbury Publishing

Cover of the book Tenochtitlan 1519–21 by
Cover of the book Contemporary Australian Plays by
Cover of the book Bloomsbury CPD Library: Middle Leadership by
Cover of the book Harajuku Girls by
Cover of the book Contract Law by
Cover of the book British Mark I Tank 1916 by
Cover of the book The Uzi Submachine Gun by
Cover of the book The Wahhabi Mission and Saudi Arabia by
Cover of the book The History of Philosophical and Formal Logic by
Cover of the book Freedom and Vengeance on Film by
Cover of the book Roman Legionary vs Carthaginian Warrior by
Cover of the book Censorship and the Limits of the Literary by
Cover of the book Shakespeare and His Authors by
Cover of the book Innocence by
Cover of the book German Special Forces of World War II by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy