This book discusses the relationship between democracy and the
financial order from various legal perspectives. Each of the nine
contributions adopts a unique perspective on the legal and
political challenges brought to the fore by the Global Financial
Crisis. This crisis and the ensuing sovereign debt crisis in Europe
are only the latest in a long series of financial crises around the
globe in recent decades. By their very existence, but also as a
result of the political turmoil they have created, these financial
crises testify to the well-known tensions between democracy and a
market-based economic and financial order. However, what is missing
in this debate is an analysis of the role of law for reconciling
democracy with a market-based financial order. To fill this lacuna,
the book focuses on the controversy surrounding the concept of law,
thereby adding another variable to the debate on the relation
between democracy and capitalism. Each chapter addresses the
concept of law from a particular theoretical angle, be it a
full-grown legal theory or an approach in political economy that
has a particular view of the law.
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