Abstract

http://ssrn.com/abstract=1498702
 


 



How Movies Created the Financial Crisis


Larry E. Ribstein (Deceased)


University of Illinois College of Law; PERC - Property and Environment Research Center

November 1, 2009

Michigan State Law Review, Winter 2009
U Illinois Law & Economics Research Paper No. LE09-029

Abstract:     
Narrative makes sense out of reality and can forcefully persuade listeners to a particular point of view. Artists in general have a narrative of business which springs from their belief that at least some aspects of business are antithetical to art. Filmmakers add to this a resentment of the constraints capital places on their art. Film is particularly persuasive because of its vivid images and because of the consistency of filmmakers’ anti-capitalist perspective on business. Filmmakers’ negative portrayal of capitalists has helped to prepare the public to believe that capitalists - and not government, economic cycles, greedy people or business generally - caused the financial crisis. This will help the public accept a regulatory agenda built on this premise, specifically including the regulation of hedge funds.

Number of Pages in PDF File: 16

Keywords: Film, business regulation

JEL Classification: G38, K20, K22, L21, L51

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Date posted: November 3, 2009  

Suggested Citation

Ribstein (Deceased), Larry E., How Movies Created the Financial Crisis (November 1, 2009). Michigan State Law Review, Winter 2009; U Illinois Law & Economics Research Paper No. LE09-029. Available at SSRN: http://ssrn.com/abstract=1498702 or http://dx.doi.org/10.2139/ssrn.1498702

Contact Information

Larry Edward Ribstein (Deceased) (Contact Author)
University of Illinois College of Law ( email )
504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
217-244-9881 (Phone)
217-244-1478 (Fax)
PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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