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Financial Regulation, Capabilities and Human Rights in the US Financial Crisis: The Case of Housing

Author

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  • Radhika Balakrishnan
  • Diane Elson
  • James Heintz

Abstract

This paper analyses the role of finance and financial regulation in shaping capabilities, in the context of the 2008 financial crisis in the USA, paying particular attention to the implications for capability to be adequately housed. It argues that public reasoning and public action to safeguard this capability can benefit from reference to the obligation to realize the human right to adequate housing. The paper contributes to two areas of discussion that have been relatively neglected in relation to capabilities: the role of finance and financial regulation; and the role of human rights obligations in safeguarding and expanding capabilities.

Suggested Citation

  • Radhika Balakrishnan & Diane Elson & James Heintz, 2011. "Financial Regulation, Capabilities and Human Rights in the US Financial Crisis: The Case of Housing," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 12(1), pages 153-168.
    • Handle: RePEc:taf:jhudca:v:12:y:2011:i:1:p:153-168
    DOI: 10.1080/19452829.2011.541797
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    Cited by:

    1. Canton, César G., 2012. "Empowering People in the Business Frontline: The Ruggie’s Framework and the Capability Approach," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(2), pages 191-216.
    2. Andrea Vigorito, 2011. "Bibliography on the Capability Approach 2010--2011," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 12(4), pages 607-612, November.

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