Why has the nation’s legal system evolved to allow both corporate and individual debtors greater control over their fate than imaginable elsewhere? Probing the political dynamics behind this question, this…

When States Go Broke discusses the ongoing fiscal crisis among the American states. No one disagrees with the idea that the states face enormous political and fiscal challenges. This volume…

Americans have always loved risktakers. Like the Icarus of ancient Greek lore, however, even the most talented entrepreneurs can overstep their bounds. All too often, the very qualities that make…