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Bankruptcy And Economic Recovery, Thomas H. Jackson, David A. Skeel Jr. Jul 2013

Bankruptcy And Economic Recovery, Thomas H. Jackson, David A. Skeel Jr.

Faculty Scholarship at Penn Law

To measure economic growth or recovery, one traditionally looks to metrics such as the unemployment rate and the growth in GDP. And in terms of figuring out institutional policies that will stimulate economic growth, the focus most often is on policies that encourage investment, entrepreneurial enterprises, and reward risk-taking with appropriate returns. Bankruptcy academics that we are, we tend to add our own area of expertise to this stable— with the firm belief that thinking critically about bankruptcy policy is an important element of any set of institutions designed to speed economic recovery. In this paper, written for a book ...