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Chapter 11

Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far

Jialan Wang
Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed during the...

The Secret Code of Capital and the Origin of Wealth Inequality

Katharina Pistor
Capital is not a thing, but a social relation enforced by the law and the state. With the right legal coding, any object, claim,...

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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