Bankruptcy Laws and Entrepreneurship
The New Yorker's regular financial columnist, James Surowiecki, writes this week about the US bankruptcy laws - suggesting that the changes to US consumer bankruptcy law made in 2005 'ended up making the economy less dynamic and less flexible.' Surowiecki mentions a recent paper 
by John Armour and Douglas Cumming that 'found a close correlation between the nature of a country’s bankruptcy laws and its rate of self-employment.'
Add your comment... (note that all comments are reviewed before they're published)