Rescuing Business: The Making of Corporate Bankruptcy Law in England and the United States

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Clarendon Press, 1998 - Law - 582 pages
Corporate bankruptcy is a defining characteristic of the market economy. It encapsulates the fundamental conflict between capital and labor. But, with one or two notable exceptions, the political and social dynamics of bankruptcy law and practice have been largely overlooked by sociolegal scholars. This book remedies that neglect. It compares key English and American insolvency laws to identify those underlying political forces that established corporate bankruptcy law on both sides of the Atlantic. Also, it shows how and why corporate insolvency regulation is the creation of the lawyers who interpret and administer it. This book will be welcomed as an important sociological study, for it advances our understanding of how substantive law results from conflicts among the professionals who help to make it.

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About the author (1998)

Bruce G Carruthers is Associate Professor in the Department of Sociology of Northwestern University. He was educated in Canada and the USA. He received his doctorate from the University of Chicago and has taught at Northwestern University since 1990, where he is Graduate Director of the sociology program. He is a consulting editor of the American Journal of Sociology.Terence C Halliday is Senior Research Fellow at the American Bar Foundation, President of the National Institute for Social Science Information and Chair of the Sociology of Law Section of the American Sociological Association. He was educated in New Zealand, Canada and the USA. He received his doctorate from the University of Chicago and has taught at the Australian National University and the University of Chicago.

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