A World in Debt: Evolution of the Relationship Between Debtors and Creditors from Antiquity through the Great Recession. This course will explore the history, philosophy and mechanics of bankruptcies, reorganizations and other forms of insolvency proceedings from antiquity through the present. Consideration will be given to how society deals with insolvent individuals, corporations and even cities and nations (i.e. Detroit, Greece, Puerto Rico). Emphasis will be given to the conflicting and recurring themes of debtor punishment versus rehabilitation and fresh start. Finally, the course will focus on current insolvency issues including “too big to fail” legislation, cross border bankruptcies in the era of globalization, and the student loan crisis.