Edward Morrison

Senior Fellow
E-mail: ermorris@uchicago.edu

Edward Morrison is currently the Paul H. & Theo Leffmann Professor of Commercial Law at the University of Chicago. Most recently, he was the Harvey R. Miller Professor of Law and Economics at Columbia Law School. Morrison’s research explores the causes and consequences of insolvency, both consumer and corporate. Current work includes a project testing the causal impact of unexpected health expenditures on bankruptcy filing rates and a series of papers exploring the determinants of homeowner mortgage default decisions. The latter papers have included several policy proposals for addressing the housing crisis in the United States. In 2009, Morrison described one of these in testimony before the Financial Services Committee of the House of Representatives. His other scholarship addresses topics such as the effects of creditor conflict on corporate bankruptcy outcomes, the regulation of financial derivatives in bankruptcy, the intersection between bankruptcy law and regulation of systemic market risk, and the dynamics of small business bankruptcy. Morrison’s work has been funded by the National Science Foundation, Pew Charitable Trusts, and other foundations. In 2012, he (and Prof. Baird) received the John Wesley Steen Law Review Writing Prize from the American Bankruptcy Institute. In 2009, he was awarded the Par Excellence Award by the University of Utah Alumni Association.