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Henry Thompson

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Henry Thompson teaches economics at Auburn University.

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In Praise of Bankruptcy

Booms and BustsMoney and Banks

10/28/2008Mises Media
Bankruptcy is a normal part of economic life, covered by laws that guarantee stockholders will be compensated as much as possible. More efficient firms move in to take over what is left of bankrupt firms, buying what can be put to productive use. There is no crime in bankruptcy and, if handled...
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In Praise of Bankruptcy

Financial MarketsFree MarketsLegal System

10/28/2008Mises Daily Articles
Bankruptcy is a normal part of economic life, covered by laws that guarantee stockholders will be compensated as much as possible.
Read More