Human Action and Man, Economy and State in the History of Thought
Recorded at Mises University 2003.
Recorded at Mises University 2003.
Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized.
Ronald Hamowy discusses Hayek and the Common Law: An Assessment at the 2002 Austrian Scholars Conference.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(39:25)
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(38:26)