Business and Economic Change
Profit and loss is the heart of business and economic change. Entrepreneurs drive the market at every level, predicting future wants and taking risks with their property. Earning profits is never guaranteed.
Profit and loss is the heart of business and economic change. Entrepreneurs drive the market at every level, predicting future wants and taking risks with their property. Earning profits is never guaranteed.
Austrian economists differ from mainstream economists mainly in this way: they do not rely on mathematical models, but on understanding what causes success or failure in the real world. Opportunity costs determine the choices people make.
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
Recorded at FreedomFest, 10 July 2010. Includes an introduction by Douglas E. French.
Includes remarks and presentations by Douglas French, Joseph Salerno, Jörg Guido Hülsmann, and Dario Fernandez.
Featuring Garrison, Hülsmann, Long, Herbener, Gordon, and Salerno. Recorded at Mises University 2010.
In defense of tax loopholes and other things that horrify “mainstream” economists. Recorded at Mises University 2010.
Featuring Block, DiLorenzo, Klein, Thornton, Terrell, Woods, and Murphy. Recorded at Mises University 2010.
Featuring Block, DiLorenzo, Klein, Thornton, Terrell, Woods, and Murphy. Recorded at Mises University 2010.