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Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Audio Mises Wire

Tags Financial MarketsFree MarketsRationalism

08/16/2022Frank Shostak
Narrator: 
Michael Stack

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

Original Article: "Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently."

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Author:

Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.