All Posts Tagged With: "profit"
SimEconomics
My daughter, at 13, has built a railroad across Europe. She has planned and governed a large metropolitan area. Recently she began a successful farm. Oh, and she’s conquered the world. She has done it all at our home computer—sometimes while I was waiting for my turn to play. Welcome to the world of personal [...]
1Nov1996 | Lawrence H. White | 2 comments | ContinuedInequality of Wealth and Incomes
Professor Mises (1881-1973), one of the century’s pre-eminent economic thinkers, was academic adviser to The Foundation for Economic Education from 1946 until his death. This article first appeared in the May 1955 issue of Ideas on Liberty, published by FEE. The market economy—capitalism—is based on private ownership of the material means of production and private [...]
1Mar1996 | Ludwig von Mises | 1 comment | ContinuedTwo Insights for Business Ethics
Dr. Rasmussen is Professor of Philosophy at St. John’s University in New York City. Business ethics does not stand by itself. It depends in large measure on the insights of political philosophy and ethics. Of course, it is not possible to do everything at once, and works in business ethics cannot be expected to deal [...]
1May1995 | Douglas B. Rasmussen | 0 comments | ContinuedInequality of Wealth and Incomes
Where there is a lower degree of inequality in wealth, there is also a lower average standard of living The Market Economy—capitalism—is based on private ownership of the material means of production and private entrepreneurship. The consumers by their buying or abstention from buying ultimately determine what should be produced and in what quantity and [...]
1May1955 | Ludwig von Mises | 0 comments | Continued-
The Latest
Government Beneficence and Other Fairy Tales
I admit I’m amused by the unceasing economic and political malarkey that flows from the pundits at... Read More
The Myths of the Interventionists
One of the most pernicious myths in the economic history of the twentieth century is the belief that... Read More
JPMorgan Chase and Casino Banking
JPMorgan Chase & Co., one of the nation’s leading banks, revealed in May that a London trader racked... Read More
Individualism, Trade-Unions, and “Self-Governing Combinations”
Who do you imagine said this? “[Trade-unions] seem natural to the passing phase of social evolution,... Read More
Bubbles, Malinvestment, and Higher Education
Many commentators are asking whether the next big bubble to burst will be the debt associated with the... Read More
