EPISODE · Dec 9, 2024 · 7 MIN
Entrepreneurial Profit Follows Good Decisions, Not Exploitation
from Audio Mises Wire · host Mises Institute
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.Original article: Entrepreneurial Profit Follows Good Decisions, Not Exploitation
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