A New Year’s Resolution for Politicians: Understand Profit
Posted: January 6, 2012 Filed under: Profit Leave a comment »Does the Lack of a Profit Motive Affect Hiring in Academe? Evidence from the Market for Lawyers
Posted: September 6, 2011 Filed under: Profit Leave a comment »http://onlinelibrary.wiley.com/doi/10.1111/j.1536-7150.2011.00799.x/abstract
Why Profit Is Our Best Friend
Posted: August 15, 2011 Filed under: Health Care, Profit Leave a comment »http://healthblog.ncpa.org/why-profit-is-our-best-friend/
A New Year’s Resolution for Politicians: Understand Profit – Art Carden – The Economic Imagination – Forbes
Posted: January 1, 2011 Filed under: Profit, Uncategorized Leave a comment »
Is Profit Evil?
Posted: December 15, 2010 Filed under: Profit Leave a comment »http://econlog.econlib.org/archives/2010/12/is_profit_evil.html
The Psychology of People Against Profit, Bryan Caplan | EconLog | Library of Economics and Liberty
Posted: December 15, 2010 Filed under: Greed, Profit, Uncategorized Leave a comment »http://econlog.econlib.org/archives/2010/12/the_psychology_1.html
Importance of Profits
Posted: March 31, 2010 Filed under: Prices, Profit Leave a comment »http://seanwmalone.blogspot.com/2010/02/importance-of-profits.html
Hayek on Prices
Posted: February 7, 2010 Filed under: Knowledge, Knowledge Problems, Morals, Prices, Profit, Quotes Leave a comment »“Prices and profits are all that most producers need to be able to serve more effectively the needs of men they do not know. They are a tool for searching – just as…the telescope extends the range of vision…The disdain of profit is due to ignorance.”
- F.A. Hayek, Fatal Conceit, Page 104
Consumer Choices And Corporate Conspiracies
Posted: October 20, 2009 Filed under: Economics, Profit, Uncategorized Leave a comment »Sent to you via Google Reader
Consumer Choices And Corporate Conspiracies
My son and I attended a packed NMU vs. Hillsdale football game this past weekend. (Suffice it to say not only is their economics department stronger than ours, so, too, is their football team.) When many people started to leave a few minutes before the game’s end, my son asked why. I explained that they are trying to beat the traffic. “That will cause traffic,” he replied.
Now, we all know that this is rational. Some are willing to bear a higher cost now to avoid even higher costs later. The unintended consequence is clear, and desirable: the flow of traffic slowly builds up in an orderly way in advance. People act on their expectations. Nobody in their right mind would argue that somehow the suppliers of parking services engage in a conspiracy to increase the costs of the drivers before and after the end of the game. The drivers chose to do so themselves.
Even an eleven year old boy knows this. But, when a similar process occurs in a market — a rise in price expectations that lead people to to buy more now — and voluntarily pay more now — suddenly the story becomes one of greed and conspiracy among the suppliers. My boy is now beginning to see the fallacy in this. When will millions of able-minded adults?
Daniel J. SmithSent Via Mobile Phone
Sheldon Richman on Michael Moore’s Love Story
Posted: October 16, 2009 Filed under: Capitalism, Corporatism, Michael Moore, Profit Leave a comment »“When two people barter, are they mutually exploiting each other when each gets more value than he gives up? To consistently oppose profit, one would have to oppose all human action, since every action aims at asurplus of subjective benefit over subjective opportunity cost.”
http://fee.org/articles/tgif/frustrating-michael-moore/
