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.
Breaking
- Jean-Baptiste Say: Neglected Champion of Laissez-Faire
- A Quick Cutter’s Guide for the US Department of Education
- Distribution Tables Distort the Tax Policy Debate
- Let’s Be Realistic
- Small-caps Trigger Bearish, but Large-caps Hold Uptrend and Present an Opportunity
- Trump signals readiness for swift UK-US trade deal during Prime Minister’s Washington visit
- Skype to shut down in May 2025, directing users to teams free
- Instagram weighs standalone reels app amid TikTok uncertainty in the US