"People are focused today on some trees, but are missing the forest." FEE President, Lawrence W. Reed, addresses the connection between Liberty and Character.
What is profit? Is it wrong to profit? Before answering that question, maybe we should start with a more mundane question: What do profits do? Or, how does the system work? In this exclusive FEE video, economist Frederic Sautet explains that profit guides entrepreneurs. If there is no profit (or loss), there is no guide.
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In this online class, Edward Stringham and Frederic Sautet will introduce students to fundamental concepts about entrepreneurship. They will discuss the role of entrepreneurial profit, government regulations, market ethics and economic development.
Praxis Co-Founder T.K. Coleman talks about the difference between wishing for a better life and taking meaningful action to pursue your goals and values.
Should governments regulate and intervene to correct "market failures?"
Steve Horwitz explains the dynamics of interventionism and the issues with regulating and intervening in the free market.
"What regulation and intervention do is prevent markets from discovering new ways of solving existing problems and new ways of solving new problems. When regulation erects barriers to entry or other kinds of limits on market behavior, it cuts short this discovery process, and that leads to inefficiency and waste of resources."
Find out more about regulation and intervention here: http://www.thefreemanonline.org/headline/free-markets-are-regulated/
In this video from FEEs archive Professor Peter Lewin discusses Austrian Capital Theory with students attending a summer seminar in 2004. To watch this video uncut or to download the audio, go to http://ht.ly/1DBeJ.
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