Is profit a dirty word? Would the world be better off without them? Or are profits progressive — the only thing that can move potatoes from Idaho to Manhattan and medicine from America to Africa? Professor and economist Walter Williams explains.
The views expressed above represent those of the author and do not necessarily represent the views of the editors and publishers of Capitalism Magazine. Capitalism Magazine sometimes publishes articles we disagree with because we think the article provides information, or a contrasting point of view, that may be of value to our readers.
Related articles
Protectionism can’t enrich the country as a whole, only boost certain individuals and industries while impoverishing the rest.
The Industrial Revolution has allowed mankind to improve his environment.
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
Labor is not, in itself, a source of value. Labor is expended in the pursuit of value, and the market process’s competing bids and offers convert people’s individual assessments into intelligible data called prices.
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
Read by students, professors, and citizens, Capitalism Magazine provides over 9,000 free to read articles and essays from pro-reason, individual rights perspective.
No spam. Unsubscribe anytime.