Profits Are Progressive

In Aristotle, we find a more subtle and sophisticated understanding of some economic themes than in Plato. While Aristotle’s answers were incomplete and often misdirected, as well as incorrect, he at least was among the first to ask the types of questions that centuries later became part of the heart of economic analysis and understanding.

All the rest of Austrian economics follows from these basic insights.

what a good has cost to produce cannot directly determine its value, What it will cost to produce determines how much of it will continue to be made

Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.