• The Economics and Egoism of Profit

  • Aug 27 2024
  • Length: 1 hr and 31 mins
  • Podcast

The Economics and Egoism of Profit

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  • Summary

  • "Profit foes accept the ‘zero-sum’ fallacy and the myth that factors of production create equal value. Disdain for profit reflects a deeper distrust of its ethical essence – rational self-interest. Profit is crucial to capitalism, but even in our personal (non-commercial) lives, we’re rational and right to maximize the benefits versus the costs of our actions. On economic, ethical, and personal grounds, profit deserves our unabashed allegiance." - Richard Salsman
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