The War on Producers and Entrepreneurs Is Based on False Notions of Profits

01/30/2024 Ezra Wyrick

Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers.

Original Article: The War on Producers and Entrepreneurs Is Based on False Notions of Profits

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