4.2. Interference with the Height of Profit

Tags: Interventionism, Production Theory, The Entrepreneur, Taxes and Spending

05/02/1944 Ludwig von Mises

The virtue of the profit system is that it puts on improvements a premium high enough to act as an incentive to take high risks. If this premium is removed or seriously curtailed, there cannot be any question of progress.

From Chapter IV: “Bureaucratic Management of Private Enterprises”. Narrated by Millian Quintero.

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