Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.
You May Also Like
Editor's Pick
In this StockCharts TV video, Mary Ellen reviews the broad-based rally that pushed the Equal-Weighted SPX to new highs. She also shared base breakouts and...
Tech News
Illustration by Alex Castro / The Verge The young streamer behind a viral meme coin called Quant was doxxed by the crypto community after...
Editor's Pick
Clark Packard In anticipation of the Thanksgiving holiday this week, the Cato Institute published a new essay from Philip G. Hoxie entitled “Globalization Helps...
Editor's Pick
Eric Gomez and Benjamin Faber In October 2024, Congress received notification of two new arms sales for Taiwan, and the Ministry of National Defense...