Occasional Tweets: High time to finally bury von Mises

 

von Mises: “In the imaginary construction of a stationary economy the total sum of all entrepreneurs’ profit equals the total sum of all entrepreneurs’ losses.”

This is provably false. von Mises never understood #Profit. That's lethal for an #Economist.⇒https://t.co/9OOvd2cAqJ

— E.K-H (@AXECorg) September 30, 2021

For more about von Mises see AXECquery.