Occasional Tweets: Some folks are still stuck with Austrianism

 

#Economics

“The ultimate source from which entrepreneurial profit and losses are derived is the uncertainty of the future constellation of demand and supply.” (v.Mises) Absolutely false. The 3-sector #ProfitLaw reads Q≡(G−T)+(I−S)+Yd. Austrianism is proto-scientific garbage.

— E.K-H (@AXECorg) November 8, 2021

For more about Profit see AXECquery.

For more about Austrianism see AXECquery.