Occasional Xs: The futile attempt to recycle Austrianism (XIX)

 

#Economics

The history of economic thought is the history of scientific failure. #HenryHazlitt NEVER understood what #Profit is. In Ch. XXII of his Economics in One Lesson he got the key concept of the subject matter wrong. #Austrianism is proto-scientific garbage to this day. pic.twitter.com/tbISG2ClQH

— E.K-H (@AXECorg) December 15, 2023

For details of the big picture see cross-references Profit.