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    labor and wages

    Explore " labor and wages" with insightful episodes like and "The War on Producers and Entrepreneurs Is Based on False Notions of Profits" from podcasts like " and "Audio Mises Wire"" and more!

    Episodes (1)

    The War on Producers and Entrepreneurs Is Based on False Notions of Profits

    The War on Producers and Entrepreneurs Is Based on False Notions of Profits

    Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers.

    Original Article: The War on Producers and Entrepreneurs Is Based on False Notions of Profits