3.2. Public Enterprise within a Market Economy
As soon as an undertaking is no longer operated under the profit motive, other principles must be adopted for the conduct of its affairs.
As soon as an undertaking is no longer operated under the profit motive, other principles must be adopted for the conduct of its affairs.
The virtue of the profit system is that it puts on improvements a premium high enough to act as an incentive to take high risks.
Mises University is the world’s leading instructional program in the Austrian school of economics.
Mises University is the world’s leading instructional program in the Austrian school of economics.
Mises University is the world’s leading instructional program in the Austrian school of economics.
Mises University is the world’s leading instructional program in the Austrian school of economics.
Mises University is the world’s leading instructional program in the Austrian school of economics.