Profit and Loss (1951)
Category: ludwig von mises
Profit and Loss, a seminal work in the field of economics, was first published in 1951 and written by the renowned economist Ludwig Von Mises. This book provides a comprehensive analysis of the role of profit and loss in a free-market economy. Mises begins by explaining the nature of economic calculation and the necessity of a system of private property and free exchange for its implementation. He then delves into the concept of profit and loss, discussing how they are determined and their vital importance in the market economy.
Mises argues that profits and losses are essential in a capitalist system, as they provide crucial information to entrepreneurs about the success or failure of their ventures. He explores the relationship between entrepreneurship and profit, contending that entrepreneurs are the driving force behind economic growth and development. In addition to the economic theory behind profit and loss, Mises also presents practical examples and case studies from various industries, including agriculture, manufacturing, and finance, to illustrate his points.
Mises' insights and arguments in Profit and Loss continue to be highly relevant today, making this book a must-read for anyone interested in understanding the workings of capitalism and the market economy. The book is a facsimile reprint of the original work and may contain some imperfections, such as library marks and notations. However, this scarce antiquarian book has been made available as part of the commitment to preserve and promote the world's literature in affordable, high-quality, modern editions that are true to the original work.
Overall, Profit and Loss is a seminal contribution to the field of economics, providing a comprehensive and insightful analysis of the role of profit and loss in a free-market economy. Mises' work continues to inform and influence the understanding of capitalism and the market system, making this book an essential read for scholars, students, and anyone interested in the dynamics of the economic landscape.
product information:
| Attribute | Value | ||||
|---|---|---|---|---|---|
| publisher | Kessinger Publishing (September 10, 2010) | ||||
| language | English | ||||
| hardcover | 52 pages | ||||
| isbn_10 | 1169830994 | ||||
| isbn_13 | 978-1169830998 | ||||
| item_weight | 8.8 ounces | ||||
| dimensions | 6 x 0.25 x 9 inches | ||||
| best_sellers_rank | #2,164,177 in Books (See Top 100 in Books) #4,685 in Introduction to Investing #5,725 in Sales & Selling (Books) #89,080 in Literary Fiction (Books) | ||||
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