Profit And Loss (1951)

""Profit and Loss"" is a classic economic text written by Ludwig von Mises in 1951. In this book, Mises explores the fundamental principles of economics, particularly the role of profit and loss in the market economy. He argues that profit and loss are essential for the efficient allocation of resources, as they provide the necessary incentives for entrepreneurs to invest in productive activities and for consumers to make rational choices. Mises also discusses the impact of government intervention in the economy and the dangers of inflation, as well as the importance of private property rights and the rule of law. This book is a must-read for anyone interested in economics and the workings of the free market system.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.