Profit, Loss, and Discovery
![](https://b2294532.smushcdn.com/2294532/wp-content/uploads/2021/02/eye-open.png?lossy=0&strip=1&webp=1)
Description
From the IHS Vault: Economics professor Howie Baetjer of Towson University explains how the market process generates improvements in the human condition. In particular, he highlights how profit & loss serve to help people channel their activities in creative and socially useful directions. Filmed at the 2006 IHS seminar “Exploring Liberty” at Princeton University. Produced by Inextinguishable Productions.