Profit, Loss, and Discovery

Release Date
February 10, 2011

Topic

Basic Economics
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.