Profit is not the explanation, cause, or rationale of business behavior and business decisions, but rather the test of their validity… the root of the confusion is the mistaken belief that the motive of a person — the so-called profit motive of the businessman — is an explanation of his behavior or his guide to right action. Whether there is such a thing as a profit motive at all is highly doubtful. The idea was invented by the classical economists to explain the economic reality that their theory of static equilibrium could not explain.
williac liked this
brooksjordan reblogged this from mikehudack and added:
adca liked this
youmeandmyapi liked this
chasburgersandscreebs reblogged this from slantback
slantback reblogged this from jratlee
rankandfile liked this
reactorboy liked this
jratlee reblogged this from mikehudack
jaredklett liked this
azspot liked this
mikehudack reblogged this from rahmin
rahmin posted this
