What is it that creates profit, according to mises

Reference no: EM133394114

1. What is it that creates profit, according to Mises?

2. Why does Mises say that people who tax profits are "injuring themselves"?

3. Mises suggests that "Public opinion condones profits only as far as they do not exceed the salary paid to an employee. All surplus is rejected as unfair." Mises was writing in 1951 - do you think public opinion is the same now as it was then? Give some examples of people in today's world who have been excused of earning excessive profits.

4. Mises says one of the main functions of profit is to shift control of resources to people who know best how to use them. Describe Mises's view of how this happens in your own words.

Reference no: EM133394114

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