We tend to demonize people who make money – how dare they have more than us? But that negative reaction forgets the voluntary role we play in profit-making every day. This week in Words and Numbers, Antony Davies and James R. Harrigan discuss just how good it is to earn a profit, and the vital difference between that and forcing money from people.
Watch their conversation below or on YouTube.
For more on this, see:
There’s No Such Thing As Excessive Profits
Profit Is Praiseworthy, and Always Awesome
The Pursuit of Profit Is Pro-Social
Free Markets vs. Government Plunder
Why Business’s Desire for Profit Is a Good Thing
…and for research, see:
Exxon Mobil Corporation stock statistics
Exxon Mobil Corporation stock balance sheet
Domino’s Pizza stock balance sheet
Corporate profits after tax with inventory valuation adjustment and capital consumption adjustment
Antony Davies
Antony Davies is an associate professor of economics at Duquesne University in Pittsburg.
He is a member of the FEE Faculty Network.
This article was originally published on FEE.org. Read the original article.
