Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Profits Are Not Random. They’re How Entrepreneurs Help Allocate Resources Efficiently.

Tags: Financial Markets, Free Markets, Rationalism

08/16/2022 Frank Shostak

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so “efficient” that entrepreneurial profits are generated randomly.

Original Article: “Profits Are Not Random. They’re How Entrepreneurs Help Allocate Resources Efficiently.”

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