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A business is comprised of an entrepreneur and all the factors of production he uses in order to produce goods.

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  • Entrepreneurial Profit & Loss

• Recent Posts

  • WikiLeaks on Afghan War – The Government’s Moral Bankruptcy Exposed
  • Thoughts on Canadian Subprime, Bp Oil Spill & the Death of Statism
  • Mish on Tech Ticker on Stimulus & Markets
  • Julien’s Celebrity Auction Achieves Record Results
  • Canadian Household Debt at Record Levels
  • As G20 Prepare to Convene in Toronto, Canadian Government Boasts Over “Having Avoided Banking Crisis” – The Perfect Kickoff to the Canadian Meltdown
  • China to Float Yuan More Freely – Roubini Predicts: Yuan Appreciation Against Dollar Unlikely – I Say: Yuan Has Already Begun Depreciating
  • Past 8 Presidents Since 1970 ALL Promised Big Change on Energy Policy
  • Human Rights in Relation to Ethics, Morality & Aesthetics
  • Obama’s Deficit Reduction Commission Needs More Deficits in Order to Stay in Operation

• Recently Popular

  • Mr. Bernanke, with all due respect: Shut the hell up.
  • Trade Deficit Continues to Decline
  • Universally Preferable Behaviour - A Rational Proof of Secular Ethics
  • The Great Depression - Now and Then
  • Inflation & Deflation Revisited
  • True Money Supply
  • 8 Years Later - Most Republicans Now Realize Iraq War Was a Mistake
  • Government Growth in the United States
  • Credit Expansion Policy
  • Private Citizens Perform $4 Million Road Repair Job For Free in 8 Days

• Recent Comments

  • Richard D. Greenfield on California Pension Tsunami – Biggest Plans Lost Almost $100 Billion in ‘09
  • Richard D. Greenfield on California Pension Tsunami – Biggest Plans Lost Almost $100 Billion in ‘09
  • Oliver Stone on Thoughts on Canadian Subprime, Bp Oil Spill & the Death of Statism
  • Real Estate on Commercial Property Crunchtime
  • Katrin Mahdjour on Julien’s Celebrity Auction Achieves Record Results

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• Categories

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• The Basics About Economics

  • The Basics: Praxeology
    • Economics
      • Economics of Voluntary Action
        • Value Preference
          • Exchange
          • Price
          • Marginal Value Preference
        • Time Preference
          • Savings
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            • Debt
          • Interest
        • Economic Functions
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          • Capitalist
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        • Goods
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            • Capital
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          • Media of Exchange (Money)
          • Ownership
            • Private Ownership
            • Public Ownership
        • The Market
          • Competition
          • Market Equilibrium
          • Comparative Advantage
          • Division of Labor
      • Economics of Compulsory Action
        • Violence
          • Aggression
            • Theft
          • Defense
        • Government
          • Fiat Money
            • Central Bank – Fiat Money
            • Fractional Reserve Bank
          • Forms of Government
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            • Capitalism
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          • Bureaucracy
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• Community Activity

  • EconomicsJunkie posted an update in the group Philosophy: I changed point 8 in my UPB summary as follows, after some feedback: 8. Universally [...] April 25, 2010
  • EconomicsJunkie and Will Moyer are now friends April 22, 2010
  • Bivi joined the group Philosophy April 22, 2010
  • EconomicsJunkie posted an update in the group Philosophy: I participated in the last call in show on Freedomain Radio ... http://www.freedomainradio.com/Traffic_Jams/FDR_1644_Sunday_Show_18_Apr_2010.mp3 - had [...] April 21, 2010
  • Will Moyer became a registered member April 20, 2010

• Recommended Books

  America's Great Depression

  The Anti-Capitalistic Mentality

  Atlas Shrugged

  Bureaucracy

  The Case Against the Fed

  Crash Proof

  Economics in One Lesson

  The Ethics of Liberty

  For a New Liberty

  The Fountainhead

  A History of Money and Banking in the United States

  Human Action

  Interventionism

  Liberalism

  The Little Book of Bull Moves in Bear Markets

  The Revolution: A Manifesto

  The Road Less Traveled, 25th Anniversary Edition : A New Psychology of Love, Traditional Values and Spiritual Growth

  Socialism

  The Theory of Money and Credit

  Universally Preferable Behaviour - A Rational Proof of Secular Ethics

  What Has Government Done to Our Money?

• Links

  • Anti War
  • BreakTheMatrix
  • Center For A Stateless Society
  • Cop Block
  • Free Talk Live
  • Freedomain Radio
  • Lew Rockwell
  • Ludwig von Mises Institute
  • Mish’s Global Economic Trend Analysis
  • Pete Eyre
  • Raven IOS Centers
•