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Profit and Loss
Profit and Loss
Author: Ludwig von Mises
In 1951, Mises gave an outstanding paper that made the summary case for the price system under capitalistic economic systems. In "Profit and Loss," he explains how cost accounting is the critical institution that ferrets out social waste, ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price...  more »
ISBN-13: 9781933550367
ISBN-10: 1933550368
Pages: 57
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Publisher: Ludwig von Mises Institute
Book Type: Paperback
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