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Are Businesses Entitled to a Fair Profit?

Gary Galles by
Gary Galles
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One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”

Original Article: Are Businesses Entitled to a Fair Profit?

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About Gary Galles
Gary Galles
Gary M. Galles is a professor of economics at Pepperdine University. He is the author of The Apostle of Peace: The Radical Mind of Leonard Read.
My articlesMy siteAbout meMy books
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