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

Description

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."

This Audio Mises Wire is generously sponsored by Christopher Condon. 

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