Comments on: Profit IS Justified By Entrepreneurial Risk http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/ Blogging about liberty, anarchy, economics and politics Fri, 06 Jan 2012 21:07:44 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: no third solution » Blog Archive » What is Profit? http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8548 no third solution » Blog Archive » What is Profit? Sat, 11 Jul 2009 22:00:12 +0000 http://www.nothirdsolution.com/?p=2433#comment-8548 [...] is quite close to the definition I recently used in Profit IS Justified by Entrepreneurial Risk: for any given interval, Profit equals Revenue less Expenditures. Incidentally, this is not that [...] [...] is quite close to the definition I recently used in Profit IS Justified by Entrepreneurial Risk: for any given interval, Profit equals Revenue less Expenditures. Incidentally, this is not that [...]

]]> By: no third solution » Blog Archive » Leasing and Renting in a Free Economy: Dealing With Scarcity http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8519 no third solution » Blog Archive » Leasing and Renting in a Free Economy: Dealing With Scarcity Wed, 08 Jul 2009 18:35:58 +0000 http://www.nothirdsolution.com/?p=2433#comment-8519 [...] in the comments to Profit IS Justified by Entrepreneurial Risk, I posed a question to db0, inquiring [...] [...] in the comments to Profit IS Justified by Entrepreneurial Risk, I posed a question to db0, inquiring [...]

]]> By: nothirdsolution http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8518 nothirdsolution Wed, 08 Jul 2009 17:25:49 +0000 http://www.nothirdsolution.com/?p=2433#comment-8518 I may be moving some of my responses to stand-alone posts. This comments page is getting mighty crowded. I may be moving some of my responses to stand-alone posts. This comments page is getting mighty crowded.

]]> By: David Gendron http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8515 David Gendron Wed, 08 Jul 2009 16:33:28 +0000 http://www.nothirdsolution.com/?p=2433#comment-8515 No problem! No problem!

]]> By: David Gendron http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8513 David Gendron Wed, 08 Jul 2009 16:29:59 +0000 http://www.nothirdsolution.com/?p=2433#comment-8513 Yes, if bosses and workers aren't in an hierarchical scheme. Yes, if bosses and workers aren't in an hierarchical scheme.

]]> By: David Gendron http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8512 David Gendron Wed, 08 Jul 2009 16:28:12 +0000 http://www.nothirdsolution.com/?p=2433#comment-8512 It seem that you're more intelligent than Cork! It seem that you're more intelligent than Cork!

]]> By: db0 http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8511 db0 Wed, 08 Jul 2009 14:48:23 +0000 http://www.nothirdsolution.com/?p=2433#comment-8511 1. You are. Just not as usury (ie rent, wage-labour, interest) 2. Again, this is allowed. What is not allowed is to consider to own something you do not use. And again, this is not about preventing individuals from participating in such a transanction but to convince them not to. If we are to reach a libertarian society, then this kind of mentality will be built up as we progress towards it. It will be internalized. As such, if you want to find people who will labour for wages for you, you'll have an impossible time. If you grab some land and decide you want to rent it instead of using it, you'll find people opposing you etc. <a href="http:\/\/dbzer0.com\/blog\/distinctions-of-ownership" target="_blank">I've written about this</a> before 1. You are. Just not as usury (ie rent, wage-labour, interest)

2. Again, this is allowed. What is not allowed is to consider to own something you do not use.

And again, this is not about preventing individuals from participating in such a transanction but to convince them not to. If we are to reach a libertarian society, then this kind of mentality will be built up as we progress towards it. It will be internalized.

As such, if you want to find people who will labour for wages for you, you'll have an impossible time. If you grab some land and decide you want to rent it instead of using it, you'll find people opposing you etc.

I've written about this before

]]> By: nothirdsolution http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8510 nothirdsolution Wed, 08 Jul 2009 14:31:07 +0000 http://www.nothirdsolution.com/?p=2433#comment-8510 You're suggesting two things that are inherently anti-liberty: 1. I am not allowed to offer some of my belongings for temporary use, to another individual. 2. No other individual is allowed to offer some of his belongings in exchange for temporary use of one of my belongings. How is it possible to prevent two individuals from participating in a 100% voluntary transaction, without resorting to violence? You're suggesting two things that are inherently anti-liberty:

1. I am not allowed to offer some of my belongings for temporary use, to another individual.

2. No other individual is allowed to offer some of his belongings in exchange for temporary use of one of my belongings.

How is it possible to prevent two individuals from participating in a 100% voluntary transaction, without resorting to violence?

]]> By: nothirdsolution http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8509 nothirdsolution Wed, 08 Jul 2009 14:23:45 +0000 http://www.nothirdsolution.com/?p=2433#comment-8509 I appreciate Rothbard's work as a monetary theorist and as an economic historian, those being the areas of his work that I've actually read. I appreciate Rothbard's work as a monetary theorist and as an economic historian, those being the areas of his work that I've actually read.

]]> By: db0 http://www.nothirdsolution.com/2009/07/04/profit-is-justified-by-entrepreneurial-risk/comment-page-1/#comment-8504 db0 Wed, 08 Jul 2009 05:41:11 +0000 http://www.nothirdsolution.com/?p=2433#comment-8504 An Anti-Capitalist? I thought you were more of the Rothbardian type. An Anti-Capitalist? I thought you were more of the Rothbardian type.

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