Profit and Loss

In Profit and Loss, Mises explains how cost accounting is the critical institution that ferrets out social waste and ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price signals. His presentation is systematic, relentless, and logical — Mises is capable of nothing less. PROFIT AND LOSS PROFIT AND LOSS LUDWIG VON MISES Ludwig von Mises Institute AUBURN, ALABAMA Copyright © 2008 Ludwig von Mises Institute Ludwig von Mises Institute 518 West M

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