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Source link: http://archive.mises.org/20744/mises-daily-thursday-january-26-2012/

Mises Daily: Thursday, January 26, 2012

January 26, 2012 by

"Profits Are Socially Responsible" by Doug French

While a business owner may make grand pronouncements that the environment or some social issue is more important than profits, what he or she is really saying is that the company believes these issues are more important than its customers. The idea is that profit should be abolished. But the results of that would be disastrous.

"Joseph A. Schumpeter: Maverick and Enigma" by Eugen-Maria Schulak and Herbert Unterköfler

Schumpeter thought of himself as a scientist first and foremost. He emphasized over and over that he wished to refrain from making any political judgments.

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