Volume 5 Number 1
' $ NEW PERSPECTIVES ON POLITICAL ECONOMY & %
ARTICLES
Carden: A Note on Profit, Loss, and Social Responsibility
Simpson and Kjar: Mengerian Causality: The Case of the Entrepreneur
Aranzadi The Praxeology of L. von Mises and the Theory of Action of et al.: Alfred Schütz
Pejovich: From Social Democracy to Liberal Socialism
Block: Rejoinder to Machaj on Indifference
Howden: Book Review – Hülsmann and Kinsella (eds.). Property, Freedom, and Society: Essays in Honor of H.-H. Hoppe 2009 Editorial Board:
Josef Šíma President of CEVRO Institute [school of political studies] Dan Šťastný Department of Economics, University of Economics, Prague
Advisory Board:
Enrico Colombatto University of Turin Richard Ebeling Northwood University, Midland Robert Higgs The Independent Review Jesus Huerta de Soto University of Madrid Jörg Guido Hülsmann Universite d’Anger
Language Editor: Shelly Gussis
ISSN: 1801-0938 ISSN 1801-0938
New Perspectives on Political Economy Volume 5, Number 1, 2009, pp. 1 – 8
A Note on Profit, Loss, and Social Responsibility
Art Carden
JEL Classification: B53, D63, L21, L26, P11, P12, P14, P17
Abstract: This short note discusses the role of profits and losses in organizing infor- mation. I explore the ethical status of a firm earning losses and argue that to earn a loss reveals important information about the production plans that are likely to be successful. I further argue that the information revealed in a profit-and-loss economy is socially beneficial.