
Ep. 2095 The Problems with Business School
The Tom Woods Show
00:00
Making Profits Without Creating Value
i almost thought about writing something where i thought, oh, your facebook friends are wrong about business school. Like, yes, business school has been an ally to people like us in many ways. But one of its great ones wis that it's even possible to create a profit without creating value. Making profit isn't a magic button we can just press and say, ok, this is profit button. You are not going to simply muddle by making profits without ating value for the people purchasing your goods or services. As austrians, we know that value isn't determined by cost. I can't just charge up some ridiculous thing and say, oh, because there is all this labor
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